An online newspaper had reported that $10 million was paid in cash to the leadership of the National Assembly.
Browsing: Petroleum Industry Bill
Osinbajo stated this in his remarks at a virtual event to commemorate the 25th anniversary of Sahara Group.
Prof. Osinbajo stated this ob Monday in his remarks delivered at a virtual event to commemorate the 25th anniversary of Sahara (Energy) Group.
But quite instructively, the spate of reactions that trailed this development has diminished the ultimate intentions of the legislation
President Muhammadu Buhari has done what Napoleon couldn’t do. Again and again. The Bill had defied Olusegun Obasanjo who introduced it, got the better of Umaru Musa Yar’Adua (God rest his soul), worsted Goodluck Jonathan, but has finally been subdued by Buhari. The man has proven to be adept at concluding things that had long trounced and vanquished many leaders before him.
Other issues expected to be discussed during the meeting are the planned commencement of the second phase of the COVID- 19 vaccination, and the Water Resources Bill, pending before the National Assembly among others.
The passage followed the approval of the recommendations contained in its conference committee report on a Bill for and Act to Provide Legal, Governance, Regulatory and Fiscal Framework for the Nigerian Petroleum Industry, the Development of Host Communities and for Related Matters, 2021.
This was stated in the report of the Joint Committees on Petroleum Industrial Bill, which is under consideration in the Senate
The Eagle Online learnt that the report was concluded last week Thursday after the shouting match among the lawmakers on Wednesday
The National Assembly had promised to pass the piece of legislation this month
Lawan spoke while playing host to visiting UK Minister for Africa, James Duddridge, on Tuesday
The Chairman of the South South Forum and Governor of Delta State, Dr. Ifeanyi Okowa, stated this at the end of the Governors’ meeting in Port Harcourt, Rivers State.
“The PIB is going to be a piece of legislation that in our estimation will change the economic fortune of Nigeria and of course improve the earnings by our businesses who are here and we want to attract many more investments into the oil and gas industry in Nigeria,” Lawan said.
Tunji Oyebanji, Chairman, MOMAN, told the News Agency of Nigeria on Friday in Lagos that this would help to curb oil theft, pipeline vandalism and reduce the cost of crude oil production.
According to Lawan, the new Petroleum Industry Bill presently before the National Assembly would accommodate provisions to ensure same when the bill is eventually considered and passed by the end of the first quarter this year.
The pandemonium occurred at ongoing public hearing on the Petroleum Industry Bill on Thursday.
Gbajabiamila said though the PIB has been in the National Assembly for decades without much success, the 9th Assembly would ensure that it passes it into law.
Lawan made this known in a speech delivered when members of the Senate Press Corps paid him a visit to mark the occasion of his 62nd birthday celebration in Abuja.
Lawan stated this when he fielded questions from State House correspondents shortly after the signing of the 2021 Appropriation Bill into law by President Muhammadu Buhari in Abuja on Thursday.
The allegation was contained in the 2015 Auditor General Report, which was submitted to the Senate Committee on Public Account, chaired by Senator Mathew Urhoghide.