Friday, January 22, 2021
We review what happened in Nigeria’s upstream petroleum sector during the previous year – a year that saw a new marginal field bid round, an oil price crash and the onset of a terrible global pandemic. We also consider what we can expect in 2021 and if this will be the year the Petroleum Industry Bill finally overhauls the sector.
What happened in legal matters?
Upon his re-election in 2019, President Buhari set out an ambitious plan to pass the Petroleum Industry Bill (PIB) by the end of 2020. He did not achieve that. However, progress was made: the PIB
passed its second reading in both the Senate and the House of Representatives in Nigeria in Q4 2020 and is now under committee review.
Friday, January 22, 2021
We review what happened in Nigeria’s upstream petroleum sector during the previous year – a year that saw a new marginal field bid round, an oil price crash and the onset of a terrible global pandemic. We also consider what we can expect in 2021 and if this will be the year the Petroleum Industry Bill finally overhauls the sector.
What happened in legal matters?
Upon his re-election in 2019, President Buhari set out an ambitious plan to pass the Petroleum Industry Bill (PIB) by the end of 2020. He did not achieve that. However, progress was made: the PIB
passed its second reading in both the Senate and the House of Representatives in Nigeria in Q4 2020 and is now under committee review.
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The Nigerian Oil and Gas Industry Content Development (Local
Content Act) 2010 was enacted to promote the indigeneous
participation in the Nigeria s oil and gas industry for the
purpose of improving the economic and social well being of those
engaged in operating in the oil and gas industry. The Act provides
for the development of Nigerian content in the Nigerian oil and gas
industry, Nigerian content plan, supervision, coordination,
monitoring, and implementation of the Nigerian content.
The Act stated the requirement of any company or organization
Peace Obi
For experts in human capital development and management, quality manpower remains the livewire of every establishment. In essence, the quality of manpower available to either a private or public corporation determines its productivity level as well as its survival. Invariably, no business can survive in the absence of competent and experienced employees who are rightly equipped to tackle the challenges of a changing world.
Interestingly, Africa’s ambition for industrialisation has seen the continent centre its development strategy on investment. In its drive to attract sector by sector investment, the continent has also shown considerable commitment in building capacity. Today, a lot of emphases is being laid on the need to develop more capacities so as to propel the continent’s self-sufficiency in manpower supply. This is especially as Nigeria and other African countries are confronted with the rising challenge of youth unemployment.
Average Price Per Litre Of Kerosene Increased In Nov – NBS thetidenewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetidenewsonline.com Daily Mail and Mail on Sunday newspapers.