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PIB: Gov Diri seeks resolution of ambiguity in provisions for host communities

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Gov. Douye Diri of Bayelsa
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Gov. Douye Diri of Bayelsa has called for clarity in the definition of host communities in the recently passed Petroleum Industry Bill (PIB) to avoid potential conflicts.

The bill, which was passed into law recently by the senate, is the first in a series of long awaited petroleum industry laws designed to reform the Nigerian oil and gas industry.

The PIB is an omnibus law, meant to regulate the entire sphere of the industry and repeal all current existing oil and gas legislation.

It struggled to see the light of day in spite of its introduction to the National Assembly over 16 years ago.

Diri, who spoke on a Channel’s Television breakfast current affairs programme  said that three per cent of oil revenue for host communities who suffered devastating effects of exploration and exploitation activities was grossly inadequate and called for an upward review.

He said that prior to Monday’s meeting of the southern states governors in Lagos, the states had been in consultation with relevant stakeholders on their position, which he said was a minimum of 10 per cent of oil revenue to oil producing communities.

According to him, it is unacceptable that a provision of 30 per cent profit of the Nigerian National Petroleum Corporation was inserted in the controversial bill for “frontier exploration” in areas that were not clearly specified.

Diri frowned at the definition of oil producing communities and host communities to include areas where pipelines were laid.

He called for a reversal of such proposal, saying it was a time bomb that if not properly addressed, could create avoidable crises.

The governor restated his commitment and that of his colleagues in the Southern Governors Forum to continuous dialogue to resolve issues that bordered on challenges faced by oil producing communities and states.

Responding to a question on open grazing, Diri described cattle rearing as a private business that the states had power to regulate, stressing that there was no going back on the ban of open grazing in Bayelsa, which he said was no longer sustainable.

 

 

 

He stated that the ban was in force in the state since he assented to the bill on March 11, 2021.

On the issue of the governors’ resolve that the president of the country should emerge from the South in 2023, he said although it was a political decision that required consultations and lobby, a president of Southern extraction in the next election would encourage peaceful coexistence.

“Governors did not wait until now to speak on the PIB. Speaking on behalf of my state, we had a position and it was made very clear during the public hearings.

“It is unthinkable and total injustice to allot three per cent to oil producing communities. We stated our position of 10 per cent.

“The definition of host communities or oil producing communities is also worrisome.

“Oil producing communities should not be where pipelines are laid. If the issue of what an oil producing community is, is not addressed, it is a time bomb that can explode.

“The issue of cattle grazing is a commercial, private activity. I do not see why we needed anybody’s opinion to regulate a private activity.

“We have a duty to protect our people. That is why we have state assemblies. In Bayelsa, it already came into effect since March 11, 2021. Open grazing is no longer sustainable. We need to stop it.

“On the issue of Southern presidency, the governors will have to engage in lobby.

“But it is only natural justice for the south to produce the president after President Buhari’s eight years. It is not constitutional but a gentleman’s agreement to encourage cohesion and peaceful coexistence,” Diri said.

Diri said although COVID-19 slowed things down globally, his administration had made appreciable progress in road and infrastructure development, urban renewal of the state capital, Yenagoa, as well as in ensuring peace, unity and reconciliation within the last 16 months of being in office.

He assured that his administration was committed to development of every sector of the state’s economy and called for support from Bayelsa people.

(NAN)

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Business & Economy

Kaduna refinery will begin production in December – NNPCL Boss, Kyari

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The Group Managing Director of the Nigerian National Petroleum Company Limited, NNPCL,Mele Kyari has disclosed that the refinery in Kaduna State will be ready for production by December 2024.

He disclosed this during a meeting with the Independent Petroleum Marketers Association of Nigeria and the Major Energy Marketers Association of Nigeria in Abuja.

He disclosed that operations at the Port Harcourt refinery are scheduled to begin in two weeks.

According to Kyari: “We did a mechanical completion of the (Port Harcourt) refinery, that was what we said in December. We now have crude oil already stocked in the refinery. We are doing regulatory compliance tests that must happen in every refinery before you start it, and I assure you that this Port Harcourt refinery will start in the next two weeks.

“Completing the mechanical work means that you are done with the rehabilitation work, now you have to test to see how it works. Of course, we have also completed the mechanical work on the Warri refinery.

“It is also undergoing regulatory compliance; processes that we are doing with our regulator, and this will soon be completed and it will be ready.

“The Kaduna refinery will be ready by December. We have not reached that stage in Kaduna, but we promise Kaduna will be delivered by December.”

 

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Edun Blames Economic Hardship On Free Printing Of Naira During Buhari’s Govt

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Minister of Finance, Wale Edun, stated this on Wednesday when he appeared before the Senate Committee on Finance chaired by Senator Sani Musa.

The Federal Government has disclosed that the free printing of naira notes for eight years, under the previous administration went into the hands of a privileged few, without corresponding productivity, resulting in the country’s current economic situation.

Minister of Finance, Wale Edun, stated this on Wednesday when he appeared before the Senate Committee on Finance chaired by Senator Sani Musa.

While elaborating on measures to revamp the economy, the Finance minister vowed to thoroughly audit the 22.7 trillion naira, and mop up the monies from the market and use it to pay the central bank to give the government a balanced book.

Responding to questions, the finance minister addressed the issue of waivers on customs duty running into trillions of naira, promising to overhaul the system, rejig it and implement a technology and payment system that would correct all anomalies in place.

He further disclosed that a total of 13 trillion naira was collected as non-oil revenue in 2023.

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Harsh Economy: FG To Begin Distribution Of Grains Nationwide 

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The Federal Government will begin the distribution of grains nationwide to cushion the impacts of the hardship in Nigeria.

Minister of Agriculture and Food Security Senator Abubakar Kyari disclosed this on Monday.

“Dear Fellow Nigerians,” he wrote on his official X handle. “In these trying times, I extend my sincere compassion to those affected by the hardships in the country. I understand the gravity of the situation, especially with the unfortunate event of foodstuff warehouse looting.

“Amidst these challenges, I want to assure you that our commitment to your well-being remains resolute. We shall commence the distribution of 42,000 metric tons of grains, as approved by Mr. President, across the 36 states of the federation as one of the programs to be rolled out this week.

“We are working hand in hand with NEMA and the DSS to ensure that the grains get to the right people in the right packages and quantities. Furthermore, 58,500 metric tons of milled rice from mega rice millers will also be released into the market for stabilization.”

The minister who hailed the resilience of the Nigerian people, urged them to back President Bola Tinubu’s government in its quest to address the challenges facing the country.

“I acknowledge the strength of the Nigerian people, and it is this resilience that will guide us through these difficult times. Let us stand together to support Mr. President in his strive for a better Nigeria,” Kyari said.

“Our government under the leadership of President Bola Ahmed Tinubu is committed to addressing these challenges and working towards a more secure and prosperous future for all.”

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