The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas. Sylva made this known at a National Assembly Public Hearing organised by the Joint Committee on Gas Resources, Petroleum Resources, Upstream and Downstream, on Monday, in Abuja. The hearing was on the topic: “Inclusion of Gas Terms in Production Sharing Contracts by the Nigerian National Petroleum Corporation (NNPC).” He said that issues on gas terms was not captured under the PSC especially with the commercial aspect. “Issues on gas terms was not captured in the PSC because at the time, the offshore was just a frontier territory, today, it is no longer frontier, it is a...
The Minister of Water Resources, Mr Suleiman Adamu, has said that Nigerians are being misinformed about the Water Resources Control Bill. The minister made the statement while interfacing with the House of Representatives Committee on Water Resources in Abuja, following the public outcry that trailed the passage of the bill. Newsmen recall that sequel to a motion of personal explanation by Rep. Benjamin Mzondu (PDP-Benue) the house withdrew the bill which had already been passed on the grounds that it was not gazetted. The minister recalled that the bill was presented in the 8th Assembly and there was a two-day public hearing with Rep. Aliyu Ahman-Pategi as chairman. According to him, there was no issue at all until some unpatriotic Nigerians gave bad and dangerous colouration, and tried t...
Akwa Ibom governent has enacted a law to establish the state’s official symbols and other other related matters just it’s celebrates the 33rd anniversary of its creation. The “Bill for a Law to Establish the State Official Symbols and other matters connected therewith” was passed into law on Tuesday by the state house of assembly. It had at Plenary on Thursday, September 17, 2020, scaled its first and second readings and was committed to the Committee on Information for scrutiny. Presenting the report at Plenary on Tuesday, Chairman of the Committee, Mr. Aniefiok Dennis, noted that the general principle of the Bill was sufficiently indicative that the Bill when passed into law, will entrench pride, hope and dignity in the state and also foster unity among the people. Subsequently, the Hous...