New Petroleum Law Operational As Buhari Sets Up Steering C'ttee

President Muhammadu Buhari has commenced implementation of the newly signed Petroleum Industry Act (PIA) by approving a steering committee to oversee the

According to a statement by presidential spokesman, Femi Adesina, the steering committee is headed by the Minister of State, Petroleum Resources, Timipre Sylva.

Other members are: Permanent Secretary, Ministry of Petroleum Resources; Group Managing Director, NNPC; executive chairman, FIRS; representative of the Ministry of Justice; representative of the Ministry of Finance, Budget and National Planning; Senior Special Assistant to the President on Natural Resources, Barrister Olufemi Lijadu as External Legal Adviser, while the executive secretary, Petroleum Technology Development Fund , will serve as Head of the Coordinating Secretariat and the...

“The committee has 12 months duration for the assignment, and periodic updates will be given to Mr President,” Adesina stated

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