OrderPaperToday – The House of Representatives on Tuesday received a correspondence from President Muhammadu Buhari for the amendment of the recently assented Petroleum Industry Act (PIA) 2021.
The letter from the President proposed amendments on the administrative structure of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Upstream Regulatory Commission.
The three-page letter was read out by the Speaker of the House, Mr. Femi Gbajabiamila, at the start of the plenary.
The PIA amendment sought by President is for the appointment of non-executive board members and the removal of the ministry of finance and petroleum from two institutions.
The amendment stipulates that the affected ministers can perform their functions without necessarily being members of the board.
Additionally, another aspect of the amendment is to increase the number of non-executive members of the NNPC Limited Board from two to six to reflect federal character.
He, therefore, requested amendment to Sections 11(2)(b) and 34(2)(b) which provides for the administrative structure of the PIA 2021.
The President also constituted the board of the Commission and the Authority. The names of the nominees were also forwarded to the lawmakers for confirmation.
The President, in his letter, said the appointment of the chairman and members is in line with 34(3) of the Petroleum Industry Act 2021. Thus names of the nominees for the Authority as sent are:
Idaere Ogan – Chairman
Sarki Auwalu – Chief Executive
Abiodun Adeniyi – Executive Director, Finance and Accounts and;
Ogbugo Ukoha – Executive Director, Distribution Systems, Storage and Retail Infrastructure.
For the Commission, the President appointed:
Isa Ibrahim Modibbo – Chairman
Gbenga Komolafe – Chief Executive
Hassan Gambo – Executive Commissioner, Finance and Accounts and;
Rose Ndong – Executive Commissioner, Exploration and Acreage Management.
Furthermore, the President proposed a deletion of Sections 11(2)(f), 11(2)(g), 34(2)(f) and 34(2)(g) from the Petroleum Industry Act, which would see to the removal of the Ministries of Petroleum and Finance form the Board of the Nigerian Petroleum Regulatory Authority and Upstream Regulatory Commission.
He explained that, “the proposed amendment will increase the membership of the board from nine (9) to thirteen (13) members that is representing 44 percent expansion of the board size.