Tag: 2019 BER
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PIB: A bad law is better than no law, says ex-Petroleum Minister
Mr Odein Ajumogobia, Chairman, Expert Advisory Panel, Nigeria Natural Resource Charter (NNRC), while decrying delay in passage of the Petroleum Industry Bill (PIB) has said a bad law is better as no law at all. TheNewsGuru.com (TNG) reports Ajumogobia, former Minister of State, Petroleum Resources stated this at the NNRC launch of 2019 Benchmark Exercise…
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‘13% derivation has not translated into benefits for local communities’
Based on research, 13% derivation as contained in the Constitution of the Federal Republic of Nigeria has not translated into benefits for local communities in the Niger Delta, as there has been a key violation of the Global Memorandum of Understanding (GMoU). TheNewsGuru.com (TNG) reports this was part of findings reached in the 2019 benchmarking…
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Just In: We’ll pass PIB by June – Gbajabiamila
The Speaker of the House of Representatives, Femi Gbajabiamila has again vowed that the oldest Bill in the National Assembly (NASS), the Petroleum Industry Bill (PIB) will be passed by June, 2020. TheNewsGuru.com (TNG) reports Gbajabiamila made the vow on Thursday in his remarks at the Nigeria Natural Resource Charter (NNRC) launch of its flagship…