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Senate’s Passage Of PIGB Excites N’ Deltans …As Saraki Announces Passage Of 201 Bills In Three Years

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Stakeholders in the Niger Delta have expressed gratitude to the Senate for the passage of the much-awaited Petroleum Industry Governance Bill (PIGB), with approval of five per cent levy on fuel sold across the country.
The stakeholders, who spoke with The Tide, in Port Harcourt, yesterday, said that the passage of the bill by the Senate, last Wednesday, was a welcome development, more than 14 years after the bill was introduced in the National Assembly.
They argued that the bill, if assented into law, would enhance economic revitalisation of the region, and boost revenue inflow across all oil producing states in the region, while at the same time curbing youth restiveness and unemployment.
It would be recalled that the passage of the bill was sequel to unanimous adoption of the report on the Bill presented by Chairman, Senate Committee on Petroleum (Upstream), Senator Tayo Alasoadura by the lawmakers at plenary, last Wednesday.
The Bill is the culmination of several years of efforts at reforming the oil and gas industry.
The process began under former President Olusegun Obasanjo in 2000, with the establishment of Oil and Gas Implementation Committee (OGIC).
“OGIC issued a report and policy document, which was later approved by the Late Musa Yar’ Adua’s administration and resulted in the Petroleum Industry Bill being forwarded to the 6th National Assembly.”
The Bill went through several redrafts, including a wholesale amendment by the Executive arm of government, but it ultimately failed to be passed during the 6th National Assembly.
In the aftermath of the fuel subsidy protests in January, 2012, the then Minister of Petroleum Resources, Mrs Deziani Alison-Madueke announced the establishment of a technical committee to harmonise the various versions of the draft bill.
The PIGB as passed seeks to provide for the governance and institutional framework for the petroleum industry.
Specifically, the PIGB seeks to unbundle the Nigerian National Petroleum Corporation (NNPC), provide for the establishment of Federal Ministry of Petroleum Incorporated and Nigerian Petroleum Regulatory Commission.
Others are Nigerian Petroleum Assets Management Company and National Petroleum Company and Petroleum Equalisation Fund.
The regulatory bill bulkanises NNPC and creates the National Petroleum Commission.
It scraps the Department of Petroleum Resources (DPR) and the Petroleum Products Pricing Regulatory Agency (PPPRA) and establishes the Nigeria Petroleum Regulatory Commission which will take over the functions of the three agencies.
It also empowers the body to issue licenses, permits or authorisations for downstream gas, petroleum products, storage depots, retail outlets, transportation and distribution facilities for the industry.
The five per cent fuel levy will be used to finance the Petroleum Equalisation Fund (PEF) as established in the bill.
This followed consideration and adoption of the conference committee report on the PIGB at plenary.
Section 36 (1) (a) of the Bill provides that “there shall be established the Petroleum Equalisation Fund into which shall be paid all monies payable to the Equalisation Fund by way of a five per cent fuel levy.
“This is in respect of all fuel sold and distributed within the Federation which shall be charged subject to the approval of the Minister (of Petroleum)”.
Other sources of funding PEF, according to the Bill, include subventions, fees and charges for services rendered as well as net surplus revenue recovered from petroleum products marketing companies.
The Bill says Equalisation Fund shall collect all revenues and levies charged, determine the net surplus revenue recoverable from any oil marketing company.
“Determine the amount of reimbursement due to any oil marketing company for purposes of equalisation of price of products among others.’’
Speaking after the bill was passed, President of the Senate, Dr Bukola Saraki, urged President Muhammadu Buhari to sign the bill.
“I hope with this, we will get the assent of the President and hopefully open a new page for the petroleum industry,” he said.
Meanwhile, the President of the Senate Dr Bukola Saraki took to his twitter handle @BukolaSaraki announced yesterday that the Senate has passed a total of 201 bills in three years and congratulate his colleagues for a job well done.
Saraki expressed optimism that in the 15 months that were left, the senate would pass more bills that will affect the lives of Nigerians.
“As of today, the Senate has passed 201 Bills. We still have 15 months to go, yet, we have reached this milestone. I would like to thank my Distinguished Colleagues for their hard work and cooperation over the last 33 months.
As of today, the Senate has passed 201 Bills. We still have 15 months to go, yet, we have reached this milestone.
I would like to thank my Distinguished Colleagues for their hard work and cooperation over the last 33 months, Saraki said.

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RSG Commits To Workers’ Welfare …. Calls For Sustained Govt, Labour Partnership

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The Administrator of Rivers State, Retired Vice Admiral Ibok-Ete Ekwe Ibas, has assured the commitment of Rivers State government to workers’s welfare and industrial harmony in Rivers State.

The Sole Administrator gave the assurance after meeting with leadership of organized labour unions at the Government House, Port Harcourt on Wednesday.

Ibas reaffirmed government’s policy of prompt payment of salaries and pensions to workers and retirees, stating that all local government employees are not receiving the approved minimum wage.

He disclosed that approval has been given for payment of newly employed staff at Rivers State University Teaching Hospital and the Judiciary, while medical workers in Local Government Areas will now receive correct wages.

