Tag: PIB
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#TNGPIBConfab: Dakuku reveals key factors needed to fully unlock potentials of PIB in Nigeria
The immediate past director-general of Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dakuku Peterside has listed two key factors needed to be accommodated in the Petroleum Industry Bill (PIB) to fully unlock gains of the petroleum sector in Nigeria. Dakuku who made the revelations yesterday at a one day colloquium organised by TheNewsGuru (TNG),…
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Amaechi, Keyamo, Abugu, Afejuku say PIB for Niger Delta should be beyond sharing of funds
At a time key players in the Niger Delta region are fixated on the passage, signing and implementation of the protracted Petroleum Industry Bill (PIB), with the hope that the proposed legislation will eliminate the decay in the region, Transportation Minister/former governor of Rivers State, HE, Rotimi Amaechi has urged lawmakers to put legislations in…
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#TNGPIBConfab: Don’t just urgently pass PIB, ensure it caters for Nigeria’s future, Pius Anyim tells lawmakers
Former Secretary to the Government of the Federation (SGF), Anyim Pius Anyim on Wednesday tasked lawmakers not to just pass the Petroleum Industry Bill (PIB) but ensure that the bill on a holistic approach caters for the general interest of Nigeria and Nigerians. TheNewsGuru.com, TNG reports that Anyim, a former lawmaker and Senate President said…
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PIB: South-South Governors demand 10% for host community trust fund
…want NDDC funds escrowed till Buhari reconstitutes board Governors of the South-South States demanded an upward review of the provision of 2.5 percent as Host Community Trust Fund in the Petroleum Industry Bill (PIB) to 10 percent in the best interest of oil communities and the nation. The governors have also advised President Mohammadu Buhari…
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UPDATED: House of Reps Chief Whip and PIB committee chairman, Monguno, to speak at #TNGPIBConfab
The Chief Whip of the House of Representatives, Hon Mohammed Monguno will on Wednesday showcase his vast legislative experience as he joins TNG/AITPIBConfab panel of discussants. Monguno who is also the House of Representatives Committee Chairman on Petroleum Industry Bill (PIB) will join other discussants in the second session of TNG/AITPIBConfab zoom confab entitled: ‘PIB:…
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Ayade: PIB must address delisting of Cross River as oil producing state
As the Joint Committee on Petroleum Industry Bill (PIB) tours the country for stakeholders’ inputs, Cross River State governor, Sir Ben Ayade, has tasked the National Assembly to handle related issues to the bill with circumspection to avoid contentions that are likely to trail its ultimate passage into law. Addressing the committee members led by…
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JUST IN: Gov Wike advocates 10% for host communities in PIB
Rivers State Governor Nyesom Ezenwo Wike has advocated not less than 10 percent fund allocation to host communities in the Petroleum Industry Bill (PIB) that is still before the National Assembly. Governor Wike said it is also necessary that the bill state in clear terms what specific development projects that the allocated fund should be…
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PIB: Nigeria remains best place to invest- Expert
Prof. Wumi Iledare, a Professor of Petroleum Economics, says Nigeria remains best investment destination with effective fiscal framework in the proposed Petroleum Industry Bill (PIB). Iledare disclosed this at an Education Series for Media on reforming the oil and gas sector in Nigeria, in Lagos, on Wednesday. He said that the proposed PIB remained a…
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PIB will address infrastructure deficit in oil producing areas – Sen. Akpan
Sen. Albert Akpan, the Chairman of Senate Committee on Petroleum Resources Upstream has said the Petroleum Industry Bill (PIB) will provide a framework for addressing infrastructure deficit in oil producing areas. Akpan said this on Wednesday when members of a team of the joint Committee on PIB of the National Assembly paid Gov. Okezie Ikpeazu…
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PIB: Gov Diri advocates 10 % for host communities
Gov. Douye Diri of Bayelsa on Tuesday proposed that 10 per cent be provided in the Petroleum Industry Bill (PIB) for the host communities. Diri, in a statement by his Chief Press Secretary, Mr Daniel Alabrah, said this on Tuesday at a town hall meeting on the bill with members of the National Assembly and…