President Muhammadu Buhari has penned a letter to the House of Representatives for amendment of the Petroleum Industry Act (PIA).
Buhari recently signed the PIA into law after years of footdragging which led to the underdevelopment of the Niger Delta region and the oil sector.
In the letter read on Tuesday during the plenary by Speaker Femi Gbajabiamila, Buhari is seeking the removal of the Ministers of Petroleum Resources and Finance from the board of the agencies created under the law.
The Speaker said the letter will be referred to the appropriate committee of the House for immediate action.
In the letter also read during the plenary by Senate President Ahmad Lawan, Buhari explained that his proposal became necessary having carefully reviewed the administrative structure of both the Nigerian Midstream and Downstream Petroleum Regulatory Authority, and the Nigerian Upstream Regulatory Commission.
“I am of the view that this membership limitation has not addressed the principle of balanced geopolitical representation of the country,” he said in the letter to the lawmakers.
“I, therefore, pray for the intervention of the 9th Assembly to correct this oversight in the interest of our national unity.
“Needless to add that this amendment will provide a sense of participation and inclusion to almost every section of the country in the decision making of strategic institutions such as the oil industry,” the letter reads.
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