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President Muhammadu Buhari on Tuesday approved the constitution of a 14-man steering committee to enforce petroleum products supply and compliance with official prices.
This is coming as consumers of petroleum products express outrage over the worsening scarcity of the commodity amidst price hikes that have primarily become unregulated.
While some actors in the petroleum sector lauded the setting up of the committee, others said the president and his lieutenants were racing against time.
In a statement yesterday, Buhari who has been the minister of petroleum since 2015 when he unveiled his cabinet will personally chair the steering committee while the Minister of State for Petroleum Resources, Chief Timipre Sylva is the alternate chairman.
Other members of the committee are the minister of finance, budget, and national planning; permanent secretary, ministry of petroleum resources; national economic adviser to the president; director-general of, the Department of State Services (DSS); comptroller-general, of Nigeria Customs Service (NCS); the chairman, Economic and Financial Crimes Commission (EFCC) and the commandant-general, Nigerian Security and Civil Defence Corps (NSCDC).
The rest of the members are the authority Chief Executive, NMDPRA; governor of the Central Bank of Nigeria (CBN); the group chief executive officer, NNPC Limited; special advisor (special duties) to the minister of state petroleum while the minister of stateโs technical advisor (midstream) is the secretary.
