Is President Buhari Aware? PIB, PPPRA, DPR to be scrapped

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Senators, yesterday, said the Petroleum Industry Bill (PIB), currently before the Red Chamber will lead to the creation of a new commission expected to administer and enforce policies relating to all aspects of petroleum operations in the country.
The new commission, which will be called Nigeria Petroleum Regulatory Commission (NPRC), will take over the functions of Petroleum Inspectorate (PI), the Department of Petroleum Resources (DPR) and the Petroleum Products Pricing Regulatory Agency (PPPRA).


The lawmakers who are currently in Uyo, the Akwa Ibom State capital, for a four-day retreat on the Petroleum Industry Governance Bill (PIGB), are also proposing moves to reduce the powers of the President and the Minister of Petroleum Resources.

The proposed bill, if passed into law, will vest more powers on the commission, rather than on the President or the Minister.

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