THE TINUBU ENERGY AGENDA 2

The last blog post of Energy Nuggets Daily started a series on the Tinubu Energy Agenda, looking at the recommendations of the Oil and Gas Sub-Committee of the President’s Pre-Inauguration Policy Advisory Council. (See ENERGY NUGGETS DAILY of June 26).

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Tomorrow, we begin to look at the targets set for the first 100 days of the Tinubu administration for reforms in the energy value chain. While there have been distractions and initial missteps that reshuffled the timelines, it remains apposite that we examine the preliminary targets the Policy Advisory Council set, without necessarily situating them within the first 100 days.

The target assessments and performance analyses will be carried out under the following headings:

• Unify exchange rate window
• Reorganize NUPRC/NMDPRA to deliver set milestone goals and headhunt/place capable resources in critical positions.
• Head-hunt competent, tested, reform-focused leaders in NNPCL ensuring its function as a commercial entity per PIA; paying taxes, royalties, and profit to the Federation Account and properly regulated by NUPRC/NMDPRA/NCDMB.
• Deregulate PMS pricing and implement the Federal Direct Cash Transfer Programme.
• Signal determination to end insecurity in oil-producing states (Imo, Delta, Ondo, Rivers, Bayelsa,  Akwa-Ibom) by engaging key political and community stakeholders
• Reform the operations of the military task force with clearly defined KPIs and consequent management to tackle deficiencies
• Improve financing –agree on cash call arrears and debt repayment framework.
• Transition to market prices for Gas.

 

 

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