ABUJA — Senate President Ahmad Lawan has said with the confirmation of the board members of the newly created Nigerian Upstream Regulatory Commission, the Department of Petroleum Resources (DPR) has been scrapped.
After the confirmation of the board members on Wednesday, Lawan said with the Petroleum Industry Act (PIA) and the confirmation of the nominees sent to the Senate by President Muhammadu Buhari, said the new commission would take over the functions of the defunct DPR.
“Other regulatory authority for downstream and midstream will also be confirmed as soon as possible, so they also can start their work immediately.”
“The establishment of the commission would provide a foundation for the stabilization of the petroleum industry in Nigeria.”
“The board has the enormous and huge responsibility of setting and establishing the commission as provided in the Petroleum Industry Act. They have the unenviable responsibility of ensuring that they commit themselves and work hard to provide the solid and stable foundation for that matter, that they don’t waste any time because time is of essence.”
“The petroleum industry will go through a reform process and the process has already started. This commission is one of the huge arms of those reforms that will stabilise the petroleum industry in Nigeria.”
“While the Senate confirms them, we expect nothing less than commitment and patriotism on their side,” Lawan said.
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