Just 36 days after President Muhammadu Buhari signed the Petroleum Industry Bill into law, he has returned it to the National Assembly seeking to amend some sections of the law.
One of his intentions is to increase the membership of the Board of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NPRA) and Upstream Regulatory Commission (URC) from nine to 13.
Buhari had on August 16, 2021 signed the Petroleum Industry Bill into law, 14 years after it was presented for the first time in the National Assembly by the former President Umaru Musa Yar’Adua’s administration.
But yesterday, the Senate received Buhari’s letter seeking amendment to the Petroleum Industry Act 2021 which he signed exactly 36 days ago, a document that was passed by the National Assembly on July 1, 2021.
The request was contained in a letter dated September 16, 2021, and read during plenary by the Senate president, Ahmad Lawan.
President Buhari, in the letter, explained that the appointment of two non-executive members as provided for by the Act to the Board of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NPRA) and Upstream Regulatory Commission (URC) does not reflect balanced geopolitical representation.
He, therefore, requested amendment to Sections 11(2)(b) and 34(2)(b) which provides for the Administrative Structure of the PIA 2021 to increase the number of the non-executive members from two to six on the boards of the NPRA and the URC.
Source: Leadership NG