FG Scraps DPR, PPPRA; Sacks CEOs

The federal government of Nigeria has announced the scrapping of the Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency and the Petroleum Equalisation Fund.

images 1 FG Scraps DPR, PPPRA; Sacks CEOs
Timipre Sylva

It also said while workers of the three agencies would be protected, their chief executives had been relieved of their various appointments.

The Minister of State for Petroleum Resources, Chief Timipre Sylva, stated this while speaking on the sidelines of the inauguration of the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Upstream Regulatory Commission in Abuja.

He stated that they do not exist anymore. According to the Minister, with the passage of the Petroleum Industry Act, the NPRA and NURC had taken over the functions of the DPR, PPPRA and PEF.

Responding to a question on what would happen to DPR following the inauguration of the board of NURC, Sylva said, “It is now a matter of law.

“The law states that all the assets and even the staff of the DPR are to be invested on the commission and also in the authority. So that means the DPR doesn’t exist anymore.

“And, of course, the law specifically repeals the DPR Act, the Petroleum Inspectorate Act, the Petroleum Equalisation Fund Act and the PPPRA Act. The law specifically repeals them. It is very clear that those agencies do not exist anymore.”

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