Editorial

Pass PIB, Now

Published

5 years ago

October 16, 2020

On September 30, the Petroleum Industry Bill (PIB) scaled first reading in the Ninth Senate.
The bill is expected to return to the floor of the Senate next Tuesday for second reading and formal debate. And the first reading comes barely 48 hours after it was re-transmitted to the National Assembly by President Muhammadu Buhari in a letter read by the Senate President, at the resumption of plenary on September 29.
But this is not the first time that the PIB has gone through extensive legislative interrogation in the National Assembly.
Indeed, almost 20 years after it was first introduced on the floor of the National Assembly, the PIB has passed through several alterations and debates without success, leading to it being split into different pieces of legislation, and passage of the Petroleum Industry Governance Bill (PIGB), for the first time in May, 2017, and its concurrence by the House of Representatives, later that year.
Unfortunately, Buhari withheld assent on the PIGB in July, 2018. By a presidential communication of July 29, 2018, addressed to the Senate and House of Representatives, the President referred to constitutional and legal reasons why he declined assent.
The Tide recalls that the PIGB was articulated to establish a framework for the creation of commercially-oriented and profit-driven petroleum entities that ensure value addition and internalisation of the petroleum industry while promoting transparency and accountability in the administration of petroleum resources as well as fostering conducive business environment for industry operations.
The PIGB was the first tranche of the PIB, which includes the Upstream Petroleum Licence and Lease Administration, Downstream Oil and Gas Administration, and Petroleum Industry Fiscals, and Petroleum Revenue Management, including Petroleum Host Community Fund.
However, on November 4, 2019, Buhari signed the amended Deep Offshore Act 2019, being part of the PIB that incorporates the Production Sharing Contracts, designed to ensure Nigeria gets fair and equitable share of income from natural resources for the first time since 2003.
With the reintroduction of the PIB, which comprises the Petroleum Industry Fiscal Bill (PIFB), Petroleum Industry Administration Bill (PIAB), Petroleum Host and Impacted Communities Development Bill (PHICDB), and renewed optimism in the National Assembly on its passage, The Tide feels particularly glad that the push to perfect the deregulation of all streams in the oil and gas sector is gathering momentum.
This feeling is even more satisfying when we reckon that the new bill has, in addition to the upstream and downstream portfolios in the earlier one, the recognition that the midstream (pipeline) sector holds the key to accelerating the diversification and competitiveness of the industry for increased benefits for the nation’s economy. We charge the NASS to pass the urgent legislation simultaneously.
While The Tide agrees that the oil and gas companies must play pivotal roles in the development of host communities where they make fortunes for shareholders, it is surprising that the Buhari administration has surreptitiously reduced the statutory contributions of the oil and gas firms from the initial 10 per cent in the bill presented to the Eighth NASS to 2.5 per cent in the current bill, thereby denying the region huge chunk of money that would have helped transform communities and empower millions of people.
Even as we note the statutory three per cent contribution from the annual budgets of oil and gas companies to the Niger Delta Development Commission (NDDC) and the 13 per cent derivation paid to the nine oil-producing states from the federation accounts, we insist that the cumulative allocation of about 26 per cent from oil revenue for the development of the difficult region is not too much.
We, therefore, urge NASS members from the region to lobby for increase in the contributable funds to 10 per cent to promote peace, development and progress in the host communities.
Interestingly, the quick passage of the PIB will not only accelerate development through the infusion of more funds into host communities, boosting youth employment and peace in the region, but will serve as a comprehensive instrument for the diversification of the oil and gas sector and the country’s economy.
Indeed, the PIB, when passed and assented to, will bring about more inclusive development away from crude oil to other product lines and by-products, just as it ensures robust engagement between international oil companies (IOCs) and the government in the area of investment and modifications in the Joint Venture Partnerships (JVPs)/cash call obligations.
Besides, the PIB will engender activation and extension of indigenous participation and local content development, just and fair engagement of the oil producing communities and transparency/accountability in an industry that would be more efficient and effective with clear and separate roles for governance and regulatory institutions in the petroleum industry.
It is not in doubt that the delay in the passage of the PIB has been holding down lots of Final Investment Decisions (FIDs) and critical investments in the oil and gas sector. The Tide, therefore, urges the NASS members to fast-track the passage of the PIB to send the signal to the world that Nigeria is serious about an oil sector reform that provides a win-win landscape for all players in the industry. Time is of the essence. There is no better time than now, especially as oil is being found everywhere around the globe.
Of course, with oil production capacity declining by between 10 per cent and 15 per cent annually, and Nigeria struggling to maintain two million barrels per day production quota, it is imperative to speed up the passage of the PIB so that investors can begin to splash the desperately needed $10 billion capital expenditure (CAPEX) annually in the country. This will also help attract the required $20 billion to $30 billion CAPEX yearly to grow Nigeria’s target daily production of three million barrels per day, going forward.
The timely conclusion of this reform process would guarantee legislative certainty and clarity, which the industry needs now more than ever before.
No nation yearning for development will allow various unfavourable fiscal and regulatory frameworks to impede the take-off of an estimated $100 billion worth of projects awaiting FDIs in Nigeria’s oil and gas sector.
We insist that the opportunity cost of this unwarranted delay in terms of industry growth, infrastructure and value addition to the economy and job creation is too high, for the country to continue to toy with the passage of the bill.
We believe that this time around, the Ninth National Assembly will break the jinx and holistically pass the PIB. The lawmakers must know that struggling to pass a bill for 20 years is a shame and a betrayal of the trust their constituents have bestowed on them as representatives.

