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PIB: Contentious bill of many interests

Punch Newspapers
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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: Another crisis looms as host families present fresh demands

Punch Newspapers
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Sunday Aborisade
Members of the Ekpeye Oil and Gas Pipelines Host Families Association of Rivers State have presented before the National Assembly, separate demands, different from the 10 per cent operational cost being advocated by the Niger Delta host communities.
The host communities are demanding a 10 per cent operational cost from oil firms, a development that has remained a major contentious issue since the proposed law was introduced to the 6th National Assembly in September 2008.
The host communities started their demand when they asked for a 10 per cent net profit in the PIB in 2012.
They reduced it to five per cent of actual expenditure in 2018. ....

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