Ibas explained that, Government is reviewing implementation challenges of the Contributory Pension Scheme ahead of the July 2025 deadline, adding that Intervention buses have been reintroduced to ease workers’ transportation ,with plans to expand the fleet.

He said specialized leadership training for top civil servants will commence within two weeks, while due consideration is being given to implementing the N32,000 consequential adjustment for pensioners and clearing outstanding gratuities.

Ibas commended Rivers State workers for their dedication to service and called for sustained partnership with labour unions to maintain industrial peace.

“This administration recognizes workers as critical partners in development. We remain committed to addressing your legitimate concerns within available resources,” he stated.

The State NLC Chairman, Comrade Alex Agwanwor, thanked the Administrator for the steps taken so far with regard to workers welfare while appreciating his disposition towards alleviating the transportation problem faced by workers.

He also expressed appreciation for the government’s openness to dialogue and pledged continued cooperation towards achieving mutual goals.

The Rivers State Government assured all workers of its unwavering commitment to their welfare and called for continued dedication to service delivery for the collective progress of our dear State.

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Labour Unions In Rivers Call For Improved Standard Living For Workers

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The Nigeria Labour Congress (NLC), Rivers Council, has called for policies that will improve the economic situation of the country in order to ensure enhanced living standard for workers.

The State Chairman, Mr Alex Agwanwor, made the remark on behalf of the unions affiliated to Labour Congress during the 2025 workers day celebration in Port Harcourt, yesterday.

Agwanwor highlighted the demands of the Unions which included the immediate payment of pension arrears, implementation of the N32,000 minimum wage for pensioners, and payment of gratuities and death benefits without further delay.

“We are calling for the regulation and protection of e-hailing drivers, implementation of increments and promotions, and resolution of long-standing issues in the polytechnic sector,” he said.

Agwanwor on behalf of the unions appealed to President Bola Tinubu to reinstate the democratically elected Governor, Deputy Governor, and members of the Rivers State House of Assembly.

He stressed the importance of democratic governance and good working relationship with elected representatives.

According to him, the unions expressed disappointment over the imposition of taxes, increase in electricity tariff, and high cost of goods and services, which have further worsened the plight of workers.

“We urge the federal government to take measures to alleviate the suffering of citizens,” he said.

 

 

 

 

 

 

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Tinubu committed to unlocking Nigeria’s potential – Shettima

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Vice-President Kashim Shettima says President Bola Tinubu is committed to unlocking Nigeria’s full potential and position the country as a leading force on the African continent.

Shettima stated this when he hosted a  delegation from the Hertie School of Governance, Berlin, led by its Senior Fellow, Dr Rolf Alter, at the Presidential Villa in Abuja last Wednesday.

He said Nigeria was actively seeking expertise from the global best institutions to enhance policy formulation and implementation, particularly in human capital development.

The Vice-President noted that President Tinubu was determined to elevate Nigeria to its rightful position as a leading force in Africa.

“The current crop of leadership in Nigeria under President Bola Ahmed Tinubu is ready and willing to unleash the full potential of the Nigerian nation on the African continent.

” We are laying the groundwork through strategic reforms, and at the heart of it, is human capital development.”

He described the Hertie School as a valuable partner in the journey.

According to him, Hertie School of Governance, Berlin, has track record and institutional knowledge to add value to our policy formulation and delivery, especially in this disruptive age.

Shettima reiterated the government’s priority on upskilling Nigerians, saying ” skills are very important, and with our Human Capital Development (HCD) 2.0 programme.

“We are in a position to unleash the full potential of the Nigerian people by enhancing their capital skills.”

The Vice-President acknowledged the vital support of international development partners in that effort.

” I want to thank the World Bank, the European Union, the Bill and Melinda Gates Foundation, and all our partners in that drive to add value to the Nigerian nation,” he maintained.

The Vice-President said human capital development was both an economic imperative and a social necessity.

Shettima assured the delegation of the government’s readiness to deepen cooperation.

” We need the skills and the capacity from your school. The world is now knowledge-driven.

“I wish to implore you to have a very warm and robust partnership with the government and people of Nigeria.”

Shettima further explained recent economic decisions of the government, including fuel subsidy removal and foreign exchange reforms.

“The removal of fuel subsidy, the unification of the exchange rate regime and the revolution in the energy sector are all painful processes, but at the end of the day, the Nigerian people will laugh last.

“President Tinubu is a very modern leader who is willing to take far-reaching, courageous decisions to reposition the Nigerian economy,” he added.

Earlier, Alter, congratulated the Tinubu administration for the successful launch and implementation of the Human Capital Development (HCD) strategy.

The group leader described the development as ambitious and targeted towards the improvement of the lives of the citizens.

He expressed satisfaction with the outcome of his engagements since arriving in the country.

He applauded the zeal, commitment, energy and goodwill observed among stakeholders in the implementation of Nigeria’s HCD programme.

Alter said the Hertie School of Governance would work closely with authorities in Nigeria across different levels to deliver programmes specifically designed to address the unique needs of the country.

He, however, stressed the need for government officials at different levels to be agile and amenable to the dynamics of the evolving world, particularly as Nigeria attempted to successfully accelerate its human capital development aspirations.

 

 

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