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Reps To Commence Consideration Of PIB Next Week

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Jnanthan-pib-DiezaniDeputy Speaker of the House of Representatives, Emeka Ihedioha, says the House will commence consideration of the Petroleum Industry Bill (PIB) next week.

Ihedioha, who presided over the plenary on Tuesday in Abuja, disclosed this to the lawmakers.

He said that copies of the report from the ad hoc committee on PIB were circulated to lawmakers for perusal.

It will be recalled that the Chairman of the Ad hoc Committee on PIB, Rep. Ishaku Bawa, (PDP-Taraba) submitted the report of the committee’s assignment to the House in March 2015.

The committee had scrutinised 363 sections and annexure of the original bill and made some amendments and recommendations.

The public hearings conducted by the 23-member ad hoc committee in all the geo-political zones provided opportunities for stakeholders to make their contributions to the bill.

The bill, which covered salient areas, is to ensure the establishment of the Petroleum Equalisation Fund and incorporation of National Gas Company.

Others are the establishment of Petroleum Directorate and National Asset Management Company as well as imposition of new tax regime such as Nigeria Carbon Tax.

The committee in its report recommended the removal of Section 191 of the bill, which gave the president discretionary powers to grant petroleum licenses.

However, the amendment recommended is proposing bidding process for the award of licenses.

Other amended areas include Section 174 which recommended that 30 per cent of Nigerian National Petroleum Corporation (NNPC) shares be sold through public offers at the Nigerian Stock Exchange (NSE).

It further amended Section 185, which proposed that 49 per cent of Nigerian Gas Company shares be sold through public offers at the stock exchange.

Under Section 116, the Petroleum Host Community Fund was created to benefit host communities of oil facilities and installations.

The committee retained environmental remediation funds under Section 203, which obligates petroleum investors to pay adequate compensation for the remediation of environmental damages.

Three conventional licensing systems, namely petroleum exploration license, petroleum prospecting license and petroleum mining leases were retained in sections 225 and 229.

The House of Representatives in Nov. 15, 2012 constituted the ad hoc committee on PIB with the mandate to look into the bill and make recommendations toward passing the bill.

The bill will provide legal, fiscal and regulatory framework for the development of the country’s oil and gas industry. (NAN)

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#EndSARS: Protesters Rain Curses On Me: Femi Adesina

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Why Buhari has travelled to the UK again - Femi Adesina
#EndSARS: Protesters Rain Curses On Me – Buhari’s Aide, Adesina

Femi Adesina

Special Adviser to President Muhammadu Buhari on Media and Publicity, Femi Adesina has revealed that he has been receiving curses from Nigerians through phone calls and text messages over a false report that he advised his principal to shun protesters.

Adesina stated in an article he wrote titled: “An Enemy of the People’ published on Thursday evening.

Also Read: #EndSARS: Nigerians Recount Their Horrible Ordeals In The Hands Of Thugs In Police Uniform

Adesina denied that he advised President Buhari for whatever reasons on the End SARS protesters, but said an online platform falsely accused him that he told Buhari to “ignore the protests and not give in to the demands of ‘Twitter warriors’.

He explained that his telephone numbers were posted on social media, thereby, making people reach out to him with curses.

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Sanwo-Olu Sends Condolence Message To Seyi Makinde Over Mother’s Death

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Governor Seyi Makinde confirms the killing of #EndSARS protester, Jimoh Isiaka in Ogbomosho, Oyo state
Sanwo-Olu Sends Condolence Message To Seyi Makinde Over Mother's Death

Seyi Makinde

Governor of Lagos State, Babajide Sanwo-Olu has sent a condolence message to Governor of Oyo State, Seyi Makinde over the passing away of his mother.

Recall that InformationNigeria earlier reported that Governor Makinde of Oyo State on Thursday lost his mother, Chief Abigail Makinde.

The governor’s mother passed on at age 81.

Also Read: Governor Seyi Makinde Loses 81-Yr-Old Mother

Reacting to the news, Sanwo-Olu prayed for the dead and consoled the bereaved via his official Twitter handle on Thursday. He wrote:

“I commiserate with Governor @seyiamakinde on the passing to eternal glory of his dear mother, Mrs Abigail Makinde.

While I extend my condolences to the Makinde family, I pray that God grants them the grace and courage to bear the loss. May mama’s soul rest eternally.”

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INEC Announces Date for 2023 Presidential Election

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INEC Announces Date for 2023 Presidential Election

INEC Announces Date for 2023 Presidential Election

The Independent National Electoral Commission (INEC) has disclosed that the 2023 presidential election will hold on February 18, 2023.

The Chairman of the Commission (INEC), Prof Mahmood Yakubu, made this known on Thursday while delivering his goodwill message at the inauguration of the special adhoc committee on the review of the 1999 constitution.

Yakubu told members of the House of Representatives there were about 855 days left before the next general election.

Also the Secretary to the Government of the Federation, Boss Mustapha, urged the committee to pick things they can get over with and avoid the ones that will stall the process and destabilize the system.

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