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PIB: Passage Critical To Nigeria’s Economic Growth -Peterside
The Chairman House of Representatives Committee on Petroleum Resources Downstream, Hon. Dakuku Peter has said that the passage of the Petroleum Industry Bill, (PIB) is critical to leapfrogging Nigeria’s economy which is currently dependent on oil and gas resources.
Peterside spoke at a one-day interactive forum hosted by labour leaders in conjunction with Unite Consult Ltd.
The lawmaker made the statement in Abuja as guest speaker at the gathering which brought together labour leaders, stakeholders in the oil and gas sector and civil society groups.
Peterside gave the assurances in line with the commitment of the leadership of the House of Representatives that the PIB will be passed into law this year.
He gave extensive highlights of the PIB and explained its linkage to creation of employment, optimizing gas supplies for power generation, promoting transparency and openness in the administration of petroleum resources which will bring more money into the national coffers and stem corruption generally.
He pointed out that PIB, when passed, will generate confidence in the investment climate, create new regulatory institutions, unbundle and make viable the Nigerian National Petroleum Corporation, (NNPC) and establish a progressive fiscal regime that will encourage investment in small oil and gas fields.
Peterside admitted that there are contentious areas in the bill which is due to poor understanding by stakeholders but expressed optimism that all such areas will be amicably resolved.
He, therefore, charged stakeholders to strive to understand the issues contained in the PIB.
Also speaking, former president, Movement for the Survival of Ogoni People, (MOSOP) and chairman, Nigerian Extractive Industries Transparency Initiative, (NEITI) Ledum Mittee said the current proposal on Petroleum Host Communities Fund is not the best for oil bearing communities.
He proposed that the National Assembly should review it extensively with a view to addressing the gaps.
Mittee said there are many inconsistencies in the current bill before the National Assembly.
He admitted that the PIB is critical for national economic development but argued that it is better to pass a good bill that will address the main social problems it sets out to address rather than just passing any bill to please stakeholders.
He spoke against gas flaring, which he said, has had negative impact on the environment.
Vice President, Nigeria Labour Congress, (NLC) Comrade Isa Aremu moderated the session which was attended by over 200 labour leaders and civil society activists.
The Governor of Rivers State, Sir Siminalayi Fubara, has begun the celebration of Nigeria’s 65th Independence anniversary with a Juma’at service where prayers were offered for the progress of the state and Nigeria.
Governor Fubara, who advocated for peace and unity of Nigeria during the prayers on Friday at the Rivers State Central Mosque, Port Harcourt, indicated that without peace, the accelerated development of Nigeria will remain in a limbo.
Governor Fubara, who was represented by Alhaji Abdurrazaq Diepriye, therefore urged citizens to remain patriotic.
According to him, “Allah has brought us this far. Without peace, we can not have progress and economic development. I call on all citizens irrespective of creed or tribe to remain patriotic.”
He thanked President Bola Tinubu for restoring peace in Rivers State while also using the forum to appreciate security agencies for their relentless effort in upholding the peace and unity of Rivers State and Nigeria.
The Chief Imam of Rivers State Central Mosque, Imam Ibrahim Yaloo, admonished Moslem faithful to always speak the truth, adding that those who obey Allah will be directed to good deeds and their sins forgiven.
Prayers were offered for Rivers State and Nigeria.
Other activities to mark the 65th Independence anniversary in the state include an Inter-denominational Church Thanksgiving Service on Sunday, 28th September and Parade Ceremony on Wednesday, 1st October.
Vice-President Kashim Shettima departed New York on Sunday after representing President Bola Tinubu at the 80th session of the United Nations General Assembly.
In a statement released on Sunday by the VP media aide, Stanley Nkwocha, the Vice President is now headed to Germany, where he will hold strategic meetings with officials of Deutsche Bank.
The statement read, “Vice President Kashim Shettima has departed New York, United States, after successfully representing President Bola Ahmed Tinubu, GCFR, at the 80th Session of the United Nations General Assembly.
“During his participation at UNGA 80, VP Shettima secured UN Secretary-General António Guterres’ commendation for Nigeria’s bid for a permanent UN Security Council seat.
“He also showcased Nigeria’s $200 billion energy transition opportunity to global investors and strengthened strategic partnerships with the UK on trade, defence, and migration issues.”
Nkwocha added that the VP delivered Tinubu’s national statement, calling for UN reforms and a permanent seat for Nigeria at the UN Security Council, and “demanded Africa’s control over its $700 billion mineral wealth, and digital inclusion initiatives.”
“He also engaged with the Gates Foundation on healthcare and education expansion, positioning Nigeria as the natural hub for the African Continental Free Trade Area’s $3.4 trillion market.
“VP Shettima was seen off at John F. Kennedy International Airport, New York, by cabinet Ministers who were part of the UNGA 80 delegation and Nigerian Mission officials.”
The aide noted that Shettima will return to Nigeria immediately after his engagements in Germany.
The Tide source recalls that the VP departed Abuja, yesterday.
He led other Nigerian officials at the Assembly.
As part of Nigeria’s 65th Independence anniversary celebration, the Federal Government held a special thanksgiving service on Sunday at the National Ecumenical Centre in Abuja to offer prayers and give thanks for the nation.
The event drew top government officials and security chiefs, including Senate President Godswill Akpabio and Secretary to the Government of the Federation, George Akume, as well as their spouses.
Other notable guests included Finance Minister and Coordinating Minister of the Economy Wale Edun, former Plateau State Governor, Senator Simon Lalong, and the Chief of Defence Staff, General Christopher Musa, who led the service chiefs in attendance.
Service chiefs present included the Chief of Naval Staff, Vice-Admiral Emmanuel Ogala, Inspector-General of Police Kayode Egbetokun, Comptroller-General of the Nigerian Immigration Service, Mrs Kemi Nandap and Controller-General of the Nigerian Correctional Service, Sylvester Nwakuche, among others.00
The service came days after the government unveiled the official theme and some of the activities slated for the 2025 Independence celebrations.
This year’s anniversary is tagged “Nigeria @ 65: All Hands on Deck for a Greater Nation,” as announced by the Director of Information and Public Relations at the Office of the Secretary to the Government of the Federation, Segun Imohiosen, in a statement on Wednesday.
“As part of activities to mark the 65th Independence Anniversary, the Juma’at Prayer and the Inter-Denominational Church Service will be held on Friday, 26th September at 1 pm and Sunday, 28th September at 10 am respectively, as well as the World Press Conference on Monday, 29th September at 10 am,” he said.
The Tide source had earlier reported that President Bola Tinubu, alongside former Heads of State, Yakubu Gowon, Olusegun Obasanjo and Goodluck Jonathan, is expected as a special guest at a national discourse convened by the Island Club, Lagos, to mark Nigeria’s 65th Independence Anniversary.
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