{"id":1636,"date":"2021-08-18T12:33:37","date_gmt":"2021-08-18T11:33:37","guid":{"rendered":"https:\/\/mydailybells.com.ng\/businessbells\/?p=1636"},"modified":"2021-08-18T16:21:33","modified_gmt":"2021-08-18T15:21:33","slug":"breaking-buhari-approves-steering-committee-on-petroleum-industry-act","status":"publish","type":"post","link":"https:\/\/mydailybells.com.ng\/businessbells\/breaking-buhari-approves-steering-committee-on-petroleum-industry-act\/","title":{"rendered":"Buhari Approves Steering Committee on Petroleum Industry Act"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong><span style=\"font-size: 18pt;\">President Muhamamdu Buhari has commenced implementation of the newly signed Petroleum Industry Act by approving a steering committee to oversee the process.<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">A statement issued on Wednesday by the Special Adviser to the President on Media and Publicity, Femi Adesina, revealed that the steering committee will be headed by the Minister of State, Petroleum Resources, Timipre Sylva.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">Others in the committee 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 Implementation Working Group.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">According to the statement, \u201cThe primary responsibility of the steering committee shall be 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.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">\u201cThe committee has 12 months duration for the assignment, and periodic updates will be given to Mr President.\u201d<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; President Muhamamdu Buhari has commenced implementation of the newly signed Petroleum Industry Act by approving a steering committee to oversee the process. &nbsp; A statement issued on Wednesday by the Special Adviser to the President on Media and Publicity, Femi Adesina, revealed that the steering committee will be headed by the Minister of State, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":1110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[15,16],"tags":[86,918,917],"class_list":["post-1636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-energy","tag-buhari","tag-petroleum-industrial-act","tag-steering-committee"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Buhari Approves Steering Committee on Petroleum Industry Act &#8212; Business Bells<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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