Editorial

Beyond Accessing Bonny By Road

Published

2 days ago

January 19, 2026

The Tide

The near completion of the Bonny-Bodo Road by the Federal Government is a remarkable and historic achievement that deserves national commendation. For decades, Bonny Island remained physically isolated from the rest of the state, with residents and businesses forced to rely solely on waterways. Today, that narrative has changed. The road is already in active use, and its immediate effect is evident in the drastic reduction in transportation costs, with local transport fares reported to have dropped by more than 40 per cent in some corridors.

As of December 2025, the 37.9-kilometre Bonny-Bodo Road, comprising 11 strategically engineered bridges, was temporarily opened for daily use between 7 am and 7 pm. The transformational and groundbreaking step has eased transit and marked the first-ever land connection between Bonny Island and other parts of the state. According to transport operators, average travel time has reduced from over two hours by water to less than one hour by road, a change that has immediate economic and social benefits for commuters and businesses alike.

It must be noted that the project spanned many years, surviving policy shifts, funding challenges, and technical hurdles. Its near completion is therefore a reflection of political will. Credit must be given to the Federal Government and particularly to the Rivers State Governor, Sir Siminalayi Fubara, under whose tenure the project has reached fruition. This commendable and steadfast leadership has ensured that a long-standing promise to the people is finally being honoured.

The Bonny-Bodo Road stands as a success story of a tripartite agreement involving the Federal Government, Nigeria LNG Limited as the primary funder, and Julius Berger Nigeria Plc as the constructor. The collaborative and strategic partnership demonstrates how public and private sector synergy can deliver complex infrastructure in difficult terrain. NLNG alone reportedly contributed over 60 per cent of the project funding, underscoring the value of corporate responsibility in national development.

For business owners, the newly constructed road offers a vital turning point. Many traders, investors, and service providers had avoided Bonny because of the risks associated with water travel, including accidents and piracy. With this new land route, access is now safer and more predictable. This liberating and empowering development is expected to stimulate commerce, increase market activity, and attract fresh investments into the area to strengthen the local economy.

The Petroleum Products Retail Outlet Owners Association of Nigeria has stated that the commissioning of the Bonny-Bodo Road will improve national energy logistics and likely lead to a reduction in the price of cooking gas. Nigeria currently spends billions of naira annually on inland water transport inefficiencies. The economically and logistically significant road could reduce distribution costs by up to 20 per cent, a benefit that would be felt directly by households across the country.

The road is expected to be fully commissioned in the first quarter of 2026, with 35 kilometres already reported as fully motorable. This progress reflects assuring and measurable commitment to timely delivery. When completed, the road will support heavy-duty vehicles, enhance supply chain reliability, and further cement Bonny’s role as a critical industrial and maritime hub in the Niger Delta.

This achievement also builds on earlier successes. Opobo has already been connected to land through deliberate government intervention. These efforts show that even the most challenging terrains can be conquered with planning and resolve. Such intentional and visionary actions are redefining infrastructure advancement in riverine areas that were once considered unreachable.

The Trans-Kalabari Road is similarly expected to be completed within the year, opening up vital aisles in the Kalabari axis to road transportation. Once operational, it is projected to serve over 500,000 residents directly. The expansive and inclusive approach to development ensures that growth is not concentrated in urban centres alone but spread across communities.

These projects represent an expanding legacy. By 2027, there will be numerous tangible gains to credit the current administration in Rivers State. Improved mobility, increased trade, and enhanced social cohesion are just a few. This forward-looking and progressive trajectory positions the state as a model for infrastructure-led development in Nigeria.

