President Muhammadu Buhari has declined assent to the National Oil Spill Detection and Response Agency Act (Amendment) Bill passed by the National Assembly.

Buhari, in a letter, addressed to Senate President Bukola Saraki and read at plenary on Wednesday, the President said his decision was pursuant to Section 58 (4) of the 1999 Constitution of the Federal Republic of Nigeria (as amended).



Specifically, the President said the bill undermines the powers of the Minister of Petroleum Resources and the functions of the ministry.

Buhari is the Minister of Petroleum Resources.

The letter read, “I am declining assent to the bill because in a number of important sections, the bill undermines the powers of the Minister of Petroleum Resources and the functions and responsibilities of the Ministry of Petroleum Resources.”

Buhari also rejected the imposition of 0.5 per cent of Operation Funds on oil companies, explaining that this will create an additional tax burden on oil firms operating in the country.

He listed the contentious areas in the bill to include Section 3, 6 (1a), 7 (a) and (b), 8, 9 and 11.

“Section 8 of the bill imposes a new charge and the industry of 0.5 percent of Operation Funds of oil companies for the enforcement of the environmental legislation in the petroleum sector.

“This imposition is an additional burden on the industry, particularly given that it is unclear what operation funds mean for the purpose of applying the provisions of the bill,” It added.

God bless the C-in-C .... no weapon fashioned against you shall prosper... so what’s the big deal about the FTC??

him don start oooo

Buhari also rejected the imposition of 0.5 per cent of Operation Funds on oil companies, explaining that this will create an additional tax burden on oil firms operating in the country.

By all means Saraki want to destroy this government

If he like dnt sign it, another president will come n sign. presidency no b 4 lifetime

You see why he should not be president and same time minister of petroleum? This bill is for the protection of the Niger Delta environment but Bubu is concerned with more powers! Bubu na yeye!

Baawaa:
Buhari also rejected the imposition of 0.5 per cent of Operation Funds on oil companies, explaining that this will create an additional tax burden on oil firms operating in the country.

By all means Saraki want to destroy this government

After Kwarans have destroyed his looting destiny. Thunder fire his family.

.

Baawaa:
Buhari also rejected the imposition of 0.5 per cent of Operation Funds on oil companies, explaining that this will create an additional tax burden on oil firms operating in the country.

By all means Saraki want to destroy this government

Midastorch:
God bless the C-in-C .... no weapon fashioned against you shall prosper... so what’s the big deal about the FTC??

See them.
Bunch of illiterates just like the president.
Buhari just rejected a bill that will improve the lives of oil-producing communities
and these zombies are happy because their god rejected it.

SMH.

Xisnin:




See them.
Bunch of illiterates just like the president.
Buhari just rejected a bill that will improve the lives of oil-producing communities
and these zombies are happy because their god rejected it.

SMH.

So praying for my dear President is why I’m an illiterate??you father is mad , I mean your real daddy...

Midastorch:


So praying for my dear President is why I’m an illiterate??you father is mad , I mean your real daddy...

You are an illiterate for responding like a zombie. Not thinking, just praising whatever you mini-god does.
A real father would have thought you the proper way to reason.

Xisnin:




See them.
Bunch of illiterates just like the president.
Buhari just rejected a bill that will improve the lives of oil-producing communities
and these zombies are happy because their god rejected it.

SMH.

Since you know better than the president please educate NL on the reason pointed out by the president for rejecting the bill is really at the the detriment of oil producing communities(as stated by you)....Tnx God the reasons were made public so no story.

We await your revert sir

Xisnin:




See them.
Bunch of illiterates just like the president.
Buhari just rejected a bill that will improve the lives of oil-producing communities
and these zombies are happy because their god rejected it.

SMH.

DMerciful:
You see why he should not be president and same time minister of petroleum? This bill is for the protection of the Niger Delta environment but Bubu is concerned with more powers! Bubu na yeye!

They don't care. Why would they care? Since when do parasites start caring about it's host? All they care about is how to bleed us dry. My only joy is that God is on our side. For every discrimination, thivery, and lack of focus we get from FG since this unholy union, although the North elite gets fat from it, the people that pays for it is their people. God is on our side. If he likes let me keep rejecting every bill that'll improve Niger Delta and his supporters rejoicing in joy. Let him and his supporters continue their bigotry. His people are who God continues to punish with death, poverty, misery and sorrow as revenge for each of their actions.

Xisnin:

You are an illiterate for responding like a zombie. Not thinking, just praising whatever you mini-god does.
A real father would have thought you the proper way to reason.

One thing is very sure for me, you can’t see me outside and talk this things...... if to say na your papa born you, come to Awka South LG secretariat Amawbia in Anambra, I promise you, your family will not see you for two weeks....

Buhari really means well.
Oil companies are currently bedeviled with too many taxes including 3% of Profit after tax for NDDC now this 0.5%.
Of course we know what will happen to that 0.5%

The bill means well. They should remove the 0.5 and represent the bill to Mr President. quote author=hardywaltz post=76639688]Buhari really means well.
Oil companies are currently bedeviled with too many taxes including 3% of Profit after tax for NDDC now this 0.5%.
Of course we know what will happen to that 0.5%[/quote]