KATHMANDU: CPN-UML Chair KP Sharma Oli is all set to become the 41st Prime Minister of Nepal. Oli will be sworn in as the Prime Minister amid a function at the Office of the President, according to President's secretariat.

The largest alliance in the parliament, the left alliance, formally extended support to KP Sharma Oli for premiership and presented the same claim afore President Bidhya Devi Bhandari at 9:00 AM today.

According to President Bhandari's Chief Personal Secretary Bhesh Raj Adhikari, the left alliance has supported Oli's bid for premiership through correspondence to President Bhandari at the President's official residence.

With the support from the CPN-Maoist Centre to the bid for premiership, Oli would now become prime minister under Article 76 (2) of the constitution.

Article 76 (2) states that if no party gets clear majority, the president shall appoint as prime minister the member of the House of Representatives who has majority support of two or more parties represented in the House of Representatives.

Meanwhile, UML chair Oli has been appointed Nepal's prime minister as per the statement issued by the Office of the President, Shital Niwas.

UML Standing Committee on Wednesday decided to name Oli as the party’s prime ministerial candidate after Oli held one-on-one meeting with CPN-MC Chair Dahal in the morning, following which Oli and Dahal briefed their party colleagues about their discussion.

The left alliance comprising the UML and the CPN-MC has a comfortable majority in the 275-member House of Representatives, with UML having 121 seats and the CPN-MC 53.

The Party Unification Coordination Committee formed by the CPN-UML and CPN-Maoist Centre agreed on Wednesday that UML would have the prime minister, president and deputy speaker, while CPN-MC would have the vice-president and the speaker.

This is KP Sharma Oli's second innings as the Prime Minister of Nepal. Oli will take over as the 41st Prime Minister of Nepal.