The stakeholders also demanded an increment in the contribution of 2.5 per cent of the Operating Expenditure of companies to 5 per cent even though they expressed concerns that the proposed funding is subject to manipulation and discretion by the entities.
Browsing: Petroleum Industry Bill
“We are working to pass the 2021 budget by the second week of December by the Grace of God,” Lawan said at a retreat for top management staff of the National Assembly and National Assembly Service Commission
The News Agency of Nigeria reports that Osinbajo made the declaration at the opening of the 38th Annual International Conference of the National Association of Petroleum Explorationists.
The event is a hostcom colloquium conceived and organised by OrderPaper Advocacy Initiative to achieve the objective of harnessing stakeholder positions on the host community provisions of the PIB.
The new bill obtained by the News Agency of Nigeria revealed that the companies are expected to engage with the communities to understand their specific needs.
From excerpts in the new Petroleum Industry Bill (PIB) obtained by the News Agency of Nigeria in Abuja, the aim of the trust is to foster sustainable prosperity within the host community.
The new PlB currently before the National Assembly was obtained by the News Agency of Nigeria on Thursday, in Abuja.
The News Agency of Nigeria reports that the new PIB is currently before the National Assembly for consideration.
Kyari gave the assurance at the 3rd Valuechain Magazine Annual Lecture and awards in Abuja on Monday.
The disclosure was made in an announcement by the President of the Senate, Ahmad Lawan, moments before the upper chamber adjourned plenary on Thursday.
The bill, tiled: “Petroleum Industry Bill,” was sponsored by Senator Abdullahi Yahaya.
The Minister of State for Petroleum, Timipre Sylva, while speaking with the leadership of National Assembly at an interactive session on the proposed Petroleum Industrial Bill, asked Nigeria to utilise its oil wealth at a time it matters most
The minister allayed the fears while fielding questions from journalists at the National Assembly after an interactive session with the leadership of the assembly.
Sylva disclosed this while briefing newsmen in Abuja on Thursday.
The Minister of State for Petroleum Resources, Chief Timipre Slyva, has said about one billion barrels of crude oil have been discovered in the North East of Nigeria.
Lawan made this known while playing host to the French Ambassador to Nigeria, Jerome Pasquier, at the National Assembly, Abuja.
The Executive Director, Policy and Legal Advocacy Centre, Clement Nwankwo, has urged the 8th National Assembly to ensure the passage of Petroleum Industry Bill before its tenure elapses.
The Petroleum and Natural Gas Senior Staff Association of Nigeria on Friday urged the National Assembly to pass the Petroleum Industry Bill to build investors’ confidence in the industry.
President Muhammadu Buhari gave the pledge at the 40th anniversary of the National Union of Petroleum and Natural Gas Workers on Thursday in Abuja.
Saraki gave the advice during consultation visit to delegates and supporters of PDP at the party Secretariat in Uyo.