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A New Dawn Awaits the Nigerian Petroleum Industry as the President Signs PIB 2020 Into Law | Dentons

A New Dawn Awaits the Nigerian Petroleum Industry as the President Signs PIB 2020 Into Law | Dentons
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.

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What you might not know about the PIB and funding

What you might not know about the PIB and funding
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Between the European Super League and Nigeria's PIB - By: Abubakar Adam Ibrahim

Between the European Super League and Nigeria’s PIB
By
‘May you live in interesting times,’ they say.
If there were a time this expression of questionable origin has manifested, it would be the last one week with all its attendant drama and hallmark happenings. There have been several exciting news events this week already. Idriss Deby, Chad’s longtime warrior ruler, was killed at the frontline defending his country; Derek Chauvin was convicted of the murder of George Floyd; and the regulars from Nigeria bandits overrunning a military facility in Niger State, bandits here, terrorist there and the Pantami revelation. ....

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Why aren't Nigerians curious about the new PIB?

In January, when representatives of oil-producing communities converged at the National Assembly for a public hearing on the controversial Petroleum Industry Bill (PIB), they turned the venue into a wrestling ring. The visitors from Niger Delta were in Abuja to clarify their interests in the bill and protest perceived injustice by the federal government and oil companies. Among their demands was a 10% equity shareholding in the oil companies operating in their communities. This was against the provision of the bill, which provides for the creation of Petroleum Host Communities Fund (PHCF) to grant the victimized people 2.5% of the oil companies’ actual operating expenditure for the preceding year. ....

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Why aren't Nigerians curious about the new PIB? - By: Gimba Kakanda

Why aren’t Nigerians curious about the new PIB?
Petroleum Industry Bill (PIB)
Sun Apr 18 2021
In January, when representatives of oil-producing communities converged at the National Assembly for a public hearing on the controversial Petroleum Industry Bill (PIB), they turned the venue into a wrestling ring. The visitors from Niger Delta were in Abuja to clarify their interests in the bill and protest perceived injustice by the federal government and oil companies. Among their demands was a 10% equity shareholding in the oil companies operating in their communities. This was against the provision of the bill, which provides for the creation of Petroleum Host Communities Fund (PHCF) to grant the victimized people 2.5% of the oil companies’ actual operating expenditure for the preceding year. ....

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