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Ayade weeps, decries delisting of Cross River as oil-producing state

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Governor Ben Ayade of Cross River State wept as he decried the delisting of the state as an oil-producing state, canvassing that the Petroleum Industry Bill, PIB, must address the issue.
Ayade who betrayed emotion while receiving the National Assembly Joint Committee on Petroleum Industry Bill which was on a tour of the country for stakeholders’ inputs, urged the National Assembly to handle related issues to the bill with circumspection to avoid contentions that could likely trail the ultimate passage of the bill into law.
Addressing the committee members led by its Chairman, Senator Sabo Muhammed Nakuda, during a courtesy call at the Governor’s Lodge, Calabar, Governor Ayade said owing to its delicate and controversial nature, “the details of the PIB remains a subject for further analytical dissection.” ....

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New PIB should favour Abia, says Ikpeazu

New PIB should favour Abia, says Ikpeazu
guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.

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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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Oil industry losing investments to non-passage of PIB - Okowa

Delta Governor, Senator Dr. Ifeanyi Okowa (left) and the Chief Whip of the House of Representatives and Co- Chairman of the National Assembly joint committee Committee on PIB, Rt.Hon. Mohammed Tahir Monguno, during a courtesy call on the Governor in Government House, Asaba. Monday

Delta Governor, Senator (Dr) Ifeanyi Okowa, on Monday said Nigeria’s oil industry had lost substantial investments due to delay in the passage of Petroleum Industry Bill (PIB).
Okowa stated this when he received on courtesy visit, the Co-Chairman, National Assembly Joint Committee on Petroleum Industry Bill, Rt. Hon. Mohammed Monguno and members of the committee at Government House, Asaba. ....

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