(AFRICAN EXAMINER) – Host communities will receive half a billion dollars annually, as funding from the three per cent approved for Host Communities Trust Fund in the Petroleum Industry Bill (PIB), the Senate has said.
Chairman, Senate Committee on Petroleum Downstream, Sen. Mohammed Sabo said this when he briefed newsmen on Thursday shortly after the senate passed the PIB.
Also speaking on the passage of the PIB bill, Sen. Babajide Omowarare, Senior Special Assistant to the President on National Assembly Matters (Senate), said the passage of the Bill by the Senate on Thursday is breaking of an age-long Jinx.
Omoware added that efforts by the Executive and Legislature in Nigeria to put in place contemporary legislative and legal framework in the oil and gas sector had proved abortive since the year 2000.
(AFRICAN EXAMINER) – President Muhammadu Buhari has postponed his scheduled trip to London, the United Kingdom (UK), for a medical follow-up visit. According to the President’s Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, the Presidency would subsequently announce a new date for the scheduled trip. His words: “The medical follow-up […]
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(AFRICAN EXAMINER) – The Minister of Transportation, Rotimi Amaechi is reportedly behind the sack row of the Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala-Usman, AFRICAN EXAMINER has learnt.
According to Persecondnews, the minister had sworn that Bala-Usman would not get a second term but was jolted when in January that the president approved her for a second term of five years in office, a development that did not go down with the minister.
It was also gathered that the minister was upset by the replacement of the NPA Board headed by Akin Ricketts, which he had inaugurated months earlier along with the President.