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PIB: Enact law that'll give oil communities justice, Okowa tells NASS

PIB: Enact law that'll give oil communities justice, Okowa tells NASS
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PIB BILL: Oil producing communities deserve more than 2.5% equity shares — Mongono

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PIB BILL: Oil producing communities deserve more than 2.5% equity shares Mongono
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Festus Ahon, ASABA
THE Co-Chairman, National Assembly Joint Committee on Petroleum Industry Bill, PIB, Mr Muhammad Mongono, Tuesday, said oil-producing communities deserved more than 2.5% equity shares from revenues accruing from oil companies in the Niger Delta region.
Mongono stated this when the Delta State Deputy Governor, Mr Kingsley Otuaro took him and members of the committee on an oil degradation assessment visit to Benikrukru Community, Abiteye Flow Station OML 49 in Warri South-West Local Government Area of the State.
He said the Joint Committee was not averse to the demand by the Niger Delta region for increment in the contribution of 2.5 per cent of the Operating Expenditure (OPEX) of companies to five per cent. ....

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NASS joint committee assures speedy passage of PIB

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NASS joint committee assures speedy passage of PIB
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The Joint committees of the two chambers of the National Assembly (NASS) on Petroleum Industry Bill (PIB), have assured a speedy passage of the bill.
The joint committee made the assurance during a visit they made to the Kaduna Refining and Petrochemical Company (KRPC) on Monday in Kaduna.
During the tour, the Chairman of the Senate Committee on PIB, Sen. Sabo Nakudu, said the NASS was aware of its conditions and other refineries in Nigeria and are working tirelessly on the passage of the PIB. ....

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