However, with increased road access comes new security considerations. While sea piracy on waterways may reduce, land-based security challenges could emerge. The government must anticipate and address these risks through effective policing and surveillance. A proactive and balanced security framework will be essential to protect lives and investments along the new highways.

There must also be firm determination to ensure that the road does not come with excessive encumbrances. Issues such as illegal tolling, unregulated settlements, and environmental degradation must be prevented. This disciplined and responsible management will preserve the long-term value of the infrastructure.

Beyond the communities already connected, the state government should extend its vision to other difficult terrains. Oceanic areas such as Kula, Abisse, Idama, Ke, and Bille, among others, should be prioritised. Connecting these communities by road would be equitable and transformative, ensuring that no part of the state is left behind in the march towards development.

If every part of Rivers is linked to land transportation, the blue economy will experience a major boost. Fisheries, tourism, marine services, and coastal trade could collectively contribute billions of naira annually to the state’s economy. This sustainable and wealth-generating potential makes further road expansion not just desirable but necessary.

Editorial

Time For GL 17 In Rivers

Published

1 week ago

January 12, 2026

The Tide

Rivers State is indeed fortunate to be led by Governor Siminalayi Fubara, whose remarkable and progressive disposition towards workers has distinguished him from his predecessors since the return to democracy in 1999. His approach to governance reflects empathy, balance and a genuine understanding of the civil service as the engine room of development.

Before his assumption of office, civil servants endured eight excruciating years under the immediate past administration of Chief Nyesom Wike, marked by painful stagnation and systematic neglect. Promotions were withheld, gratuities ignored, annual increments denied and employment processes shrouded in opacity, leaving workers demoralised and disillusioned.

Governor Fubara’s emergence, however, brought a decisive and restorative shift. Long overdue promotions were approved to cover lost years, gratuities were paid and continue to be honoured, while the once suspended Christmas bonus was revived after sixteen years, rekindling hope among public servants.

Even more commendable was the transparent employment process, particularly in the education sector, which injected fresh credibility and renewed confidence into government recruitment. These actions clearly signal a leader determined to rebuild trust between the state and its workforce.

In the same spirit of promoting workers’ welfare, it is both logical and timely to urge the governor to implement the Consolidated Grade Level 17 for civil servants in Rivers State. This call is reasonable and justified, given his proven commitment to labour-friendly reforms.

Grade Level 17 represents a modernised and inclusive salary structure where multiple allowances are consolidated into a single enhanced basic salary. This system simplifies remuneration, rewards seniority and aligns pay with responsibility and service delivery.

In states where this structure is operational, directors are rightly placed on Grade Level 17 rather than 16, ensuring equitable recognition and appropriate compensation. Rivers State should not remain an exception to a standard already accepted nationwide.

It is noteworthy that the Federal Government, many states and even local government councils across the country have implemented this policy. As a former civil servant himself, Governor Fubara possesses a personal and practical understanding of its value and necessity.

Rivers State occupies a strategic and influential position in the federation, economically and politically. Implementing Grade Level 17 would significantly boost morale, reinforce loyalty and inspire greater dedication among civil servants.

The argument that Rivers cannot afford this reform is untenable and unconvincing. It is unacceptable for a state with vast resources to trail behind others that are less financially endowed yet have successfully enforced the policy.

One clear advantage of implementing Grade Level 17 is improved motivation and productivity. A valued workforce is invariably a productive workforce, and fair remuneration directly translates into better service delivery.

Another benefit lies in the retention of experienced professionals who might otherwise seek opportunities elsewhere. Stability, continuity, and expertise are preserved when workers feel respected and adequately rewarded.

The reform would also strengthen institutional capacity and governance, creating a resilient and efficient civil service capable of supporting long-term development goals and policy implementation.

Furthermore, the enforcement of Grade Level 17 will promote a fairer and structured career progression system within the civil service. It will correct long-standing anomalies where officers retire without reaching their deserved peak, despite years of diligent service. Such a reform reassures workers that merit, experience, and dedication are ultimately rewarded.

This is not merely a financial adjustment but a moral and institutional statement about the value Rivers State places on its workforce. By approving Grade Level 17, Fubara will reaffirm his reputation as a compassionate leader and send a clear message that the welfare of civil servants remains central to his administration’s vision for sustainable governance.

Governor Fubara knows firsthand the harsh realities workers face as salaries struggle to meet basic needs. By the end of 2024, over twenty states had adopted the structure, with more joining, making Rivers’ delay increasingly indefensible.

