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Trade Ministry frowns at role interference in PIA

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Trade ministry frowns at role interference in PIA

By Matthew Eloyi

The Ministry of Industry, Trade and Investment has kicked against the recently enacted Petroleum Industry Act (PIA) stating that it tampered significantly with some statutory roles of the Ministry.

The Minister of Industry, Trade, and Investment, Adeniyi Adebayo stated this on Monday while inaugurating a technical committee to review the Act in Abuja.

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In his words, “As a ministry, some of our roles as they relate to the administration of the pre-shipment inspection and the Nigerian Export Supervision Scheme (NESS) had hitherto been under the Ministry of Finance, and are now under the new commission in the Petroleum Industry Act.”

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He stressed the need for the ministry to leverage 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.

He directed the committee to review the PIA 2021 and its implications on the statutory responsibilities of the ministry.

Essentially, the technical committee headed by the Director, Legal Services at the Ministry, Muhammed Danjuma Alhassan will among other things, review the PIA and its implication for the oil and gas export permit being issued to exporters by CED, review the PIA 2021 in relation to the Weights and Measures Act, and its implication on the Department and highlight the implication of the ACT on the roles of CED and Weights and Measures Departments under the Nigerian Export Supervision Scheme (NESS).

In a statement, signed by the Special Adviser on Media to the Minister, Ifedayo Sayo, the Minister further explained that the “Technical committee is expected to take a professional look at the document, come up with strategies that will help redress the identified issues.

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

Trade ministry frowns at role interference in PIA

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