Business
Stakeholder Urges NASS To Pass PIB, Now
The Group Managing Director, Rainoil Nigeria Limited, Dr Gabriel Ogbechie, has advised the National Assembly (NASS) to expedite action on the passage of the Petroleum Industry Bill (PIB).
PIB is a bill to establish the legal and regulatory authorities for the Nigerian Petroleum Industry.
Ogbechie told newsmen in Lagos that the non-passage of the bill was making mockery of the industry and the country as a whole.
He said the country was losing billions of naira in terms of investment diversion to other African countries like Angola and Ghana.
“The industry definitely needs PIB to give it a framework for those of us who work in oil and gas industry.
“It is quite unfortunate that the bill has been with the National Assembly for more than 10 years but due to politics and vested interest, it has not been passed.
“I remember in early 2015, I told my people in the sector that the bill will not be passed, now two years after this administration the bill still remains with them.
“I will not be surprised if at the end of this administration the bill will still remain in the National Assembly.
“I do not know what is delaying the passage now that the bill has been broken into different segments.
“This bill is the hope of investment in the oil and gas sector, we appeal to our legislators to pass it”, he said.
Recall that on November 2, 2016, the PIB passed the second reading at the Senate and was referred to the committee on petroleum led by Tayo Alasoadura from Ondo Central, after it passed the second reading.
The committee was expected to perfect the legislative work on the first bill in the petroleum sector.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.