GTB 737 banner Yudala banner

The Petroleum Industry Bill is very important

By Oseloka Obaze on 24/04/2013

Share on facebook Yahoo mail icon Gmail icon

Views: 2,199


The PIB is very important Bill that has vast implications and infinite possibilities for our nation and peoples. Consequently, in its final and adopted form it must, in it’s entirety be germane to our collective interest. The Bill must also reflect our collective ownership and take cognizance of the nexus between legislative theory and the realities on the ground.

This public hearing exercise is fruitful, as it allows for states to make vital input into the PIB.  We are confident that the leadership of the National Assembly will show sagacity in taking into account all views – even dissenting opinions. As you are aware, the draft PIB is a huge document, hence we run the risk that the devil will be embedded in the details. That is our concern and why this exercise is most welcome.

Having studied the draft bill, Anambra State as the 10th Oil Producing State in the nation has very few but vital observations. We are gratified that our concerns are commonly shared by some states of the South-East, South-South and South-West geographical zones. We wish to prevail on this august Committee to look critically and amend sections – 2, 116, 117, 118 and 293 of the draft PIB.

These sections pertain to:

“Control of entire property and petroleum resources”; “establishment of the Petroleum Host Community Fund” and “Duty to Restore the Environment”. They also relate Corporate Social Responsibility (CSR).

Our collective goal is to make Nigerians feel a sense of ownership of the petroleum resources nature has endowed on us. Hence, the PIB must be in tandem with our Constitution. It must be based on fairness and justice and must recognize the needs and rights of host and oil producing communities.

More fundamental, is the need for companies in the oil sector to have clear Community Reinvestment Initiatives (CRI) in keeping with their Corporate Social Responsibilities (CSR).

May I use this medium to state our unalloyed support of the Frontier Exploration provisions of the PIB. We also appeal to the Federal authorities to assist Anambra State in developing its large natural gas deposits.  The Natural Liquefied Gas (LNG) industry is capital intensive, so only a partnership between the government and private sector investors will bring its full development to fruition.

That said I wish to reiterate the confidence of the Anambra State in your esteemed Committee to give Nigerians a PIB they will be proud of and subscribe to fully.

•Being excerpts of the remarks by Hon. Oseloka H. Obaze (shown in photo), Secretary to the State Government, Anambra, at the Public Hearing on the Petroleum Industry Bill (PIB) by the House of Representatives Ad-Hoc Committee in Enugu on April 22-23, 2013.

Source News Express

Posted 24/04/2013 4:41:25 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
London Madness: Nigerian student burns lover’s genitals with...

Unmatched discounts, free delivery on offer @Yudala Tech...

Customs e-auction: Why many will lose their cars...

Undergraduate arrested for setting up friend for kidnap...

JAMB clarifies position on UTME, says awaiting results...

APC Federal lawmakers blow hot: We’ll totally shut...

Ajimobi, Fijabi advocate full exploitation of telecoms’ potential...

Suicide watch: 2 women stopped from jumping into...

Unmasking Governor Umahi: His Past, Revelation and Revolution...

BREAKING: Manchester United sack David Moyes after just...

Jimoh Ibrahim a fraudster —Air Nigeria staff

Igbos angry with Jonathan •Why they may not...

 

Latest News Minister identifies the biggest obstacles to 2019 elections Vigilante kills self while testing gun charm on his body Germany extends invitation to Nigerian start-ups Man bursts into newsroom, stabs top radio presenter in the neck Ezekwesili bags global democracy appointment Judge’s absence stalls FG’s $406.8m suit against Shell National Assembly summons Aviation Minister over airport concessioning How Delta expended N33.4bn Paris Club refund — Commissioner Lagos Assembly passes College of Nursing Bill N113m Scam: EFCC testifies against DESOPADEC’s Consultants Gambiademands immediate resignation of Togo’s President 5 Reasons No Nation Wants to Go to War with Israel

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (288,196 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (271,287 views) Shameless Genevieve Nnaji exposes breasts in public (218,727 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (184,230 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (179,710 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (162,555 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (140,954 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (128,842 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (123,912 views) Lagos plane crash: Journalist releases victims’ names (114,365 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (112,311 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (104,666 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (30) Business (2,734) Business Verdict (25) Columnists (758) Complaints & Requests (93) Enterprise & Opportunities (184) Entertainment (396) Features (497) Global Business Monitor (187) International (1,592) Interviews (134) Live Commentary (28) Love Matters (79) News (29,562) Opinion (828) Pidgin (8) Politics (3,996) Religion (645) Sports (1,340) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN Words on marble

 

 

#MonkeyPox outbreak

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!