Niger Delta
Diri Canvasses Upward Review Of Derived Oil Revenue
Governor Douye Diri of Bayelsa State on Tuesday proposed that 10 per cent of derived oil revenue be provided in the Petroleum Industry Bill (PIB) for the host communities.
Mr Diri, in a statement by his Chief Press Secretary, Daniel Alabrah, said this on Tuesday during a townhall meeting on the bill with members of the National Assembly in Yenagoa.
The governor said the 2.5 per cent revenue proposed for the host communities in the PIB was grossly inadequate and unacceptable to the people of the Niger Delta.
He argued that if the National Assembly members saw firsthand the level of environmental degradation and its attendant effects on the people, they would not hesitate to increase it to10 per cent.
Mr Diri stressed that the PIB was critical in addressing issues such as unemployment, lack of transparency in the oil and gas sector, militarisation of oil production, skills acquisition and marginalisation of oil producing states.
“I restate our earlier submission that the 2.5 per cent proposed for the oil producing communities is grossly inadequate and unacceptable to us as a people.
“In our proposal to you, we asked for 10 per cent for the host communities.
“When you visit some of the sites where oil is being explored; that bring multi-million dollars to this country, you will even agree with me that we should increase it further from 10 per cent,” he said.
According to him, this PIB will cure the unemployment that the oil producing communities cry about.
“This bill will create jobs, accelerate skills acquisition and remove the opacity that we are seeing today in the oil and gas industry. The whole industry is shrouded somehow in secrecy,” Mr Diri said.
Niger Delta
Navy Pledges Improved Patrols, Welfare Boost For Personnel
Niger Delta
Delta Begins Uromi Junction Flyover Construction
Niger Delta
A’Ibom Rejects Ekid Ownership Claim Of Stubbs Creek
-
Rivers17 hours ago
Rivers Police Commissioner Condemns Vigilante Group Over Aluu Attack
-
Business17 hours ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Rivers17 hours ago
KALCCIMA Inaugurates New Executive Council … Pledges Renewed Drive For Kalabari Economic Growth
-
Business17 hours ago
Cashew Industry Can Generate $10bn Annually- Association
-
Politics18 hours ago
Bayelsa APC Endorses Tinubu For Second Term
-
Politics17 hours agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Politics18 hours ago
Datti Baba-Ahmed Reaffirms Loyalty To LP, Forecloses Joining ADC
-
Business16 hours ago
AFAN Unveils Plans To Boost Food Production In 2026
