Tag: PIB
-
PIB: UPU commends National Assembly, canvases review of funding to host communities
The President-General of Urhobo Progress Union (UPU), Worldwide, Olorogun Moses Taiga, has commended the 9TH National Assembly for breaking the jinx trailing the Petroleum Industry Bill (PIB) by passing it into law, even as he called for an “objective and realistic review of funding for the host community trust fund.” Reacting to the passage of…
-
NEITI commends NASS on passage of PIB
The Nigeria Extractive Industries Transparency Initiative (NEITI) has welcomed with excitement, the bold step by both chambers of the National Assembly to pass the Petroleum Industry Bill (PIB). NEITI gave the commendation in a statement signed by Obiageli Onuorah its Head, Communications and Advocacy, in Abuja, on Thursday. She quoted the Executive Secretary of NEITI…
-
PIB: Untold story of how Reps were not given copies of report
…as Senators approve $500m for host communities annually ….Reps lament inability to actively participate By Emman Ovuakporie Many members of the House of Representatives were on Thursday denied from actively participating in the consideration and adoption of the Petroleum Industry Bill PIB as they were not given copies of the report. TheNewsGuru.com, (TNG) reliably gathered…
-
PIB: Host communities to receive $500m annually – Senate
Host communities will receive half a billion dollars annually, as funding from the three per cent approved for Host Communities Trust Fund in the Petroleum Industry Bill (PIB), the Senate has said. Chairman, Senate Committee on Petroleum Downstream, Sen. Mohammed Sabo said this when he briefed newsmen on Thursday shortly after the senate passed the…
-
PIB: Omo-Agege, Manager, Sekibo try in vain to persuade Senate to increase contributions to host communities
Efforts by the Deputy Senate President, Ovie Omo-Agege (APC, Delta Central) and other Niger Delta Senators to demand for an upward review of contributions by oil companies to host communities of the Niger Delta region on Thursday met a brick wall from lawmakers. TheNewsGuru.com (TNG) reports the Senate passed the Petroleum Industry Bill (PIB) during…
-
PIB: Reps adopt committee report, schedule bill for third reading and final passage
The House of Representatives on Thursday adopted the report on the Petroleum Industry Bill (PIB) for passage at the Committee of the Whole. The Executive bill, which sought to reform the oil and gas sector and ensure its governance met with best global standards, was presented by the Chairman of House Committee on PIB, Rep.…
-
![[BREAKING] PIB: Drama as Reps consider oldest Bill in Nigeria without contribution from members](https://thenewsguru.ng/wp-content/uploads/2021/05/Wase.jpg)
[BREAKING] PIB: Drama as Reps consider oldest Bill in Nigeria without contribution from members
By Emman Ovuakporie There was rumble in the House of Representatives on Thursday as the oldest Bill in Nigeria, the Petroleum Industry Bill, PIB is being considered for adoption without contribution by lawmakers. TheNewsGuru.com, (TNG) reports the consideration of PIB by the House of Representatives took a dramatic twist as lawmakers were denied the opportunity…
-
Senate commences consideration of PIB after committee report
The Petroleum Industry Bill (PIB) moved one step closer to becoming law after Senators on Thursday began to consider its provisions after a committee report. Senator Sabo Mohammed (Jigawa South-West) who chairs the Joint Committee on Petroleum (Downstream); Petroleum (Upstream) and Gas Resources presented the report of the committee. He said the PIB is designed…
-
![[TNG INTERVIEW] PIB: Inclusion of frontier states to be funded by FG will rubbish profit from crude oil sales – Rep Chinda](https://thenewsguru.ng/wp-content/uploads/2021/07/Rep-Chinda.jpg)
[TNG INTERVIEW] PIB: Inclusion of frontier states to be funded by FG will rubbish profit from crude oil sales – Rep Chinda
…says Bill has gained tribal and political colouration …but I will support it, it’s better than nothing …Nigeria belongs to us all we must be seen to give it our best …true federalism is the ultimate Rep Kingsley Ogundu Chinda is a lawyer and the leader of the House of Representatives Peoples Democratic Party PDP…
-
This PIB is an emotional one, but it’s better than nothing- Rep Chinda
By Emman Ovuakporie The Leader of the House of Representatives Peoples Democratic Party, PDP, Caucus, Rep Kingsley Chinda has said he would support the present Petroleum Industry Bill, PIB, as it’s better than nothing. TheNewsGuru.com, (TNG) reports Chinda noting that the present PIB as it’s is very faulty but it is better than nothing as…