Today's Headlines: Buhari Makes New Appointment; Adaji Cautions Buhari Against Gratifying Fani-Kayode
Buhari Makes New Appointment President Muhammadu Buhari directed the formal incorporation of Nigerian National Petroleum Company (NNPC) Limited over the weekend, as well as the appointment of its board of directors and management. Femi Adesina, the president's special adviser on media and publicity, announced the decision in a statement on Sunday and also named the new oil company's management and board members.
President Muhammadu Buhari Friday received the certificate of incorporation of the Nigeria National Petroleum Company Limited, saying the country expects nothing less from the Board of Directors, the Chief Executive Officer, and the Chief Finance Officer, “than the realization of a global national oil company that this nation desires and deserves.”
The Federal Government of Nigeria has scrapped the Petroleum Products Pricing Regulatory Agency (PPPRA), Petroleum Equalisation Fund (PEF) and the Department of Petroleum Resources (DPR) as new oil agencies take off. This exercise is in accordance with the new Petroleum Industry Act (PIA), which specified that two regulatory agencies will henceforth perform the duties of the defunct PEF, PPPRA and DPR.
Today's Headlines: Buhari Speaks On Nigerians Expectations From NNPC, Why We Seized Ex-Gov Odili's Passport- Immigration
Photo Credit: Goggle Buhari Speaks On Nigerians’ High Expectation From NNPC Photo Credit: Naija News President Muhammadu Buhari has observed that Nigeria expects nothing less from the new Board of Directors, the Chief Executive Officer, and the Chief Finance Officer of the NNPC other “than the realization of a global national oil company that this nation desires and deserves.”
Today's Headlines: Buhari Makes Another Appointment; Suspected Pro-Biafran Militias Kill 3 Policemen
Buhari Makes Another Appointment President Muhammadu Buhari directed the formal incorporation of Nigerian National Petroleum Company (NNPC) Limited over the weekend, as well as the appointment of its board of directors and management. Femi Adesina, the president's special adviser on media and publicity, announced the decision in a statement on Sunday and also named the new oil company's management and board members.
Independent oil marketers have said that the pump price for premium motor spirit, otherwise known as fuel, might increase soon due to the Petroleum Industry Bill signed into law by President Muhammadu Buhari last week. According to the new law, the Federal government is mandated to deregulate the petroleum industry and remove fuel subsidies.
According to President Muhammadu Buhari's aide, Femi Adesina, President Muhammadu Buhari's is worthy enough to be called the master finisher as a result of his achievements since he came into power. According to him, the country has been in a frenzy this week as a result of the long-awaited Petroleum Industry Bill (PIB) being signed into law.
President Muhammadu Buhari stunned his critics when he signed the Petroleum Industry Bill (PIB) – now the Petroleum Industry Act – into law on August 16, 2021. (PIA). Many people may forget, in the heat of the moment, that the bill has been through the most difficult trip in Nigerian lawmaking history, having faced numerous defeats for nearly two decades.
PIA implementation begins this week, says Senate The Senate has said the implementation of the Petroleum Industry Act will start this week as soon as it confirms the appointment of the nominees for the two regulatory agencies created by the new law for the oil and gas sector in the country.
The Petroleum Industry Act, while being almost 20 years in the making, is still seen by many as inept at best. During its long voyage as the Petroleum Industry Bill and after President Major-General Muhammadu Buhari (retd) signed it into law, the act has created headlines that indicate to another front in Nigeria's political schism:
President Muhammadu Buhari inaugurated a steering group to monitor the reform program's transition to the petroleum industry. The government has put on hold the Petroleum Industry Act (PIA) until August 2022. This was owing to uncertainty about the PIA failing to pass, as well as a lack of progress and stagnation in the sector.
Nigerian President, Muhammadu Buhari, has sought amendment to certain provisions of the controversial Petroleum Industry Act (PIA). 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.
Civil Society Organisations under the umbrella of Peace for Niger Delta (PND), has reportedly called on President Muhammadu Buhari to appoint a permanent head for the Presidential Amnesty Programme (PAP). The group also called on the president to restore the mandate of the Amnesty Programme to its original intent and take service to the Niger Delta where the ex-agitators reside.
His Excellency, President Muhammadu Buhari, is to present Nigeria's 2022 fiscal year budget before the National Assembly on Thursday, October 5, 2021. This information was disclosed by Ovie Omo-Agege, the Deputy Senate President, during the Tuesday plenary session. Omo-Agege said, according to the written by the President, he sought some adjustments in the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), which were recently passed as parameters on which the next year's budget would be framed.
The Managing Director Nigerian National Petroleum Corporation (NNPC) Mele Kyari, says the NNPC is in talks with the government of Niger Republic, to establish more retail outlets across the neighboring countries. Mr Kyari said this new development would help to stop the smuggling of petroleum products across Nigeria’s land borders.
President Muhammadu Buhari, was presented with the certificate of Incorporation of the Nigeria National Petroleum Company limited at the Presidential villa, Abuja, on Friday. While giving his speech at the brief event, President Buhari said the country expect nothing less from the Board of Directors, the Chief Executive Officer, and the Chief Finance Officer, than the realization of a global national oil company that this nation desires, and deserves.
President Muhammadu Buhari, yesterday, August 18, 2021, adopted a committee that will immediately initiate the Petroleum Industry Act (PIA). President Buhari on Wednesday, while presiding over the Federal Executive Council (FEC) meeting in Abuja, giving a remark on the Act he consented to two days ago.
Godswill Akpabio, Minister of Niger Delta Affairs, has stated that a trust fund will be established to manage the 3% given to host communities to avoid any problem that may develop during the implementation of the recently passed Petroleum Industry Act (PIA). Akpabio assured newsmen at a briefing organized by the Presidential Media Team in the State House, Abuja, on Thursday that the Ministry of Niger Delta would ensure that the funds were used to carry out tangible projects for the host communities, rather than being distributed among the community's elite.
The Nigerian president Mohammadu Buhari on Wednesday, set up an implementation steering committee to work towards the implementation of the Petroleum Industry Act. The Committee is headed by the Minister of State Petroleum Resources, Chief Timipre Sylva. The president handed the committee a 12 months time frame to complete the implementation process.
Nigerian President, Muhammadu Buhari said the passage of the Petroleum Industry Bill will help the country attract investments across the oil and gas value chain. President Buhari made this statement as he delivered his inaugural speech at the Federal Executive Council meeting where he set up the Steering Committee who will oversee the implementation of the Act.