BREAKING: Reps Pass Petroleum Industry Bill africanexaminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africanexaminer.com Daily Mail and Mail on Sunday newspapers.
In January, when representatives of oil-producing communities converged at the National Assembly for a public hearing on the controversial Petroleum Industry Bill (PIB), they turned the venue into a wrestling ring. The visitors from Niger Delta were in Abuja to clarify their interests in the bill and protest perceived injustice by the federal government and oil companies. Among their demands was a 10% equity shareholding in the oil companies operating in their communities. This was against the provision of the bill, which provides for the creation of Petroleum Host Communities Fund (PHCF) to grant the victimized people 2.5% of the oil companies’ actual operating expenditure for the preceding year.
Why aren’t Nigerians curious about the new PIB?
Petroleum Industry Bill (PIB)
Sun Apr 18 2021
In January, when representatives of oil-producing communities converged at the National Assembly for a public hearing on the controversial Petroleum Industry Bill (PIB), they turned the venue into a wrestling ring. The visitors from Niger Delta were in Abuja to clarify their interests in the bill and protest perceived injustice by the federal government and oil companies. Among their demands was a 10% equity shareholding in the oil companies operating in their communities. This was against the provision of the bill, which provides for the creation of Petroleum Host Communities Fund (PHCF) to grant the victimized people 2.5% of the oil companies’ actual operating expenditure for the preceding year.
Psychiatrien - Gefährlich krank wienerzeitung.at - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wienerzeitung.at Daily Mail and Mail on Sunday newspapers.
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Published 14 February 2021
The President of the Senate, Ahmad Lawan, and the Speaker of the House of Representatives, Femi Gbajabiamila, have assured Nigerians that the 9th National Assembly will pass the Petroleum Industry Bill in the second quarter of this year but the reality on the ground indicates that it may not be as easy as they think, SUNDAY ABORISADE reports
For the umpteenth time, the Petroleum Industry Bill found its way again to the National Assembly, when the President, Major General Muhammadu Buhari, on September 29, 2020, transmitted the proposed legislation to the nation’s Parliament.
Pronto, the House of Representatives set up an ad hoc committee to consider it while the Senate asked its committees on petroleum (upstream, downstream and gas) to handle the process.