Tag: PIB

See challenges in petroleum industry beyond northern issues, Engr. Sule tells Northern reps caucus

Emporium Reporters

Nasarawa State Governor, Engineer Abdullahi Sule, has urged members of the National Assembly, to see the challenges in the petroleum industry as beyond northern issues but as challenges confronting Nigeria as a whole. Engineer Sule made the call while delivering a speech at the 9th retreat of the House of Representatives Northern Caucus, on the Revised Petroleum Industry Bill (PIB), in Abuja, on Monday.. The governor, who spoke from his years of experience in the oil and gas sector, pointed out that, it’s important that the lawmakers, understand that issues…

PIB ‘ll change economic fortune of Nigeria – Senate President …. Says 9th Assembly will keep to target on Electoral amendment Bill

Emporium Reporters

President of the Senate, Ahmad Lawan on Thursday assured Nigerians that the Petroleum Industry Bill(PIB) which is before the National Assembly will change the fortune of the country by the time it becomes law. “The PIB is going to be a piece of legislation that in our estimation will change the economic fortune of Nigeria and of course improve the earnings by our businesses who are here and we want to attract many more investments into the oil and gas industry in Nigeria,” Lawan said. The Senate President spoke in…

PIB: Senate President pushes for reduced cost of crude oil production

Emporium Reporters

President of Senate, Ahmad Lawan has pushed for a cost reduction in the production of crude oil by International Oil Companies operating in Nigeria. According to Lawan, the new Petroleum Industry Bill presently before the National Assembly would accommodate provisions to ensure same when the bill is eventually considered and passed by the end of the first quarter this year. The Senate President made this known when a delegation of Oil Producers Trade Section (OPTS) paid a visit to his office at the National Assembly on Thursday. “The cost of…

PIB ‘ll ensure Nigerians benefit optimally from resources,says Senate President

Emporium Reporters

President of the Senate, Ahmad Lawan, has said that the Petroleum Industry Bill (PIB) presently before the National Assembly will ensure that Nigerians benefit optimally from crude oil production and sale of fossil fuel reserves. Lawan stated this on Monday while declaring open a 2-day public hearing on the bill by the National Assembly. According to the Senate President, the National Assembly in its consideration of the piece of legislation, would ensure that the bill when passed into law, guarantees improved revenue earnings for the country. Lawan said,“let me say…

Some forces working to frustrate PIB – Lawan

Emporium Reporters

President of the Senate, Ahmad Lawan, has said that there were forces within and outside the country working desperately to frustrate the consideration and passage of the Petroleum Industry Bill presently before the National Assembly. Lawan made this known in a speech delivered when members of the Senate Press Corps paid him a visit to mark the occasion of his 62nd birthday celebration in Abuja. “The PIB is like a demon. That PIB thing, there are people both inside and outside the country, who would work against it, but it…

PIB ‘ll strengthen Transparency In Nigeria’s Oil Sectors By Abdullahi Mahmud Gaya

Emporium Reporters

Before PIB was tabled before the National Assembly in 2007, Nigeria does not have a comprehensive law for the administration of the sector but has about 16 Petroleum Acts many of which overlapped in functions and responsibilities. Even though a splinter Bill named the Petroleum Industry Governance Bill (PIGB), which was passed in 2018 by the 8th National Assembly, failed to receive the prerequisite Assent of the President of Nigeria and thus could not become law. Contrary to all Nigerians expectations, the Bill in its wholesale form, has survived three…

NASS will be meticulous on PIB, says Lawan …as Senate adjourns till Nov 24

Emporium Reporters

President of the Senate, Ahmad Lawan, has said that the National Assembly will carry out meticulous work on the Petroleum Industry Bill presently before both chambers. Lawan stated this in his remarks after a bill for an Act to Provide Legal, Governance, Regulatory And Fiscal Framework for the Petroleum Industry, the Development of Host Communities passed second reading on the floor of the Senate on Tuesday. The Senate President while describing the PIB as one of the legacies to be left behind by the Ninth National Assembly, assured that the…

Lawan: N’Assembly begins consultation with Executive over PIB

Emporium Reporters

President of the Senate, Ahmad Ibrahim Lawan, on Wednesday, disclosed that the National Assembly has started consultation with the Executive arm of government on a new version of the Petroleum Industry Bill to be introduced in the ninth National Assembly. Lawan made the disclosure during a meeting with representatives of the International Monetary Fund (IMF) who paid a visit to his office at the National Assembly, Abuja. Representatives on the IMF delegation are: Amine Mati, Senior Resident Representative Mission Chief for Nigeria; Jesmine Raman; Zainab Mangga; Nanrup Ibrahim; Osana Odonye;…

Security, PIB, Electoral Reforms topmost agenda in Senate – Lawan …says Constitution Review Committee to be set up soon

Emporium Reporters

President of the Senate, Ahmad Lawan, said on Monday that issues of security in the country, Petroleum Industry Bill (PIB) and electoral reforms are topmost on the agenda of the Senate as the upper chamber reconvenes on Tuesday. Lawan said the heightening spate of insecurity was of growing concern that required the collective effort of the Executive and Legislature, alongside all tiers of government at the State and Local levels. The Senate President stated this while fielding questions from members of the Senate Press Corps who paid him a visit…

PIB: How 9th National Assembly will break the jinx – Lawan

Emporium Reporters

President of the Senate, Ahmad Lawan, has said the Ninth National Assembly will do things differently to break the jinx with the passage of the Petroleum Industry Bill (PIB) next year. The upper chamber, according to Lawan, will as a matter of urgency prioritize the consideration of the Petroleum Industry Bill alongside reforms of the Electoral Act when it returns from the Christmas break in January. The Senate President made this disclosure at a media briefing of Editors, Bureau Chiefs and members of the Senate Press Corps on Monday in…