The federal government has set up a 14-member Steering Committee on Petroleum Products Supply and Distribution Management panel to find lasting solution to the disruptions in the supply and distribution of petroleum products across the country.
The federal ministry of petroleum resources said in a statement that President Muhammadu Buhari had approved the constitution of the panel which would be chaired by him.
It also stated that the committee has the minister of state for petroleum resource, Mr. Timipre Sylva, as alternate chairman.
The ministry further said the team was saddled with the responsibility to ensure transparent and efficient supply and distribution of petroleum products.
Other terms of reference are to ensure national strategic stock management, visibility on the NNPC Limited refineries rehabilitation programme and ensure end-to-end tracking of petroleum products, especial PMS, to ascertain daily national consumption and eliminate smuggling.
To ensure sanity in the supply and distribution across the value chain, Sylva directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure strict compliance with the government’s approved ex-depot and retail prices for PMS.
The ministry stated that other members of the committee include the minister of finance; permanent secretary, ministry of petroleum resources; national economic adviser to the president; and director-general, Department of State Services.
Others include the comptroller general, Nigeria Customs Service (NCS), chairman, Economic and Financial Crimes Commission (EFCC), and commandant-general, Nigerian Security and Civil Defence Corps (NCDSC).
The chief executive, NMDPRA, governor, Central Bank of Nigeria, group chief executive officer, NNPC Limited were also listed as members of the committee.
