PIB
PIB: Rivers governor supports allocation of 10 per cent oil revenue to host communities
Rivers State Governor, Nyesom Ezenwo Wike, has advocated not less than 10 percent fund allocation to host communities in the Petroleum Industry Bill that is still before the National Assembly. Governor Wike said it is also necessary that the bill state in clear terms what specific development projects that the allocated fund should be spent on, so that development of host communities can be truly actualised. The governor gave the charge when the members of the National Assembly Committee on the Petroleum Industry Bill, visited him at Government House, Port Harcourt, on Thursday. Governor Wike stated that oil bearing communities have suffered the loss of their livelihood, good drinking water and their socio-cultural life disrupted because of the insensitivity of the International Oil compan...
Bayelsa governor: 2.5% revenue for host communities ‘unacceptable’ to Niger Delta
Gov. Douye Diri of Bayelsa on Tuesday proposed that 10 per cent of derived oil revenue be provided in the Petroleum Industry Bill (PIB) for the host communities. Mr Diri, in a statement by his Chief Press Secretary, Daniel Alabrah, said this on Tuesday during a townhall meeting on the bill with members of the National Assembly in Yenagoa. The governor said the 2.5 per cent revenue proposed for the host communities in the PIB was grossly inadequate and unacceptable to the people of the Niger Delta. He argued that if the National Assembly members saw firsthand the level of environmental degradation and its attendant effects on the people, they would not hesitate to increase it from 10 per cent. Mr Diri stressed that the PIB was critical in addressing issues such as unemployment, lack of tran...
DPR to upgrade downstream petroleum sector operations
File Photo The Department of Petroleum Resources, DPR, Tuesday, disclosed that it plans to upgrade operations in the downstream petroleum industry, leveraging on its ongoing automation process. In a statement in Abuja, Director/Chief Executive Officer of the DPR, Engineer Sarki Auwalu, stated that the upgrade would be to global standards and would be driven by its deployment of improved technology. Auwalu, who was speaking at a virtual meeting with members of the Major Oil Marketers Association of Nigeria, MOMAN, in Abuja, noted that the DPR was currently deploying appropriate technology to enhance value for operators and investors alike in the downstream sector . Specifically, Auwalu explained that the DPR had concluded plans to launch the Downstream Remote Monitoring Systems, DRMS, an in...
National Assembly to make smart card reader compulsory in future elections
File Photo The National Assembly plans to make the use of Smart Card Reader compulsory in future elections in Nigeria, a lawmaker has said. The Chairperson of the House Committee on Electoral Matters, Aishatu Dukku, said this at a Joint Public Hearing on “The Bill for an Act to repeal the Electoral Act 2010 (As Amended) and enact the Independent National Electoral Commission (INEC) Act, 2020″, on Wednesday in Abuja. The event was organised by the National Assembly Joint Committee on INEC and Electoral Matters. Ms Dukku said the amendment will affect about 300 clauses in the Act. ” In Section 49 of the Electoral Act 2010 under Use of Ballot Paper, Subsection (1) and (2) are to be amended to read: “A person intending to vote in an election shall present himself with his voter’s card to a pre...
No plans to Scrap NNPC in the PIB – minister
The Federal Government on Monday said that there are no plans to Scrap the Nigerian National Petroleum Corporation, NNPC in the Petroelum Industry Bill 2020 that has been transmitted to the National Assembly by President Muhammadu Buhari. Answering questions from Journalists in Abuja after an interactive meeting with the leadership of the National Assembly, Minister of State for Petroleum, Timipre Sylva, who allayed the fears of staff of the Corporation and Nigerians, said that the bill seeks for the commercialisation of NNPC and not outright scrapping. The meeting which was Presided over by the President of the Senate, Senator Ahmad Lawan, with the Speaker, House of Representatives, Femi Gbajabiamila, and other Leaders of the National Assembly in attendance is aimed at discussing the deta...
Senator Lawan: Nobody is above scrutiny of the National Assembly
President of the Senate, Ahmad Lawan, has said that nobody is above the scrutiny of the National Assembly. Lawan stated this in his closing remarks moments before the Upper Chamber adjourned plenary till September 15, 2020. Speaking on the gains of a harmonious working relationship between the Legislature and the Executive arm of Government, the Senate President advised appointees of the President against needless confrontation with the Committees of the National Assembly. According to him, engagements with Ministries, Departments and Agencies of Government by the Committees of the National Assembly are carried out to serve public interest and in accordance with the provisions of the 1999 Constitution as amended. “As for what has been happening recently, let me take this opportunity to adv...
Senator: NNPC’s audit report underscores readiness for transparency
Sen. Bassey Akpan, Chairman, Senate Committee on Petroleum Upstream, says the published Audited Financial Statement of the Nigerian National Petroleum Corporation (NNPC) is an indication of its readiness to ensure transparency in its operations. Akpan made this known while briefing newsmen in Abuja on Tuesday. “The recently published audited financial statement of the NNPC, also goes a long way to underscore the readiness of the new management under the GMD, Malam Mele Kyari, toward pursuing transparency, good governance and also accountability in the industry. “Nobody used to know what happens in the NNPC; but I think we are beginning to see results, and we can actually attest to the fact that this is in line with the new spirit. “I must commend President Muhammadu Buhari for the trust an...
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