President Bola Ahmed Tinubu don approve make dem set up Presidential Petroleum Reform and Value Optimisation Taskforce to push the next phase of reforms for Nigeria petroleum sector.
Statement wey come from presidency talk say the taskforce go plan and arrange reforms wey go help strengthen the changes wey already dey happen for the sector, attract investors and make Nigeria stand strong as global energy destination.
Co-founder of Guaranty Trust Bank and founder of Fate Foundation, Fola Adeola, go serve as chairman of the taskforce.
Other members include Ademola Adeyemi-Bero, Osagie Okunbor, Abubakar Suleiman, Adaeze Aguele, Farouk Gumel, Phillipa Osakwe-Okoye and Seyi Bella.
Mofoluwasho Fadayomi go serve as secretary of the group.
Presidency also talk say the taskforce go work as special high-level technical reform team wey get time limit, and their main work na to prepare ready-to-use policy plans for the sector.
The group suppose deliver three big reform plans. One of them na implementation toolkit wey go help make quick structural changes, including law amendment, executive actions and proposal to restructure institutions.
Another plan na capital and liquidity acceleration blueprint wey go help bring out between $5 billion and $10 billion money for the sector, while still protecting Nigeria interest.
The third one na national energy transformation strategy, a 10-year roadmap wey go set clear targets for oil production, foreign exchange earnings, GDP contribution and how to reduce cost.
The taskforce go report directly to the President and go submit progress report every month.
Dem expect interim report after three months, while final recommendations go come within six months after dem inaugurate the group.
The president also direct all ministries, departments, agencies and regulators make dem give technical support and make their ongoing work follow the new reform plan.
