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OPINION: Main Reason Why President Buhari Approved The Steering Committee On Petroleum Industry Act

President Muhammadu Buhari has approved a Steering Committee to oversee the process of operation of the newly signed Petroleum Industry Act (PIA).

Photo credit: Vanguard

This was made known by Femi Adesina, who is the Special Advicer to President Muhammadu Buhari on Media and Publicity, stated on Monday, that the steering Committee is under the leadership of Timipre Sylva, who is the minister of state, petroleum resources.

Photo credit: The Brand Crunch

Photo credit: This Day live

The main reason why president Buhari approved the Steering Committee was to ensure the effectiveness and timely implementation of the PIA (Petroleum Industry Act), which was signed into law on Monday.

In my opinion, President Muhammadu Buhari approved the Steering Committee to ensure that the newly signed Petroleum Bill is effectively carried out on time. The newly signed Petroleum Bill was signed in order to improve the industrialisation of the country, which will lead to massive development in Nigeria.

It was noted that the Committee had been given a duration of 12 months to carry out the assignment.

Meanwhile, the Nigeria National Petroleum Corporation (NNPC) will be transformed into a private organisation in the next six months. This is in line with the newly signed Petroleum Industry Act.

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Brand Crunch Femi Adesina Muhammadu Buhari Steering Committee Vanguard

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