If implemented, this policy will cement Fubara’s place in history as a visionary reformer whose legacy will endure. When the story of the Rivers State civil service is written, his name will be etched in gold, for it is fundamentally unfair for workers to stagnate endlessly on one grade level when a proven solution lies within reach.

Editorial

For A Prosperous 2026

Published

3 weeks ago

January 2, 2026

The Tide

As 2026 begins, Nigeria stands once again at a defining crossroads. The expectations of citizens are high, patience is thin, and the responsibility of leadership has never been more urgent. This year must not be another season of rhetoric; it must be a year of deliberate action that restores confidence in the country and renews hope among the people.

Foremost on the national agenda is security. From terrorism and banditry to kidnapping and communal violence, insecurity continues to erode lives, livelihoods, and national cohesion. Government must strengthen the current fight against insecurity by improving intelligence gathering, equipping security agencies adequately, boosting morale, and deepening cooperation among federal, state, and local authorities.

In this effort, continuous collaboration with strategic partners such as the United States remains crucial. Beyond military support, such partnerships should focus on intelligence sharing, counter-terrorism training, cyber security, and capacity building for law enforcement. Nigeria must leverage international alliances while retaining firm ownership of its security strategy.

Equally pressing is the ailing economy. Inflation, unemployment, and currency instability have placed enormous pressure on households and businesses. 2026 should be the year of hard economic choices—fiscal discipline, support for local production, targeted social protection, and policies that encourage investment, especially in agriculture, manufacturing, and technology.

Infrastructural development must also move from promise to performance. Roads, rail, power, ports, and digital infrastructure are not luxuries but foundations of growth. A clear focus on completing ongoing projects, rather than endlessly inaugurating new ones, will signal seriousness and deliver measurable benefits to citizens.

As the nation looks ahead, preparations for the 2027 general elections must begin now. Credible elections are central to democratic stability. Political actors should moderate their conduct, while citizens must be encouraged to engage peacefully and responsibly in the democratic process.

The Independent National Electoral Commission (INEC) has a special duty in this regard. Early preparations—logistics, voter education, technology upgrades, and staff training—are essential to avoid the familiar last-minute challenges. Transparency and consistency from INEC will go a long way in rebuilding public trust.

In Rivers State, 2026 carries its own weight of expectations. Immediate attention must be paid to preparations for the February bye-elections to fill two vacant seats in the State House of Assembly. INEC, political parties, security agencies, and community leaders must work together to ensure peaceful, credible polls free from intimidation and violence.

Beyond the bye-elections, the state must deliberately cultivate peace as it moves toward the 2027 elections. Rivers has paid a heavy price in the past for political tension and conflict. The lessons are clear: development cannot thrive in an atmosphere of perpetual crisis.

The resurging political crisis in the state must therefore be urgently contained. All stakeholders—across party lines—should put Rivers first, choosing dialogue over confrontation. Institutions must be respected, and the rule of law upheld, to prevent political disagreements from degenerating into instability.

Governor Siminalayi Fubara’s administration must remain focused and undistracted. Governance demands clarity of purpose. The people elected this government to deliver results, not to be consumed by endless political battles that divert energy from service delivery.

Security remains paramount at the state level as well. A secure Rivers State will attract investment, protect individuals and communities, and enable economic activity. Strengthening collaboration between state authorities, security agencies, and local communities should be a top priority in 2026.

Job creation, especially for young people, must also take centre stage. Education and healthcare require renewed investment, not just in infrastructure but in quality and access. A healthy, skilled population is the strongest asset any state can possess.

Ultimately, 2026 should be a year of reset for both Nigeria and Rivers State, a year when leaders choose responsibility over rivalry and vision over short-term gain. If security is strengthened, institutions are respected, and the welfare of citizens remains paramount, the foundations for a more stable and prosperous 2027 will have been firmly laid.

The media, civil society, and traditional institutions also have a crucial role to play in 2026. Agenda-setting must go beyond politics to issues of accountability, transparency, and civic responsibility. Citizens must be consistently informed, not inflamed; mobilised, not manipulated. A vigilant public space will help ensure that leaders at both national and state levels remain responsive to the people they serve.

History will judge 2026 by the choices made today. Nigeria and Rivers State cannot afford drift or distraction. What is required is steady leadership, collective responsibility, and an unwavering focus on peace, development, and democratic integrity. If these priorities guide action throughout the year, 2026 can become a turning point rather than another missed opportunity.