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Emmanuel Addeh
The Chairman, Rivers State Chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr. Joseph Obele, has said it was unfair for the Senate to have approved just three per cent funding for oil producing communities in the country.
In a statement, Obele argued that the long-awaited Petroleum Industry Bill (PIB) was not worth celebrating in the Niger Delta region. But, he stressed that overall, the PIB would usher in new investments and create a large volume of employment opportunities in the sector.
“The breaking news that the Senate has finally passed into law the long awaited PIB is a good news for the oil and gas sector and bad news for the people of the Niger Delta region.