Tag: NNRC
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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…