Buhari renews tenure of PTDF, PEF, NCDMB bosses

President Muhammadu Buhari has renewed the appointments of Chief Executive Officers of agencies under the Ministry of Petroleum Resources.

Presidential spokesman, Femi Adesina, in a statement issued on Friday, said the renewal of the appointments which took immediate effect followed recommendations to the President by Chief Timipre Sylva, Minister of State Petroleum Resources.

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• Bello Aliyu Gusau is re-appointed Executive Secretary of Petroleum Technology Development Fund (PTDF);
• Ahmed Bobboi, Executive Secretary/Chief Executive Officer of Petroleum Equalization Fund (PEF), and
• Engineer Simbi Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB).

According to the statement, Gusau is credited to have run the PTDF successfully in the past four years, keeping faith with the Seven Strategic Priorities he had introduced in January 2017.

These are: Domestication, Cost cutting, Sustainable funding, Efficient internal processes, Linkages with the industry, Utilization of centers of excellence, and Pursuit of home-grown research.

Ahmed Bobboi, it added, gets his reappointment for having run PEF in a way that made it a key and strategic player in the administration’s oil and gas reforms, especially in stabilizing the supply and distribution of petroleum products across the country, among others.

The statement stressed that Engineer Wabote won his pips for managing the Nigerian Content Development Fund prudently, completing the headquarters building of NCDMB, and also initiating many landmark projects that are widely commended by industry players.