News
Delay In PIB Threatens $100bn Investments In N’Delta

L-R: Governor Babatunde Fashola of Lagos State, exchanging pleasantries with former Secretary-General of Commonwealth, Chief Emeka Anyaoku, former Deputy Governor of Lagos State, Alhaja Latefat Okunnu and former Minister of Commerce and Industry, Mrs Onikepo Akande, at the 7th Taxation Conference in Lagos, yesterday. Photo: NAN
The National Public Relations Officer of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Sheyi Gambo, yesterday said that non-passage of the Petroleum Industry Bill (PIB) posed serious challenges to investments in the sector.
Gambo said that the bill was yet to be passed 12 years after stakeholders’ arguments and counter-arguments over its importance.
He expressed regret that this was in spite of promises by some members of the National Assembly that the bill would be passed before the end of 2013.
According to him, non-passage of the bill was responsible for investors’ apathy in the oil and gas sector, a development that has led to the holding back of several billion dollars worth of investments expected in the economy through the oil industry.
Gambo said that the delay in passage of the bill was among several other uncertainties holding back most International Oil Companies (IOCs) planned investments of about $100 billion in offshore deepwater projects.
He said that some oil companies, which planned to invest in the oil and gas sector, would rather wait for stable and right conditions before they could commit their finances to any project.
Gambo lamented the continued loss of revenues and investments due to the delay in the passage of the PIB, crude oil theft, bunkering and insecurity, among others.
He said that the oil and gas industry might be slipping into the situation when it took Mexico about 50 years to recover from such challenges in its oil industry.
“I recall the Mexican story, it took the country 50 years to recover from that loss in oil production and my worry is that we are slipping into that.
“Even today, if we produce a modest of three million barrels per day and just assume a modest decline rate of 10 per cent that leaves us with 2.7mbpd.
“What this means is that for us to maintain that level of three million barrels per day, we must produce additional 300,000bpd.
Gambo said that non-passage of the bill was hurting indigenous oil servicing companies as this had led to few jobs for them, while many of them are contemplating sacking some of their staff.
He said that IOCs are holding onto investments because of the non-passage of the bill.
The Deputy Chairman, House Committee on PIB, Mr Samson Osagie, had said that the PIB, which has taken over 12 years to debate, would become a legal document before the end of 2013.
News
Former Petroleum Minister, Jibrin Aminu, Dies At 85
A former Minister of Petroleum, Prof Jibrin Aminu, has passed away at the age of 85.
Aminu died yesterday in his residence in Abuja.
Announcing his demise, Adamawa State Governor, Ahmadu Fintiri, expressed his condolences, describing the late Aminu as “a towering figure in Nigeria’s intellectual and political landscape.”
In a statement issued by his Chief Press Secretary, Humwashi Wonousikou, the governor said that the loss was monumental, not only for Adamawa State, but for the entire nation, which greatly benefited from the deceased’s wisdom, scholarship, and decades of patriotic service.
He said, “Aminu served Nigeria with rare distinction in a range of national assignments, including as Minister of Education and Minister of Petroleum and Mineral Resources.
He was the Nigerian Ambassador to the United States and Senator representing Adamawa Central.
“In each of these capacities, he embodied dignity, insight, and an unwavering commitment to national development.
“Nigeria has lost one of its finest minds, a devoted public servant and a distinguished son of Adamawa, Professor Jibrin Aminu was a rare breed of patriot and a silent reformer whose legacy spans education, diplomacy, and politics.
“His life’s work is an enduring gift to the nation, and his humility and wisdom will be sorely missed.”
He prayed that Almighty God forgive his shortcomings and grant him eternal rest.
He extended heartfelt condolences to the bereaved family, friends, and all Nigerians who were touched by Aminu’s extraordinary life.
“Though his passing leaves a void, his legacy remains a guiding light for generations to come.
“May his soul find peace in the mercy of Allah,” Fintiri concluded.
News
NARD Raises Alarm Over Exclusion From Specialist Allowance

