Fortune Obi, the Public Relation’s Officer of PENGASSAN in a message to celebrate Nigeria’s Independent, said in Lagos that the country was bedevilled with many challenges.
Browsing: Petroleum Industry Bill
This was contained in a communiqué issued at the end of the workshop organised by the Facility for Oil Sector Transformation
The President of NUPENG, Williams Akporeha, who made the appeal in a statement in Lagos, said that the union was worried over the delay in passing the other aspects of the bill.
Speaking on the benefits of the Nigerian Local Content Act, while briefing the media in Lagos on Monday, the Chief Executive Officer of Fortune Global Shipping and Logistics, Eric Opah, said the Nigerian Act is a law targeted at promoting local participation in the oil and gas industry.
The Group Managing Director of the NNPC, Dr Maikanti Baru, said this at the 2018 Oloibiri Lecture Series and Energy Forum organised by the Society of Petroleum Engineers in Abuja on Thursday.
Speaking on the issues that will take up the Senate’s time over the next 22 months, Saraki also stated that it will focus on developing Nigeria’s infrastructure deficit through appropriate legislation
The National Chairman of HOSTCOM, Dr. Mike Emuh, told the News Agency of Nigeria in Abuja on Thursday that it was crucial to pass the bill on 10 per cent equity for HOSTCOM and also implement relevant laws on gas flaring, due to the plight of the communities over the years.
The three Bills are aimed at providing legal frameworks and other critical aspects of the petroleum industry not captured in the recently passed Petroleum Industry Governance Bill.
The bill, which passed second reading following a unanimous adoption by the lawmakers through a voice vote at plenary on Thursday, was sponsored by Senator Kabiru Marafa and members of the Joint Committee on Petroleum Resources.
In September 2016, on the heels of the announcement of Nigeria’s first economic recession, Saraki, as a first amongst equals, led the Senate’s charge to come up with 20-points that would help to get Nigeria out of the recession. In addition to this, the Senate came up with 11 priority bills that would help create over seven million jobs across the country and reduce poverty by double digits
The NNPC said this in a statement in Abuja by the corporation’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu, on Monday
He said the passage of the bill in tranches was necessitated by the need to unbundle its contents into manageable compartments that could be implemented in phases
Consequently, the House, in furtherance of its commitment to ensure the passage of an appropriate legal framework for the management and development of the Petroleum Industry in Nigeria, has proposed a National Stakeholders Workshop on Petroleum Industry Reform to hold from June 13 to 15, 2016 at the International Conference Centre, Abuja
According to a report obtained from Reuters on Monday, the Federal Government is breaking up the PIB and is replacing it first with a law to overhaul the petroleum sector with the aim of closing loopholes that bred corruption
He urged senators not to politicise issues relating to petroleum products production and supply as they affected the live of every Nigerian.
Dogara, who said investment decisions in the petroleum sector could no longer wait, added that it was important for Buhari, as supervising Minister of Petroleum, to transmit the bill as soon as possible
Indication emerged on Monday that Senate is set to accelerate consideration of President Jonathan’s $1 billion request to fight insurgency in the North East.
However, the lawmakers unanimously adopted the recommendations, which directed NNPC to remit $927 million into the Federation Account as recommended in the report
Owing to this development, the Makarfi-led committee recommended that the fuel subsidy regime should be discontinued
In a statement issued his Special Adviser on Media Uche Anichukwu, Ekweremadu noted that the Senate was mindful of the benefits of the PIB to Nigerians and the petroleum sector