Petroleum Industry Bill (PIB)

The Atiku Abubakar’s NNPC Privatization: What You Need to Know by Ahmed Adamu

January 31, 2019 Amurun KelvinLeave a Comment

Alhaji Atiku Abubakar made a proclamation that he will privatize NNPC if elected President, and that sparked concerns and curiosities in the minds of some Nigerians, so I decided to write this article to explain the entire concept of NNPC privatization and its effects, so that people will have a better understanding of […]

FG saves N283.5b from fuel subsidy removal in six months

November 22, 2016 Amurun KelvinLeave a Comment

The Federal Government said it has saved N283.5billion from removal of fuel subsidy more than six month ago. Speaking at a KPMG Breakfast Meeting with Chief Financial Officers in Lagos on Monday, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, stated that “we have reduced losses to the treasury arising from the […]

FG to exit call arrangement with IOCs

November 17, 2016 Amurun KelvinLeave a Comment

The Federal Government has revealed it will exit all cash call arrangement it has with oil and gas companies including International Oil Companies (IOCs), Indigenous Oil Companies all other stakeholders in the sector. Cash call arrangement is an investment policy where all parties contribute to funding oil exploration and production operations in the proportion […]

New PIB: Host Communities on the Lurch? By Nnimmo Bassey

April 5, 2016 adminLeave a Comment

While no one can say that the Nigerian petroleum resources sector is known for transparency, most would readily agree that it wields a lot of power. The sector has effectively determined the political, economic, social and cultural paths of the nation since its ascendancy as major income earner for the nation. As its power rose, […]

NASS removes host communities fund from PIB, as Niger Delta group warns that it may result to war

April 4, 2016 adminLeave a Comment

A new version of the Petroleum Industry Bill, PIB, which removes the strategic Host Community Development Fund as proposed in the botched PIB is set to commence legislative deliberations in the next few days just as the Ijaw People’s Development Initiative, IPDI has said that the attempted removal of of host communities fund could be […]

Saraki: N’assembly will debate PIB next week

March 21, 2016 adminLeave a Comment

Senate president Bukola Saraki says the senate and the house of representatives will begin the debate of the Petroleum Industry Bill (PIB) next week. Saraki made this revelation in Abuja on Monday, while speaking at a business environment roundtable on the economy, adding that both legislative chambers were working on the bill. “We are both […]

Oil, POWER and ENVIRONMENT in the 2016 National Budget By Nnimmo Bassey

February 11, 2016 adminLeave a Comment

We applaud the leadership of the Nigerian National Assembly (NASS) for convoking a consultation with civil society over the 2016 National budget. This level of engagement points to an era of openness and inclusiveness that will ensure that the voices of the people are heard. My contribution is restricted to a few aspects of the […]