The Nigerian Association of Resident Doctors (NARD), has decried the continued exclusion of its members from payment of specialist allowance despite performing specialist functions in various health institutions across the country.
It also condemned the persistent casualisation and poor remuneration of members by chief executives of tertiary hospitals.
The President of the association in Akwa Ibom State, Dr Osundara Tope, raised the concerns while addressing a press conference where he read the communique issued at the end of the May ordinary meeting and scientific conference with the theme: “The Medical Profession: Policies, Politics, and Future Prospects,” held in Uyo at the weekend.
The communique was signed by the association’s President, Dr Osundara Tope, Secretary-General, Dr. Odunbaku Kazeem Oluwasola, and Public and Social Secretary, Dr. Amobi Omoha, respectively.
“The OGM observed with disappointment the continued exclusion of resident doctors from the payment of specialist allowances, despite their active role in delivering specialist care across various health institutions.
“The OGM strongly condemns the continued and persistent casualisation and the consequent poor remuneration of doctors by the chief executives of tertiary hospitals .The meeting also expressed disappointment over the non-payment of arrears from the upward review of the CONMESS salary structure and other outstanding salary arrears,” the communique read.
The association condemned federal government’s failure to pay the 2024 Accouterments Allowance arrears and persistent shortchanging of its members for the past 16 years due to absence of consequential adjustments to the CONMESS structure, which it noted was a breach of the 2009 Collective Bargaining Agreement.
He further expressed disappointment over lack of response to multiple correspondences on the issue, emphasising that such contradicts the National Policy on Health Workforce, which advocates improved incentives to retaining healthcare workers.
According to Tope, “The OGM notes with concern the persistent short-changing of members for 16 years, due to the absence of consequential adjustments to the CONMESS structure, in breach of the 2009 Collective Bargaining Agreement.
“This contradicts the National Policy on Health Workforce, which advocates improved incentives to retaining healthcare workers.
“The OGM is dismayed at the lack of response to multiple correspondences sent over the past six months regarding the consequential adjustments.The OGM condemns the Federal Government’s failure to pay the 2024 Accoutrement Allowance arrears.”
The meeting further expressed displeasure over the delay in addressing welfare issues in Obafemi Awolowo University Teaching Hospital including the non-payment of outstanding March 2024 salaries, the 7–14 months of arrears still owed to Residents and Medical Officers of the association
It therefore demanded immediate payment of the arrears of the 25/35% upwardly revised CONMESS, and other salary arrears and full implementation of consequential adjustments to the 2019 and 2024 minimum wage on basic salaries and allowances, along with accrued arrears.
News
Piracy: Maritime Organisation Set To Deploy Men To Waterways

A maritime security outfit, Active Marine Surveillance and Coast Guard Limited, says it is ready to deploy its men to ensure security across waterways in Rivers State and Niger Delta.
The group which said this in an interview with newsmen in Port Harcourt also pledged to collaborate with the various security agencies to ensure safety on the state waterways.
Director General of the organisation, Commandant Godwin Amare, said the organisation cannot sit down and watch pirates take control of the waterways in Rivers State and the Niger Delta region.
He said his group is planning to deploy its men to the Bonny, Bille and Degema rivers to check the activities of pirates
According to him, allowing pirates to take control of these waterways will not only affect the economy of Rivers State but the entire Niger Delta region.
He said the paramilitary organisation has the manpower to check piracy on the waterways but required the support of both the federal and state governments especially in the provision of the necessary security equipment such as speed boats.
Amare said the organisation, which protects jetties and waterways from pirates is also involved in search and rescue operations ,adding that his organisation has competent divers who can undertake rescue operations, in deep waters.
“We cannot be sitting down here while our aims and objectives is not being fulfilled. “We want to tell the federal and state governments that we want to come out and join in the fight against sea piracy to make our waterways safe
“The Nigerian Navy cannot do it alone. We want to support the government by deploying our men across waterways in Rivers State and the Niger Delta so that it would be safer for people to travel on the waterways”, he said.
He said the government can assist the organisation by providing them with security boats and other instruments
Amare also disclosed plans by the organisation to embark on a tour of jetties across the region with a view to guaranteeing their safety.
Also speaking, Deputy Commandant, Active Marine Surveillance and Coast Guard Limited, Captain Dain Elekima, said all the creeks in the region need to be combed daily to flush out pirates.
He said his group has the required manpower but needs the support of both the state and federal governments to ensure safety on the waterways.
Speaking the director Finance and Operations Active Marine Surveillance and Coast Guard Limited Captain Emberro Michael said they are ready to work with the Nigerian Navy and Marine police to check all Incidences of insecurity along the waterways.
Captain Michael stressed the need for the federal and state governments to support the group.
By: John Bibor & Claire Julius
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