mistabiola:


It's already insured and secured, so it's up to you to follow suit. Have a nice day ahead.

koboko69:


Every one knows u have a high reputation of being a serial dunce and an unrepentant troll! Do u see Tinubu in your dreams??....is it not amazing that one who has not held a political office since 2007 still call the shots more that all the politicians in your entire village? So in ur daft imagination, my comment potrays me as being Yoruba?
Be wise!

neocortex:


Is that why you are hell bent on sabotaging other people's future ?

neocortex:


You never see anything good in people you perceived as enemies.
Please tell me what is wrong in diezani putting Nigeria first in that bill.
If she had doubled the equity you will be the one to cry foul and call her a tribalist. SMH at your reasoning capacity.

Overview of the Nigerian Petroleum Industry Bill

The Petroleum Industry Bill (the “PIB” or the “Bill”) is perhaps the most talked about
piece of legislation in Nigeria given the far reaching reforms which it proposes to an
industry which is the single most significant contributor to the national economy.
Originally introduced in December 2008, the bill has undergone numerous revisions
and has been the subject of intense debate.
On 18 July 2012 President Goodluck Jonathan presented a new version of the PIB to
the seventh session of the National Assembly for consideration and enactment.
This article considers the history of the Bill and provides an overview of its salient
provisions.
THE EVOLUTION OF THE CURRENT VERSION OF THE BILL

In an attempt to restructure the oil and gas industry, the Oil and Gas Sector Reform
Implementation Committee (OGIC) was inaugurated on 24 April 2000 under the
chairmanship of Dr. Rilwanu Lukman (then serving as the Presidential Adviser on
Petroleum and Energy). The OGIC was charged with the task of making
recommendations for a far reaching restructuring of Nigeria’s oil and gas industry. The
recommendations of OGIC included a proposal to separate the commercial institutions
within the industry from the regulatory institutions.
In 2007, the Federal Government of Nigeria introduced the National Oil and Gas Policy
and re-constituted OGIC to make recommendations towards the emergence of a new
institutional framework to govern the operations of the oil and gas industry, including
the emergence of a new National Oil Company, new regulatory bodies and a new
national directorate, for a more effective policy formulation for the industry.
Further deliberations of OGIC produced the Lukman Report of 2008 which
recommended a new regulatory and institutional framework that, when implemented,
would guarantee greater transparency and accountability. This report formed the basis
for the first PIB that was submitted in 2008 as an Executive Bill.
Among the salient features of the original version of the PIB were the:

 unbundling and commercialization of the Nigerian National Petroleum
Corporation (NNPC);
 transformation of the existing joint ventures between multinational oil
companies and the NNPC;
 deregulation of the downstream sector;
 creation of new regulatory bodies; and
 introduction of a new fiscal regime that sought to increase overall government
take.

From: http://www.hoganlovellsafrica.com/_uploads/Publications/Africa_September_2012_newsletter_-_Nigerian_Petroleum_Industry_Bill.pdf

koboko69:
So the oyel Goddess reduced equity from 10% to 7.5% in host communities yet my brothers will not see this, the same way they have been blind to see that the likes of Asari,Tompolo and other militants are actually fighting for their pockets and not for the ND.

Indeed tribal and religious sentiments can make people very foolish and insensible.

Damager:



D ten percent Iz part of d rzn y d bill is having issues so u can blame d legislators for d reduction.. tnx

2sex:
fought indeed... how has the common man from that region benefited despite the FIGHT! I ought to see a Niger Delta looking like Dubai... but no. lots of poor and hungry people, lots of oil spill and gas flaring still going on... waters destroyed... farm lands killed.

Nctrice:
it really Annoy me when I see things like this

koboko69:


Shut up dunce. The house deliberated on her version which was reduced already. If kit was an hausa man or yoruba man that did the reduction you foolish lots eill be crying foul. Its like u smoked some dry cow dung before reading and commenting

Mogidi:
[s][/s]

And Tinubu is fighting for the Yorubas not his pocket, you my friend is a compound fool.
If not for the likes of Asari, Tompolo etc the death of Saro Wiwa would have been in vain. These people fought for the 13% derivation we currently enjoy as oil producing states.

koboko69:
So the oyel Goddess reduced equity from 10% to 7.5% in host communities yet my brothers will not see this, the same way they have been blind to see that the likes of Asari,Tompolo and other militants are actually fighting for their pockets and not for the ND.

Indeed tribal and religious sentiments can make people very foolish and insenible.

donholy28:
That's the bad thing about new leaders...they dump the previous leaders works...both good and bad...just as Rochas dumped ohakims clean and green

ModiKen:


Hw did Ohakim's clean and green help Imo state? Pls tell me.

You should be praying EFCC does a thorough job in investigating and prosecuting that man. He stole Imo state's money without holding back.

Thats what he used in financing his daughter's school in Ireland. Today she is in medical school (don't knw where exactly cos she didn't mention it in any of her videos on Youtube) and she is also married to an Irish guy.

All these courtesy - Imo state public funds.

Thats the koko u shld be talking abt here not continuation of clean and green that didnt do anytin for the average Imolite.

*I'm not saying Okorocha is a saint. He is very far from it.

Mogidi:



So you think without militancy the fed govt was prepared to give the Niger Delta 13% derivation? No offence intended but your level of awareness is so poor there's no need debating with you.
End militancy then approach the fed govt for a rise in derivation, see where it leads you. Adios!!