The Minister of Industry, Trade and Investment, Mr. Adeniyi Adebayo, Monday inaugurated a technical committee to carry out a review of the newly passed Petroleum Industry Act 2021 and its implications on the statutory responsibilities of the ministry.
Essentially, the technical committee headed by the director, Legal Services of the ministry, Muhammed Alhassan will among other things review the PIA and its implication on the Oil and Gas Export Permit being issued to exporters by CED, review the PIA in relation to the Weights and Measures Act, and its implication on the Department as well as highlight the implication of the Act on the roles of CED and Weights and Measures Departments under the Nigerian Export Supervision Scheme.
The minister in a statement by his media aide, Mr. Ifedayo Sayo, noted that the Act tampered significantly with some statutory roles of the ministry, adding that, “As a ministry, some of our roles as they relate to the administration of the pre-shipment inspection and the Nigerian Export Supervision Scheme had hitherto been under the ministry of finance, and are now under the new commission under the Petroleum Industry Act.
Adebayo said,”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.