The President's request principally was on the need to review the administrative structure of the Upstream Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority.
He therefore seeks the approval of the Senate to increase the numbers of the non-executive board members of each of the regulatory agencies from two to six, so as to capture the six geopolitical zones.
The President stated,"The Petroleum Industry Act 2021 provided for the appointment of two non executive members for the board of the two regulatory institutions. I am of the view that this membership limitation has not addressed the principle of balanced geopolitical representation of the country.
"Therefore, I pray for the intervention of the 9th Assembly to correct this oversight in the interest of our national unity. Needless to add that this amendment will provide a sense of participation and inclusion to almost ever section of the country in decision making of strategic institutions such as oil industry.
"If this amendment is approved, it will now increase the number of the non executive members from two to six, that is one person from each of the six geopolitical zones of the country".
President Buhari also removed both Ministers of Petroleum Resources and Finance from the board the board of the two agencies, stating that the two ministers already already have constitutional responsibilities of inter- governmental relations or supervision.
Kindly like and follow'Femfem' on this platform for more news updates. Thanks.
Content created and supplied by: Femfem (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More