Saturday, October 3, 2026

North will benefit more from PIA: NNPC GMD Kyari

Prior to its passage, the Petroleum Industry Bill generated a lot of furore among people who believes it short-changes oil-producing communities in the South.

• September 8, 2021
NNPC GMD/CEO, Mele-Kyari
Mele Kyari (Photo Credit: Twitter)

The Group Managing Director of NNPC Mele Kyari on Wednesday disclosed that northern states will benefit more from the Petroleum Industry Act, recently signed into law by President Muhammadu Buhari, despite the region’s low input in the country’s oil sector.

Solidifying his comment, Mr Kyari said the North will benefit more because new crude oil deposits are being discovered in the region and the funds derivable from exploration would propel more oil discoveries in the North.

“…not only the north but the whole country will benefit but the north will benefit more since oil has just been discovered and it will foster more discoveries of so many oil potential places in the North,” Mr Kyari was quoted by BBC to have said.

The Buhari regime has upscaled search for commercial oil deposits in the North, committing huge state resources to the expedition in the Lake Chad Basin and the Bauchi trough. Not much success has been publicly declared.

No such exploration has been commissioned in the South though the Niger Delta, where crude is currently being mined for the nation’s largest revenue sources continue to suffer environmental degradation and rotten infrastructure.

Mr Kyari said the law, which was meant to provide wholesome reform the Nigeria’s petroleum industry, is very important for Nigerians, especially the northern part of the country.

Prior to passage, the Petroleum Industry Bill generated a lot furore.

Lawmakers, governors and oil-bearing host communities kicked against the paltry allocations to host communities.

The Southern Governors’ Forum in July kicked against the proposed three per cent sharing formula contained in the passed PIB, asking the National Assembly to stick to the five per cent recommended by the House of Representatives.

The governors also rejected the proposed 30 per cent share of profit for the exploration of oil and gas in the basins and the ownership structure of the proposed Nigeria National Petroleum Company Limited (NNPC). 

However, Mr Buhari in abrupt disregard to southern governors concern assented three per cent for host communities in the PIB law.

Peoples Gazette later exclusively reported how a bribe of $10 million was shared among lawmakers to ensure smooth passage of the controversial bill.

Senate President Ahmad Lawan and House Speaker Femi Gbajabiamila were said to have pocketed $2 million apiece from the largesse provided by barons in the oil industry.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Nigerian Bar Association

States

Independence: NBA urges Nigerians to expect better future

The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

capsized boat

States

More than 60 passengers rescued after boat  in Benue

According to the chairman, the rescue operation was complicated by strong water waves.

Health

Lagos youth group organises free medical outreach for 200 residents

The medical doctor said participants were treated based on their diagnoses.

Heading 2

Police parade three suspected armed robbers for murder, theft in Oyo

The suspects allegedly confessed to their involvement in several other robbery incidents in the state.

Governor Babagana Zulum

States

North-East governors seek sustained investment in infrastructure, human capital

Mr Zulum said the region had made considerable progress in security and reconstruction.

Lagos State Environmental Sanitation Corps (LAGESC) officials (Credit: Lagos State Government)

Lagos

Lagos government arrests 215 suspected street beggars

According to the commissioner, the operation was part of efforts to maintain public order.

States

Stakeholders seek measures to sustain VCDP gains in Kogi

Ms Aliyu said VCDP had demonstrated that smallholder farmers could become viable economic actors.