The Nigerian Senate today, 7th of October 2021 confirmed the appointment of Idaere Gogo Ogan (Chairman); Farouk A. Ahmed (Chief Executive Officer); Abiodun Adeniji (Executive Director, Finance and Accounts); and Ogbugo Ukoha ( Executive Director, Distributions System, Storage and Retail Infrastructure) as members of the board of the Midstream and Downstream Regulatory Authority.
The Senate on Wednesday 6th October 2021, confirmed the appointment of Isa Ibrahim Modibbo – Chairman; Engr. Gbenga Komolafe – Chief Executive; Hassan Gambo – Executive Commissioner, Finance and Accounts; and Ms Rose Ndong – Executive Commissioner, Exploration and Acreage Management. The President is expected to appoint other non-executive members to the Board of the Commission, once the proposed amendment to the PIA is passed.
There are a number of tasks immediately before the Commission including – staffing the Commission appropriately; instituting change management; publishing draft regulations and guidelines; publishing the domestic base price for natural gas.
A copy of the Petroleum Industry Bill 2020 can be found here. The Bill proposes reforms to governance, administration, host community and fiscal matters in the oil and gas industry. Keep checking our site for detailed analysis of its provisions.
Petroleumindustrybill.com Managing Editor, Dr. Adeoye Adefulu, spoke with CNBC Africa last week on the need for the President to assent to the PIGB.