Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,158,235 members, 7,836,129 topics. Date: Tuesday, 21 May 2024 at 09:15 PM |
Nairaland Forum / Nairaland / General / Politics / 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB (29645 Views)
President Buhari Signs Petroleum Industry Bill Into Law / House Of Representatives Passes Petroleum Industry Bill (PIB) / NNPC: Northern Nigeria Petroleum Company By Bayo Oluwasanmi - Sahara Reporters (2) (3) (4)
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by Monogamy: 8:33am On Jul 02, 2021 |
Bluffly: What's stopping FG from building local refineries that would save us money for oil importation which are even always exaggerated? What's stopping FG from sealing the loopholes in the diverted oil they have been paying subsidy for? With those two, we can stop paying subsidy as the petrol, gas and all can be refined locally |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by Kubernetes: 8:38am On Jul 02, 2021 |
mamaafrik:This one just woked up from sleep. Mama, we are talking about petrol and gas here 1 Like |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by Kubernetes: 8:43am On Jul 02, 2021 |
Tjjones: May be they did that because you have enough money in hundreds of billions going to the host communities from 1. Ministry of Niger Delta Affairs 2. Niger Delta dev com. 3. Monthly 13% derivation 4.. Etc and etc The last time I read was when over #88billion was stolen in NNDC 1 Like |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by gawu1: 9:18am On Jul 02, 2021 |
nairavsdollars:If doesn't understand, this your grandpa cuddling Atiku will explain to him. Sha bi dem sey him bi expert for constitution writing. The one wey him write inside him parlour and planned to impose on Jonathan carry everything in the bill. 1 Like
|
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by Konskott(m): 9:57am On Jul 02, 2021 |
The problem with No. 5 is that the bill failed to state clearly the exact percentage th oil operators will contribute to the Trust Fund. Is it deliberate that this was left out to cheat on the host communities or is it left vague to create a window for politicians and techocrats in government to manipulate the figure to benefit themselves? By this PIB, the host communities do not know what persentage of oil royalty will be theirs. |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by PortableToDynam(m): 10:25am On Jul 02, 2021 |
Revere27: Swears Was reading and learning until I saw no. 7 & 8...makr the op just tell us say he wan praise their daddy ni, ��� |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by COMPAQ(m): 10:31am On Jul 02, 2021 |
OmoManU: Yes I understand what you mean, but my point is that those are not overly significant. Maybe those have a N30-50 impact. The main cost drivers are price of crude and cost of refinery operations, which will be fairly same everywhere. Maybe Dangote refinery operations cost may be a bit cheaper cos the refinery is new and modern and staff will be paid less than foreign counterparts. Then again, operating in Nigeria has added costs in other areas that abroad doesn't have. As for Shipping, its fairly cheap these days. |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by COMPAQ(m): 10:35am On Jul 02, 2021 |
Kubernetes: Exactly. There is already 3% Nddc levy on the budget of oil companies. Across the industry this will be close to $400mln per year. And now 3% of opex has been added again. That's already 6% that should be for communities. Asides this, the oil companies do GMoU projects where they give money to the communities and they decide what project they want to execute by themselves, but as usual those 'representing' the communities have other ideas . SAME will likely happen to this host community 3%. First communities will argue amongst themselves about who is host or not, and which will become communal clashes and attacks. Just wait and see. Nigerians loose all sense of civility when moneybis concerned. 2 Likes |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by EMMY76: 10:37am On Jul 02, 2021 |
AfonjaConehead: The buhari's regime is insisting on 2.5%. 1 Like 1 Share |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by COMPAQ(m): 10:37am On Jul 02, 2021 |
Bluffly: Subsidy is the problem. It doesn't allow resources to be efficiently utilised. 1 Like |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by CodeTemplar: 11:28am On Jul 02, 2021 |
After doing a shaddy job in allocating oil wells secretly, they want to bamboozle us into swallowing injustice. |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by AfonjaConehead: 12:00pm On Jul 02, 2021 |
Baawahala:
|
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by Joetttimua1811(m): 12:14pm On Jul 02, 2021 |
Noted |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by Bluffly: 3:13pm On Jul 02, 2021 |
COMPAQ: What other social support are Nigerians receiving from the government? Subsidy has nothing to do with efficient utilisation of resources. Moreover which resources are we talking about here? Can social handouts be the problem? Should USA have removed unemployment benefits because some people are exploiting it. |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by Bluffly: 3:15pm On Jul 02, 2021 |
Monogamy: Should social handouts be stopped because some people are exploiting it just as it happened in the USA, just as some Nigerians still exploit it in the UK and other European countries despite having jobs. Shoukd loan be stopped because there've been bad loans 1 Like |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by Tonytonex(m): 4:06pm On Jul 02, 2021 |
Thank you Op. This is very apt. 1 Like |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by MacBriggsons: 6:22pm On Jul 02, 2021 |
NewFolm4: How can operators and Industry complain of multi regulation and yet the DPR is split into two Agencies? It calls to question the sanity of the people who brought up the idea of 2 regulatory agencies. This issue of 2 regulatory agencies was never in the initial PIB or the initial PIGB. |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by mamaafrik(m): 6:28pm On Jul 02, 2021 |
Kubernetes:petrols when the land is experiencing chaos. Dindin |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by Nobody: 7:48pm On Jul 02, 2021 |
Saao:It's his personal commitment to see it pass into law. He said it many times that petroleum industry need new regulations and host communities need new ways to benefit from oil money. This effort is more of Executives than Legislators, thanks to Sylva! 1 Like |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by Gfskw: 8:04pm On Jul 02, 2021 |
Oh |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by Kaiser20: 8:29pm On Jul 02, 2021 |
The citizens have lost trust on Buhari and it very hard to regain the trust no matter his magic. |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by Grateful02(m): 10:58pm On Jul 02, 2021 |
Op Just when you've made a good summary,you spoilt it with no7!! |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by Oshey99: 9:38am On Jul 03, 2021 |
With all the money and scholarships that the Niger Delta receives what av their leaders done with it......they keep on fainting when they are called to make account of money spent....tribalism n nepotism won't take dis country anywhere 2 Likes |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by COMPAQ(m): 2:52pm On Jul 06, 2021 |
Bluffly: Other countries are not bankrupting themselves to do subsidy the way we are!? And few countries are as Corrupt as we are! Our subsidy is N1trln yet FG revenue is N5trln! Does that make sense? Texas state budget is more than FG, the 36 states and all local govt combined and you want to compare social security in US with subsidy in Nigeria!? |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by BluntCrazeMan: 5:23pm On Jul 06, 2021 |
NewFolm4:Now it is very clear that this summary is highly biased. |
Re: 10 Things To Know About Nigeria’s Petroleum Industry Bill, PIB by Okoroawusa: 5:27pm On Jul 06, 2021 |
Saao:I will come back and quote you when he does |
PDP Presidential Primary: Atiku In Clear Lead / Ike Ekweremadu: EFCC Plans To Plant Huge Cash In My House In Enugu / FG Did Not Pay Us Any Ransom – Boko Haram On Released Dapchi Girls
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 36 |