Femi Gbajabiamila, the Speaker of the House of Representatives, said the move became necessary following planned removal of subsidy by the Federal Government on Wednesday in Abuja during the plenary.
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Lawan stated this on Tuesday in a speech delivered to welcome Senators back from the upper chamber’s two-month annual recess.
Kokori made the remark during an interview with the News Agency of Nigeria on Tuesday in Ilorin.
It also called on anti-graft agencies to identify, recover stolen revenues, arrest and prosecute all heads of agencies and ministries involved in the alleged unremitted internally generated revenue (IGR) in the country.
In his remarks at a ceremony on the signing of the PIA, which preceded the Federal Executive Council (FEC) meeting, the president said the stagnation affected the growth of the economy, citing lack of political will on the part of past administrations to actualize the needed transformation.
This was disclosed in a statement by the association that the thrust of the PIB to unbundle the Nigerian National Petroleum Corporation (NNPC) and commercialise its operations, disaggregate regulation from operatorship and accommodate diverse stakeholders especially host communities was transformative.
Director-General of NECA, Dr. Timothy Olawale, disclosed this in a statement on Tuesday, stating that government should create a platform of proactive and continuous engagement with the operators in the sector for a smooth implementation of the provisions of the Act
The party gave the advice in a statement by its National Publicity Secretary, Mr Kola Ologbondiyan, on Monday in Abuja in reaction to the signing of the Petroleum Industry Bill (PIB) into law by the president.
This was disclosed in a statement by the Special Adviser to the President, Femi Adesina on Monday.
The governor stated this while fielding questions from newsmen in Minna on Saturday.
The three per cent is however against 10 per cent demanded by the host communities and also the initial five per cent agreed to by the House of Representatives.
Gbajabiamila said it would be difficult for the house to deploy e-voting for such huge legislations.
The PIB Conference Report which was earlier listed for presentation and consideration was stepped down after the House resumed plenary at the end of an executive session.
The harmonised version of the PIB was submitted for consideration by the federal lawmakers on Thursday at plenary.
The approval followed a presentation of the Conference Report by Senate leader, Senator Abdullahi Yahahya.
The Bill was passed by the National Assembly on July 1 and is awaiting the assent of President Muhammadu Buhari.
The News Agency of Nigeria reports that the report on Oil and Gas was presented to the Media and Civil Society Organisations by George Abiye, Assistant Director, Oil and Gas, NEITI, on Tuesday in Lagos.
In a statement on Tuesday signed by its president, Comrade Quadri Olaleye, and secretary-general, Comrade Musa-Lawal Ozigi, the congress said the market should be left open if the government truly wants to be sincere in addressing the problem of the sector.
Nigeria lost 42.25 million barrels of crude oil valued at 2.77 billion dollars to oil theft in 2019, the Nigeria…
The conditionality is contained in the draft of the Petroleum Industry Bill passed by the Senate on July 1.