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PIA: DPR Scrapped As Senate Confirms NURC Board Members
The Senate on Wednesday confirmed the appointment of board members of the Nigerian Upstream Regulatory Fee.
The affirmation of the nominees adopted the consideration of a report by the Senate Committee on Petroleum Sources.
The brand new company has robotically changed the Division of Petroleum Sources as a result of the fee would take over its tasks.
The nominees confirmed embrace Isa Modibbo – Chairman; Gbenga Komolafe – Chief Govt; Hassan Gambo – Govt Commissioner, Finance and Accounts; and Rose Ndong – Govt Commissioner, Exploration and Acreage Administration.
Chairman of the Committee on Petroleum Sources (Upstream), Senator Albert Akpan, in his presentation, stated that the nominees demonstrated ample information of the workings of the petroleum trade, particularly the upstream petroleum sector, in addition to the economics of petroleum exploration and manufacturing.
He added that the appointments of the nominees fulfill the necessities of Sections 11 and 18 (1-5) of the Petroleum Trade Act, 2021.
In response to the lawmaker, “there aren’t any antagonistic studies in opposition to the nominees as document checks and different types of investigations by safety businesses didn’t reveal any unfavourable hint in opposition to them.”
Akpan said that the Committee was glad concerning the {qualifications}, expertise, suitability, competence and integrity of the nominees to imagine the place of Chairman, Chief Govt and Govt Commissioners of the Nigerian Upstream Regulatory Fee.
The Senate President, Ahmad Lawan, stated the institution of the Nigerian Upstream Regulatory Fee would offer a basis for the stabilisation of the petroleum trade in Nigeria.
He additionally stated the affirmation of the NURC board has robotically led to the scrapping of the Division of Petroleum Sources as the brand new fee will take over its tasks.
He stated, “The Regulatory Fee has the big and big accountability of setting and establishing the Fee as supplied within the Petroleum Trade Act.
“They’ve the unenviable accountability of guaranteeing that they commit themselves and work onerous to offer the strong and secure basis for that matter, that they don’t waste any time as a result of time is of essence.
“The implication of the approval of board members for the fee is that the Division of Petroleum Sources has ceased to exist.”
“The Petroleum Trade will undergo a reform course of and the method has already began.
“This Fee is without doubt one of the big arms of these reforms that can stabilize the petroleum trade in Nigeria.
“Whereas the Senate confirms them, we count on nothing lower than dedication and patriotism on their aspect.
“The Senate needs them one of the best and a really fruitful tenure as they take their places of work.
“We count on that the opposite regulatory authority for downstream and midstream may even be confirmed as quickly as attainable, so additionally they begin their work instantly.”
DPR Scrapped
