President Muhammadu Buhari has approved the Implementation Framework for the newly signed Petroleum Industry Act (PIA), 2021.

The President also named Minister of State for Petroleum Resources, Chief Timipre Sylva, to head the Steering Committee that will drive the implementation process.

He gave the approval on Wednesday while speaking on the PIA, during a meeting with the leadership of the National Assembly.

Other members are: Permanent Secretary Ministry of Petroleum Resources; Group Managing Director NNPC; Executive Chairman FIRS; Representative of the Ministry of Justice; Representative of the Ministry of Finance, Budget and National Planning, Senior Special Assistant to the President on Natural Resources, Barrister Olufemi Lijadu as External Legal Adviser, while the Executive Secretary, Petroleum Technology Development Fund, will serve as Head of the Coordinating Secretariat and the Implementation Working Group.