They Are No More: List of Agencies Scrapped by the Federal Government
- Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency are all officially scrapped
- According to the Nigerian federal government, also scrapped is the Petroleum Equalisation Fund agency
- This was disclosed in Abuja recently by minister of State for Petroleum Resources, Chief Timipre Sylva
The federal government has finally announced the scrapping of some agencies following the passage of the Petroleum Industry Act.
Source: Facebook
This was announced by the Minister of State for Petroleum Resources, Chief Timipre Sylva, while speaking on the side-lines of the inauguration of the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Upstream Regulatory Commission in Abuja, the Ministry of Petroleum Resources, Nigeria disclosed on Facebook.
The agencies are:
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Department of Petroleum Resources (DPR)
Petroleum Equalization Fund (Management Board)
Petroleum Product Pricing Regulatory Commission (PPPRC)
He said:
“And, of course, the law specifically repeals the DPR Act, the Petroleum Inspectorate Act, the Petroleum Equalisation Fund Act and the PPPRA Act. The law specifically repeals them. It is very clear that those agencies do not exist anymore.”
With this, the government said their chief executives had been relieved of their various appointments. Meanwhile, the FG added that workers of the three agencies would be protected.
Buhari did what Obasanjo, Jonathan, Yar’Adua could not achieve - Femi Adesina sends cryptic jabs
The presidency has disclosed that President Muhammadu Buhari who recently signed the Petroleum Industry Act, achieved what ex-Presidents Olusegun Obasanjo, Goodluck Jonathan, and the late Umaru Yar’Adua could not
Legit.ng gathered the disclosure was made known by the president’s special adviser on media and publicity, Femi Adesina.
In a piece posted on his Facebook page on Thursday, August 19, Adesina sent cryptic jabs saying in the 16-year total rule by the People Democrtaic Party (PDP) under Obasanjo, Yar'Adua and Jonathan, Buhari did what Napoleon couldn’t do.
According to him, Buhari has proven to be adept at concluding things that had long trounced and vanquished many leaders before him
Nigeria lost $50bn to delayed passage of PIB - President Buhari claims
Meanwhile, Nigeria has lost a whopping sum of $50bn worth of investments in the petroleum industry since 2011.
This was disclosed by President Muhammadu Buhari who lamented the loss, saying this was due to the absence of the Petroleum Industry Act.
Buhari made this assertion in Abuja at a ceremony on passage of the PIA, which preceded the Federal Executive Council meeting.
Source: Legit.ng
