Category Archives: PIB

Treat PIB as a national budget — Nkem-Abonta

Hon. Uzoma Nkem-Abonta, a lawyer, is the Chairman, House of Representatives Committee on Public Petitions. He represents Ukwa East/West Federal Constituency of Abia State. In this interview he spoke on challenges facing the passage of the PIB and the way forward,excerpts… YOU were a member of the Sixth Assembly and you were also a member of […]

PIB in the eyes of Delta oil host communities

By Egufe Yafugborhi THE major concern of oil host communities is how to gain direct benefits on revenue from oil and gas production in their respective domains as guaranteed by the law. They have been asking for this through calls for constitutional amendments that will enable them to receive 13 per cent Derivation directly and […]

Intrigues, confusion over passage of 17 years old PIB

This is the second instalment of this report. The first part which was published yesterday, focused on the renewed vigour of the National Assembly towards passage of the PIB. THE report recommended creation of Frontier Oil Services Agency in sections 193 to 217 to step up exploration activities in various Frontier Acreages of  Nigeria’s oil […]

Passage of PIB will open up oil and gas sector – Kachikwu

By Akpokona Omafuaire, Warri WARRI – MINISTER for Petroleum (State), Dr Ibe Kachikwu on Saturday said that the passage of the modified Petroleum Industry Bill (PIB) will open up the oil and gas sector to new local and international Investors for competitive growth and development in line with international best practices. Ibe Kachikwu Kachikwu revealed […]

Host Community PIB, two others scale second reading

lSenate may include Kano, Kaduna, others in host community law lAs Senate adjourns till Sept 19 By Henry Umoru ABUJA—A BIll for an Act to provide framework relating to Petroleum Producing Host Community’s participation, known as the Petroleum Host Community Bill 2017, yesterday, scaled second reading in the Senate. The bill also has to do […]