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Giving Life to PIB


After over 13 years of failed attempts, the Ninth National Assembly has finally passed the long awaited Petroleum Industry Bill, report Deji Elumoye and Udora Orizu Report
Nigeria, for about one and half decades, has been on a journey with the Petroleum Industry Bill (PIB), with a lot of anticipation and promises, which failed overtime in previous National Assemblies. However, two years into the Ninth Assembly, the two chambers at plenary on July 1, passed the Bill for third reading after duly adopting all the 318 clauses as recommended by the Committee on PIB after some amendments. With this latest development, it seems the Ninth Assembly is set to make history, if the PIB is eventually assented to by President Muhammadu Buhari. ....

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PIB: Contentious bill of many interests


Punch Newspapers
Sections
Published 14 February 2021
The President of the Senate, Ahmad Lawan, and the Speaker of the House of Representatives, Femi Gbajabiamila, have assured Nigerians that the 9th National Assembly will pass the Petroleum Industry Bill in the second quarter of this year but the reality on the ground indicates that it may not be as easy as they think, SUNDAY ABORISADE reports
For the umpteenth time, the Petroleum Industry Bill found its way again to the National Assembly, when the President, Major General Muhammadu Buhari, on September 29, 2020, transmitted the proposed legislation to the nation’s Parliament.
Pronto, the House of Representatives set up an ad hoc committee to consider it while the Senate asked its committees on petroleum (upstream, downstream and gas) to handle the process. ....

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PIB: Host Communities in free-for-all at Reps' public hearing over leadership (Updated)


…fracas was about 10 per cent equity shares- Tamaranebi
…Bill may cut off monthly revenue flow to the Federation Account-Finance Minister, RMAFC
By Levinus Nwabughiogu-Abuja
Room 028, the venue of the public hearing on the Petroleum Industry Bill, PIB was thrown into pandemonium on Thursday following a fight by some members of the host communities of crude oil reserves in the Niger Delta.
The people had gathered from the different parts of the oil-producing communities with a greater number from the core Niger Delta States to make presentations on the bill.
The public hearing began on Wednesday with major stakeholders making their presentations. ....

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