Nigeria scraps DPR, PPPRA, PEF as new oil agencies take off

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The government has set up new agencies under the new Petroleum Industry Act.

The federal government says it has scraped three oil sector agencies as required under the new petroleum law.he Petroleum Products Pricing Regulatory Agency , and the Petroleum Equalisation Fund no longer exist.

President Muhammadu Buhari in September nominated the chairpersons, members and commissioners of the new agencies. The nominees were approved by the Senate on October 6. “The law also provides for the staff and the jobs in those agencies to be protected. But I’m sure that that doesn’t cover, unfortunately, the chief executives, who were on political appointments.”

 

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Abi u changing there names lol. 😩

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