NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
The Petroleum Industry Bill is very important

By Oseloka Obaze on 24/04/2013

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,666


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 Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Full-Fledged Genocide now going on in ‘Northern Nigeria’...

Trade and investment as drivers of Jonathan’s transformation...

HOW MY MOTHER SUFFERED IN KIDNAPPERS’ DEN —Okonjo-Iweala...

Revealed: How Petroleum Minister Diezani Alison-Madueke is killing...

Akwa Ibom Governor sacks boards, agencies

Expert advises truck owners on how to avoid...

Rivers waste agency boss warns PH residents against...

Fake Army Major who sparked bomb alert in...

ASUU Strike: PDP begins 7 days fasting and...

PDP Crisis: Sheriff working for APC, Caretaker Committee...

80 years old cleric protests killing of son...

Customs seeks forfeiture of N50m illegal goods, vehicles...

 

Latest News Nigeria at a political cross-road, By Bernard Balogun Reps call for Buhari's impeachment over $496m aircraft scandal Police re-arrests Dino Melaye in hospital Naira appreciates against Dollar at parallel market CBN injects $210m into FOREX Market Former governor remanded in EFCC custody over N5.7 billion fraud Lagos records revenue increase in first quarter Sex-for-marks: What Monica Osagie told panel NIMASA inaugurates, deploys 120 marine marshals Chinese developers set to invest in Nigeria Okowa orders demolition of illegal structures within Asaba airport Drunk NDLEA officer kills civil servant with machete in Lagos

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (339,859 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (334,868 views) Shameless Genevieve Nnaji exposes breasts in public (267,944 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (220,345 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (202,185 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (198,256 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (172,956 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (155,312 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (147,199 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (139,127 views) Lagos plane crash: Journalist releases victims’ names (136,987 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (129,656 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (36) Business & Economy (3,074) Business Verdict (40) Columnists (836) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (484) Features (569) Global Business Monitor (264) International (1,927) Interview (149) Live Commentary (28) Love Matters (116) News (34,727) Opinion (917) Pidgin (10) Politics (4,811) Religion (724) Sports (1,485) Stock Watch (28) AMA & Al Jazeera Global Update

 

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement