pib nigeria
} .widget_display_views a, FAAC: FG, States and LGCs share N676.407bn for July 2020. } .td-theme-wrap .block-title > span > a, .td-grid-style-4 .entry-title .td_block_mega_menu .td-next-prev-wrap a:hover { var tdThemeName="Newspaper"; "I also believe Gas flaring penalty cost should come to the host communities and I am sure we have impressed it on our colleagues to allow that to stay. /*
position: relative; margin: 0 auto; #td-outer-wrap > div.tickrr { PIB: Host Communities And Transparency In Nigeria’s Oil Sectors By Hon Abdullahi Mahmud Gaya Petroleum Industrial Bill (PIB) was introduced to .widget_archive a, float: left; The Bill, in its wholesale form, has survived three presidents and four convocations of the National Assembly. } background: none !important; .sf-menu > .current-menu-ancestor > a:after, filter: progid:DXImageTransform.Microsoft.gradient( startColorstr='rgba(0,33,13,0.81)', endColorstr='rgba(113,211,86,0.85)', GradientType=0 ); .td_category_template_4 .td-category-siblings .td-category a:hover, a.vc_btn-black.vc_btn_square_outlined:hover, } .wpb_text_column h5 { htmlTag.className += ' ie10'; }
Section 55(4), however, says the cost of winding down the assets, interests and liabilities of NNPC shall be borne by the government. // td_js_generator - mini detector
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.td-theme-wrap .td_block_template_14 .td-block-title-wrap .td-wrapper-pulldown-filter .td-pulldown-filter-display-option:hover i, Save my name, email, and website in this browser for the next time I comment. Finally Petroleum Industrial Bill will create efficient and effective governing institutions, with clear and separate roles and to establish a framework for the creation of a commercially oriented and profit-driven national petroleum company in addition of promoting exploration and exploitation of petroleum resources in Nigeria for the benefit of the Nigerian people and the efficient, effective and sustainable development of the petroleum industry. .sf-menu > .current-menu-ancestor > a:after, .woocommerce-cart .woocommerce table.cart .button:hover, width: auto; .td-404-sub-sub-title a:hover, .td-post-template-10 .td-post-header .entry-title { #bbpress-forums .bbp-topic-permalink:hover, /* If html does not have either class, do not show lazy loaded images. .global-block-template-14 .td-related-title .td-cur-simple-item, .wpb_tabs li.ui-tabs-active a, } .has-text-align-justify{text-align:justify;} .widget_categories a, .td-header-wrap .td-header-menu-wrap .sf-menu > li > a, display: none; font-family: inherit !important; PIB also seeks for the establishment of Downstream Petroleum Regulatory Agency (DPRA) aimed to regulate the downstream sector of the petroleum industry. Senator Omo-Agege's appeal to the agitators came on the heels of recent threats by a coalition of nine militant groups in the Niger-Delta region, expressing readiness to resume hostilities by attacking oil and gas facilities if the Federal Government did not meet the demands of #EndSARS protesters across the country. } .td-subcat-filter .td-subcat-list a:hover, PIB will strengthen transparency in Nigeria’s oil sector; Airbus to begin offering tours of its Alabama final assembly line; Nigeria imported N2.78tn manufactured goods in three months –NBS; Africa Oil Week announces cancellation of rescheduled Feb 2021 edition to November 2021 dates; Power generation hits all-time high of 5,459MW – TCN } font-family:"Work Sans"; "item": { position: relative; It is only natural that I champion anything that would promote the interest of the people of the Niger Delta. font-weight:bold; })(); .sf-menu li { .widget_display_forums a, } Section 234 to enhance peaceful and harmonious coexistence between licenses or lessees and host communities, and create a framework to support the development of host communities and foster sustainable prosperity within host communities. .td_mega_menu_sub_cats .block-mega-child-cats a {
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"@type": "ListItem", @media (min-width: 1180px){ font-weight:bold; .td_block_template_5 .td-block-title > *, } .sf-menu > li:hover > a:after, var tds_more_articles_on_post_enable=""; Last year, the 9th National Assembly achieved a landmark when President Muhammadu Buhari signed the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Amendment Bill into law. input[type=submit]:hover, Before PIB being forwarded to the National Assembly in 2007, Nigeria does not have a comprehensive law for the administration of the sector but has about 16 Petroleum Acts many of which overlapped in functions and responsibilities. background-image: url('https://i1.wp.com/economicconfidential.com/wp-content/uploads/2017/06/10.jpg'); font-weight:bold; "position": 1, background: rgba(0,33,13,0.81); border: none !important;
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this.ajax_pagination_infinite_stop = ''; //show load more at page x Regardless of this projection the nation oil and gas needs a comprehensive legislation that will help the country to generate more revenue because Nigeria has lost so much revenue that could have accrued to government coffers, as existing investments are stalled and potential investors are scared of coming. .woocommerce .product .onsale, a.vc_btn-black:hover, } In Three Months, Nigeria Imported N2.78trn Manufactured Goods – NBS, NCC Contributes N2.27trn To Nigeria’s GDP – Danbatta, W/Bank Pledges $72m For States’ Land Administration Records. .td_module_10 .td-module-title { htmlTag.className += ' ie11'; body > marquee > ul > li { .top-header-menu li a:hover,
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data: {}, div#nseticker { } } .td_category_template_8 .td-category-header .td-category a.td-current-sub-category, It is indubitable that Nigeria with the largest reserve in Africa has significant untapped hydrocarbon potential available to advance her economic goal. } That is why I am suing for peace. margin-top: 12px; October 29, 2020 PIB will strength transparency in the Nigeria’s oil sectors. .td-grid-style-5.td-hover-1 .td-big-grid-post:hover .td-post-category, .widget_recent_comments a, .wpb_text_column h6 { width: 100% !important; font-weight:bold; .top-header-menu .current-menu-ancestor > a, .vc_tta-container .vc_tta-color-grey.vc_tta-tabs-position-top.vc_tta-style-classic .vc_tta-tabs-container .vc_tta-tab.vc_active > a, font-size:14px; /* .global-block-template-5 .td-related-title .td-cur-simple-item, .td-big-grid-post.td-medium-thumb .td-big-grid-meta,
Everyone has been waiting for the passing of the Petroleum Industrial Bill which has been on the lips of every Nigerian. .td-theme-slider.iosSlider-col-2 .td-module-title a { } this.max_num_pages = 0; //from wp } .td_module_13 .td-module-title { Investors losing confidence in Nigeria's oil, gas industry - NNPC Buhari names Obasanjo's minister, Edmund Daukoru NLNG chairman, BGT president Related Topics: NNPC PIB Timipre Sylva .woocommerce div.product .woocommerce-tabs ul.tabs li.active {
.td-load-more-wrap a:hover, The provisions of the Act stipulate that the law shall be subject to review to ensure that if the price of crude oil at any time exceeds $20 per barrel, the share of the revenue to the Nigerian government shall be adjusted under the PSC. html:not( .jetpack-lazy-images-js-enabled ):not( .js ) .jetpack-lazy-image { .woocommerce .product #respond input#submit:hover, .td-page-content blockquote p, window.tdwGlobal = {"adminUrl":"https:\/\/economicconfidential.com\/wp-admin\/","wpRestNonce":"5fce736c8a","wpRestUrl":"https:\/\/economicconfidential.com\/wp-json\/","permalinkStructure":"\/%year%\/%monthnum%\/%postname%\/"};
*/ }, .global-block-template-2 .td-related-title .td-cur-simple-item, POLITICS DIGEST – Petroleum Industrial Bill (PIB) was introduced to the National Assembly in 2007 contrary to all Nigerians expectations.. border-color: #000000; .widget_calendar,
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.td-big-grid-post.td-tiny-thumb .td-big-grid-meta, If the projection come true in the next 20 years from now the world’s dependence on oil would have reduced to 50 percent.
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