Tag: PIB
-
Marginal oil fields: Another goldmine ebbing away
By Kolade Omotoso For so long as Nigeria had crude oil as the mainstay of her economy, how well has it served Nigeria since discovery? Not so well as corruption and sabotage have seen the country and its citizens wallowing in abject poverty, infrastructural deficit and wanton corruption. In a bid to harness the full…
-
Association tasks oil, gas stakeholders on passage of PIB
The Petroleum Technology Association of Nigeria (PETAN) has called on stakeholders in the oil and gas sector to work together to ensure the passage of the Petroleum Industry Bill (PIB). Mr Nicholas Odinuwe, President of the association made the call on Wednesday in a goodwill message to the ongoing Virtual Nigeria Energy Industry Transformation Summit…
-
Timipre Sylva opens up on state of Petroleum Industry Bill
The Minister of State for Petroleum Resources, Timipre Sylva on Thursday spoke on the much-awaited Petroleum Industry Bill (PIB), revealing that the Executive arm would be requesting the National Assembly (NASS) to specially reconvene to receive and begin deliberations on the regulatory framework. TheNewsGuru.com (TNG) reports Sylva made this known during a “Fiscal Regime Design,…
-
OPINION: Fate of the Niger Delta region: Why FG must act now or never
What does the future hold for the people of the Niger Delta region of Nigeria in the next 60 years? For critical observers, the future is bleak. But, how is this so when Nigeria has made over $1 trillion in oil revenues in the past 60 years? How did we get here? Since crude oil…
-
BREAKING: Buhari sends revised PIB to NASS
President Muhammadu Buhari has sent a revised edition of the long-awaited Petroleum Industry Bill (PIB) to the National Assembly (NASS). TheNewsGuru.com (TNG) reports a source at NASS who spoke under the condition of anonymity confirmed the development on Monday. Recall that the last time the PIB was debated by the NASS, during the first term…
-
Why NDDC continues to fail on its mandate – Experts
Experts in the Nigerian oil and gas sector have alluded reasons why the Niger Delta Development Commission (NDDC) has continued to fail on its mandate despite receiving massive funding. TheNewsGuru.com (TNG) reports the experts alluded the reasons on Friday during a Twitter conference with the theme ‘strategic reforms needed to transfer benefits to the Niger…
-
PIB suffers further setback as Senate proceeds on annual recess without Executive action
Senate President Ahmad Lawan on Wednesday announced the Nigerian Senate would be proceeding on its annual recess until September, leaving the Petroleum Industry Bill (PIB) to suffer further delay. TheNewsGuru.com (TNG) reports President Muhammadu Buhari had declined assent to a component of the bill passed by the National Assembly (NASS) with a promise to submit…
-
Nigeria petroleum industry in dire need of strategic reforms, says policy expert
The Program Coordinator of the Nigeria Natural Resource Charter, Tengi George-Ikoli has said the nation’s petroleum industry is in dire need of strategic reforms. TheNewsGuru.com (TNG) reports the NNRC Program Coordinator stated this on Saturday during a media conference hosted on Instagram Live by Dayo Ibitoye, a public policy expert. During the conference that was…
-
Fuel subsidy: FG urged to channel revenue to health sector
An expert in the oil and gas industry has urged the federal government to use the opportunity presented by the Coronavirus disease (COVID-19) crisis to remove fuel subsidy in real terms and channel the revenue to the health sector of the Nigerian economy. Faith Nwadishi, Director of Women in Extractives, who made the call during…
-
PIB may not sail through in June, but end of 2020 is sacrosanct – Hon Nwabuwa
…says delay to send executive Bill can’t stop PIB Hon Henry Ndochukwu Nwabuwa is a second timer in the House of Representatives, he is deputy chairman committee on Niger Delta Affairs, a versatile legislator, he represents Mbatoli/Ikeduru Federal Constituency of Imo State, in this chat with TheNewsguru(TNG) Regional Editor, Emman Ovuakporie, the vibrant Imo State…