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Our season of bitter pills


Oil field
The last few weeks must go down as season of bitter pills that made some Nigerians holding certain ideological belief or agitating for one thing or the other to squint over the unpalatable news before them. In a way, the season was inaugurated by the arrest and extradition of Nnamdi Kanu, the leader of Indigenous People of Biafra (IPOB) which sends cold shivers down the spine of many of his adherents. Before one could say jack, news about the raid of Sunday Igboho’s residence that resulted to a bloody encounter and loss of lives gives you another sour taste. In the same pace and manner, the ruling government extends the bitter pills well beyond the secessionist wailers to resource control agitators of the oil producing communities in the Niger Delta. A region in the South South of the country where crude oil is explored, exploited, exported and earns the nation economic power in foreign currency. ....

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PIB immoral, draconian, host communities insist


Demand 10 % equity, fault 30% for frontier basins
Members of the Host Communities of Nigeria Producing Oil and Gas (HOSTCOM), yesterday, described the Petroleum Industry Bill (PIB) as passed by the National Assembly as “immoral and draconian.”
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The group, led by Chief Benjamin Tamaranebi, said if President Muhammadu Buhari signs the bill into law, the Niger Delta people would be deprived of their rights to participation and sustainable development of their region.
They stated this during a visit to elder statesman, Chief Edwin Clark, where they urged the National Assembly to revisit the draft PIB and amend it to uphold the 10 per cent equity shareholding as demand for transparency, accountability and sustainable development of the oil and gas industry. ....

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Bedeviling PIB with Obnoxious Provisions


Finally, the much-awaited Petroleum Industry Bill was passed by the two chambers of the National Assembly, recently. Of the 319 clauses and eight schedules that make up the bill, the ones concerning the host communities and the frontier development of oil have sparked national conversation, threatening to stir up a storm should reservations arising therefrom are not addressed before President Muhammadu Buhari’s assent. For them, giving three per cent, rather than the 10 per cent demanded, to host communities, stretching the definition to oil infrastructure transit communities and using other people’s oil profit to grope for oil in unlikely or impossible places, bring to remembrance some of the on-going open grazing controversy in the country. Chris Paul reports ....

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