They Are No More: List of Agencies Scrapped by the Federal Government

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.

Some agencies have been scrapped by the federal government
FG has scrapped Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency. Photo: Ministry of Petroleum Resources, Nigeria
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.

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Source: Legit.ng

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