shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Ministry Inaugurates Technical Committee On Petroleum Industry Act

Ministry Inaugurates Technical Committee On Petroleum Industry Act

by Joshua
September 13, 2021
in Oil and Gas

Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, has inaugurated a technical committee to review the Petroleum Industry Act (PIA) 2021 and its implications on statutory responsibilities of the ministry.

ADENIYI ADEBAYO

Adebayo, in a statement by his Special Assistant (Media), Mr Ifedayo Sayo, noted that the Act tampered significantly with some statutory roles of the ministry.

Essentially, the technical committee, headed by the Director, Legal Services of the ministry, Muhammed Alhassan, will review the PIA 2021 and its implication on Oil and Gas Export Permit being issued to exporters by Commodity Export Department (CED).

The minister said that the committee would review the Act 2021 in relation to the Weights and Measures ACT, and its implication on the Department.

“The committee will highlight the implication of the ACT on the roles of CED and Weights and Measures Departments under the Nigerian Export Supervision Scheme (NESS).

“It will suggest an appropriate strategy to use in bringing the NESS scheme to FMITI since the scheme is about exports, which is a core mandate of the ministry.

“It will suggest ways to remedy the infractions on the responsibilities of the ministry if any; and prepare relevant letters to President Muhammadu Buhari and the National Assembly,” he said.

He explained that some of the ministry’s roles as they related to the administration of Pre-shipment inspection and the NESS had hitherto been under the Ministry of Finance, and are now under the new commission under the Act.

He stressed that the need by the ministry to leverage on the window provided by the review of the Act to enable it to play a more significant role under the scheme in line with its mandate.

Read Also: Nigeria Invests 0.2% Of GDP On Research And Development – Sylva

“Therefore, your Technical Committee is expected to take a professional look at the document, come up with strategies that will help redress the identified issues.

“There is a sense of urgency in the execution of your assignment so that we can seek the amendment of the infractions on the statutory functions of the ministry, especially through a request to relevant institutions of government.

“It is important to state that your assignment is critical to the continuity of some of our roles as a Ministry. I am confident in the quality of members chosen to undertake this assignment.

“Therefore, I task you all to make far-reaching recommendations that will help sustain and stabilize our operations,” he said.

The committee which comprises directors in the ministry has two weeks within which it is to submit its report.

shippingposition

Kindly like us on Facebook


Tags: Petroleum Industry Act

Related Posts

Nigeria’s Daily Crude Oil Production Drops To 937,766 bpd In September

Nigeria’s Crude Oil Export Revenue Drops by 17% to $6.68 Billion in First Two Months of 2025

June 1, 2025
President Tinubu Signs 6 IMO Instruments Of Accession

FG Rallies Stakeholders to Accelerate Nigeria’s Gas Revolution, Signs Agreement with Ten Equity Partners

June 1, 2025
The Return of Standards Organisation of Nigeria to the ports

SON Raises Concern Over Influx Of Adulterated Lubricants, Engine Oil

June 1, 2025
Tensions Rise as Bayelsa Host Communities Threaten Shutdown Over Security Contracts

Tensions Rise as Bayelsa Host Communities Threaten Shutdown Over Security Contracts

June 1, 2025

Discussion about this post

Latest News

Aliko Dangote Submits Paperwork To Build Nigeria’s Largest Seaport In Ogun

Nigeria Ramps Up Campaign for IMO Category C Seat, Showcases Maritime, Aviation Potential on Global Stage

July 15, 2025

WCO Chairmanship: Afam Chukwuma Hails Adeniyi’s Appointment as Major Boost for Nigeria’s Customs and Economy

Aliko Dangote Submits Paperwork To Build Nigeria’s Largest Seaport In Ogun

Nigeria Customs Boss Extols Late Buhari’s Legacy Of Discipline

Vessels Expected At Lagos Ports As At 14th July, 2025

Duty-Free, But Not Trouble-Free: Mixed Reactions Trail UK’s Trade Window For Nigerian Exports

At Last, Lekki-Epe Corridor Stakeholders Agree On August 1st Enforcement Date For E-Call-Up 

Nigeria Losing Billions To Boat Importation As Indigenous Operators Urge Local Shipbuilding Drive

Court Ruling Against CRFFN’s Regulatory Powers Tears Customs Brokers Apart   

Oyetola Reaffirms Commitment to Logistics Reform, Commissions Zenith Carex HQ

Let the Council for the Regulation of Freight Forwarding in Nigeria Breathe

MONDAY INTERVIEW: “70% of the crew of Ocean Dragon are Nigerians”— Mrs Bernadine Eloka 

kindly like our Facebook page

Health

The Usefulness Of Watermelon Seeds You May Not Know
Health

The Usefulness Of Watermelon Seeds You May Not Know

July 14, 2025

Watermelon is one fruit that’s hard to resist when it gets too hot. It’s sweet and is high in water...

KNOW YOUR BODY PARTS: THE HEART

KNOW YOUR BODY PARTS: THE HEART

June 30, 2025
Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

June 30, 2025
Contraceptive Pills Can’t Cause Cervical Cancer – Expert

Contraceptive Pills Can’t Cause Cervical Cancer – Expert

June 30, 2025
ONIONS: The Good Old Healing Vegetable

KNOW YOUR BODY PARTS: The Liver

June 16, 2025
ONIONS: The Good Old Healing Vegetable

ONIONS: The Good Old Healing Vegetable

June 16, 2025
Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025
20m Nigerians Live With Mental Health Issues, Says WHO

20m Nigerians Live With Mental Health Issues, Says WHO

June 1, 2025
Health Facts You Didn’t Know

How Your Habit Affects Fertility

May 19, 2025
Fruits For Raining Season

Fruits For Raining Season

May 19, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition