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Nigeria's Petroleum Industry Bill: Have The Indigenous Host Communities Been Shortchanged Once More?

Nigeria's Petroleum Industry Bill: Have The Indigenous Host Communities Been Shortchanged Once More?
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Campaign for Better Regulation through PIB

Undoubtedly, the nation’s oil sector requires regulatory, governance and fiscal legislation that would guide the exploration and exploitation of the nation’s hydrocarbon deposits in a profitable manner. Nume Ekeghe reports that to achieve this, the Minister of State for Petroleum, Timipre Sylva and others, especially host communities, have intensified the clamour for the Petroleum Industry Bill given the benefit it portends for Nigeria
The Petroleum Industry Bill (PIB), which is meant to regulate the entire sphere of the industry has struggled to see the light of day despite its introduction to the National Assembly over 16 years ago.
The clamour for this has persisted due to a number of factors including the agitations by the Niger Delta people for a fair deal in the mining of their mineral endowment often referred to as the Black Gold. ....

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PIB: RMAFC chairman tasks National Assembly on redistribution of 13% Derivation Fund

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Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Chief Elias Mba, has proposed the redistribution of revenue accruing into the 13 percent Derivation Fund Account by ceding 40% of the fund to Host Community Development Trust Fund in the proposed Petroleum Industry Bill (PIB) being considered by the Senate and House of Representatives.
In his paper presented to the Ad-hoc Committee on Petroleum Industry Bill (PIB), Chief Mba who frowned at the flagrant breach of the extant financial regulations observed that out of the total sum of N2.999 trillion accrued from mineral resources into the federation account, the sum of N389.418 billion was set aside as 13 percent Derivation disbursement to the oil and gas producing states for 2020 fiscal year. ....

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PIB: Rivers, host communities fault NNPC privatisation plan

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Leke Baiyewu, Abuja
The Government of Rivers State and communities in the Niger Delta region have criticised the proposal by the Federal Government to unbundle the Nigerian National Petroleum Corporation and privatise a part of it as well as oil assets without the approval of other tiers of government.
The state and the communities, in their separate written presentations to the House of Representatives on the Petroleum Industry Bill, stated that the proposal to eventually sell off a National Petroleum Company to be created from the NNPC requires a collective approval of all stakeholders.
According to them, the NNPC and petroleum assets belong to the federation and not the Federal Government alone. ....

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PIB: Persons with disabilities crave for 5% of oil projects, activities in N/Delta

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Home » News » PIB: Persons with disabilities crave for 5% of oil projects, activities in N/Delta
PIB: Persons with disabilities crave for 5% of oil projects, activities in N/Delta
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By Levinus Nwabughiogu-Abuja
Nigerians living with disabilities have asked the federal government to earmark 5 percent of oil projects and activities for their members in the Host Community Development Trust Fund prescribed in the Petroleum Industry Bill, PIB.
The Executive Director, Centre for Citizens with Disabilities (CCD), Mr. David Anyaele made the plea in a press release on the sideline of the public hearing on the bill at the House of Representatives in Abuja on Tuesday. ....

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