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New definition of 'host community' in passed PIB, a day-break robbery –Rivers Rep, Dagogo


New definition of ‘host community’ in passed PIB, a day-break robbery –Rivers Rep, Dagogo
The Punch
Published 25 July 2021
Farah Dagogo is the lawmaker representing Degema/Bonny Federal Constituency of Rivers State at the House of Representatives. The Peoples Democratic Party member speaks with LEKE BAIYEWU on the Petroleum Industry Bill recently passed by the National Assembly and his bill seeking direct payment of 13 per cent derivation to host community
What
do you think was responsible for the long delay in the passage of the Petroleum Industry Bill by the National Assembly?
Let me first commend the members of the National Assembly for giving their voices to the PIB. You know that the PIB went through a voyage; the journey lasted for about 20 years. It was indeed a locomotive movement. The debate lasted this while because of interests. People wanted to satisfy their various interests. You are aware that the polity is the superstr ....

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PIB: North, Ogun's quests for oil get boost, exploration receives 30%


PIB: North, Ogun’s quests for oil get boost, exploration receives 30%
The Punch
Published 5 July 2021
The quests for oil in the North and other parts of the country, including Ogun and Anambra states, have received a huge boost in the recently passed Petroleum Industry Bill which will regulate the oil sector if signed by the President, Major General Muhammadu Buhari (retd.), findings have shown.
Currently, crude oil is obtained from eight states in the Niger Delta region which include: Abia, Akwa Ibom, Bayelsa, Delta, Edo, Imo, Ondo and Rivers states.
Based on Section 9 of the PIB, at least 30 per cent of the profit generated by the proposed Nigerian National Petroleum Company Limited will go to the exploration of oil in ‘frontier basins’. ....

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