Mr Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), is expected to brief the Senate on Thursday on technical aspects of the Petroleum Industry Bill (PIB) 2021. President of the Senate, Ahmad Lawan, disclosed this at Wednesday’s plenary. Lawan said the briefing was to educate senators on the technicalities and financial implications of certain provisions of the PIB. He said the briefing would take place behind closed doors and would last for about an hour. Lawan also said that Thursday’s plenary would be entirely devoted to the consideration of the report. “Before plenary tomorrow, the leadership of the Senate has decided to invite NNPC GMD to come and brief us in a closed session. “The opportunity is for those of us who are not members of the joint commi...
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas. Sylva made this known at a National Assembly Public Hearing organised by the Joint Committee on Gas Resources, Petroleum Resources, Upstream and Downstream, on Monday, in Abuja. The hearing was on the topic: “Inclusion of Gas Terms in Production Sharing Contracts by the Nigerian National Petroleum Corporation (NNPC).” He said that issues on gas terms was not captured under the PSC especially with the commercial aspect. “Issues on gas terms was not captured in the PSC because at the time, the offshore was just a frontier territory, today, it is no longer frontier, it is a...
Governor Okezie Ikpeazu of Abia State, has expressed concern that despite the long years of oil exploration in the state, there was nothing tangible people of oil-producing communities in the state have to show for it. Ikpeazu, while receiving the Senate and House of Representatives Joint Committee on Petroleum Industry Bill led by Senator Albert Bassey at Government House, Umuahia, said that Abia oil-producing communities have remained peaceful more than other oil-producing communities in the country, stressing that the peaceful disposition of the communities should serve as a model for the compensation of oil-producing communities. The governor lamented that the oil exploration and production companies who do business in Abia do not pay taxes to the state, but rather reside in neighbouri...
The Senate and the House of Representatives yesterday urged President Muhammadu Buhari to suspend the implementation of the plan to recruit 774,000 Nigerians for Special Public Works across the country. The position of both chambers of the National Assembly followed a sharp disagreement between the National Assembly Joint Committee on Labour, Employee and Productivity and the Minister for State for Labour and Employment, Festus Keyamo, SAN, over the modalities for appointing the 20-member Selection Committee for the programme. Keyamo who had appeared at an interactive session organized by the joint committee opposed a resolution of the Joint Committee to resolve into a closed door session. The Minister said he rejected the lawmakers decision to quiz him behind closed doors because of the n...