Thursday, February 22, 2024

PIB

October 3, 2022

Senate should be scrapped, Reps doing most work: Lawmaker Dennis Idahosa

Mr Idahosa stressed that the lower chamber performs most legislative duties.

August 18, 2021

Fishermen lament Shell’s unpaid $3.6 billion fine, praise Buhari PIB assent

Niger Delta fishermen under the aegis of the Artisanal Fishermen Association of Nigeria have praised President Muhammadu Buhari for signing the PIB into law.

August 17, 2021

PIB: Three per cent not enough for host communities, says Wike

The governor said the yearnings of host communities were not considered when passing the bill into law.

Rivers State governor, Nyesom Wike
July 2, 2021

PIB: Senate approves annual $500 million for host communities

Senate says it has approved an annual $500 million for oil-producing communities, as funding from the three per cent approved for Host Communities Trust Fund in the PIB.

Oil rig
January 28, 2021

Reps PIB hearing scatters as Host Communities insist on 10% equity

The new PIB wants oil companies to pay host communities 2.5 percent of its profit.

House of Reps
January 28, 2021

Reps PIB hearing scatters as Host Communities insist on 10% equity

The new PIB wants oil companies to pay host communities 2.5 percent of its profit.

House of Reps
January 28, 2021

PIB won’t be compromised, will be passed into law by April: Gbajabiamila

The speaker admitted that it was disappointing and difficult to explain how successive governments failed to deliver on the PIB.

Femi Gbajabiamila
October 8, 2020

Niger Delta activists fear PIB could trigger instability in host communities

The bill requires oil companies to establish a host community trust fund but puts hosts themselves in the back-seat.

A Niger Delta community
October 7, 2020

Minister Sylva says PIB will be shelved in parliament till next year

The bill scaled first reading in the Senate on September 30 and anticipation is high.

Timipre Sylva (Credit: @NNPCGroup)
September 28, 2020

Buhari’s oil reform bill scraps PPPRA, but keeps state control of NNPC

The bill will change NNPC’s legal structure, but the new company will still be wholly controlled by the government.

President Muhammadu Buhari