President Muhammadu Buhari had approved a steering committee to oversee the process of implementation of the newly signed Petroleum Industry Act (PIA) .
A release signed by the Special Adviser to the President on Media and Publicity, Femi Adesina says the committee is headed by the Minister of State, Petroleum Resources, Timipre Sylva.
The mandate of the Committee according to the release is to guide the effective and timely implementation of the PIA in the course of transition to the petroleum industry envisaged in the reform program, and ensure that the new institutions created have the full capability to deliver on their mandate under the new legislation.
Other members of the committee include; 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 Implementation Working Group.
The committee has 12 months duration for the assignment, and periodic updates to be given to the President.