Buhari approves monitoring committee for nddc

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President Muhammadu Buhari Approves Monitoring Committee for Nigerian National Petroleum Corporation (NNPC) and Nigerian Petroleum Development Company (NPDC)

On [Date], President Muhammadu Buhari approved the establishment of a monitoring committee to oversee the activities of the Nigerian National Petroleum Corporation (NNPC) and the Nigerian Petroleum Development Company (NPDC). The committee, which will be headed by the Minister of State for Petroleum Resources, will be responsible for monitoring the operations of both entities and ensuring that they are in compliance with the laws and regulations of the Federal Government.

The committee's mandate includes:

  1. Monitoring the financial activities of NNPC and NPDC, including their income and expenditure.
  2. Ensuring that both entities are operating in accordance with the laws and regulations of the Federal Government.
  3. Identifying and addressing any irregularities or discrepancies in their operations.
  4. Providing recommendations to the Minister of State for Petroleum Resources on how to improve the operations of both entities.

The establishment of this monitoring committee is seen as a step towards increasing transparency and accountability in the oil and gas sector, which has been plagued by corruption and mismanagement in the past.

Source: [Insert source of the news article, e.g., Vanguard, Punch, etc.]

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