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Nairaland Forum / Nairaland / General / Politics / PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React (1404 Views)
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PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Omooba77: 5:59pm On Jul 01, 2021 |
Commenting on the development, Lead promoter, EnergyHub Nigeria, Dr Felix Amieyeofori, said: “This is a welcome development for the oil and gas industry, and the country at large as it will provide the long-expected business and investment environment for operators, and other stakeholders. “This is coming at the time when oil and gas-dependent economies are grappling with the reality of the energy transition to cleaner renewable energy sources, targeted at tackling the global climate problems. “While oil will still play a significant role in the global energy mix beyond 2050, the “Proverbial Net Zero Date”, Nigeria must ensure that we utilize the opportunities created by this Law to fully harness the total hydrocarbon value chain in order to generate the capital that will propel our transition into the renewable world. “I would, therefore, advise that Government and all the stakeholders work toward ensuring the immediate implementation of the critical and pivotal clauses without the traditional politicking. The 2014 National Conference is still very fresh, as Nigerians are known for putting together very pragmatic policies and laws, but, we have always failed to walk the talk, and that has been the albatross of our development as a nation.” He added: “I will say a Big Congratulations to the 9th National Assembly and Buhari-led Executive arm for taking the bull by the horns. I also want to congratulate the industry stakeholders for their sweats and strains for ensuring this historic event in the country.” Similarly, a Port Harcourt-based energy analyst, said: “The PIB is dead on arrival, apparently because it is belated. “This administration could have passed the PIB much earlier, but it wasted time trying to break it down into segments, including the Petroleum Industry Governance Bill, PIGB, before returning to the original plan of passing it as a single document.” “Consequently, the oil and gas industry and the entire nation’s economy have suffered. Many investments and companies had over the years gone to other nations in Africa, especially Angola, Ghana, and even the emerging East African countries.” He added: “There was a time Nigeria used to deploy over 20 rigs, exploring for oil, but we currently use only about six or seven rigs.” In a recent interview with Vanguard, the executive director, Spaces for change, Victoria Ibezim-Ohaeri, who criticized previous administrations for their inability to pass the PIB, had attributed it mainly to, “lack of political will and vested interests.” https://www.vanguardngr.com/2021/07/pib-belated-dead-on-arrival-oil-gas-industry-leaders-react/ |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Agbegbaorogboye: 6:21pm On Jul 01, 2021 |
Bubu is a failure of magnanimous proportions 2 Likes |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Monogamy: 6:23pm On Jul 01, 2021 |
As long as the bill is going to favour the masses, the oil and gas leaders can cry us an ocean |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Monogamy: 6:25pm On Jul 01, 2021 |
Agbegbaorogboye: I doubt if you read the news. Stop all this fixated mind about others.. “This administration could have passed the PIB much earlier, but it wasted time trying to break it down into segments, including the Petroleum Industry Governance Bill, PIGB, before returning to the original plan of passing it as a single document.” What's the meaning of that? |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Paperwhite(m): 6:25pm On Jul 01, 2021 |
If really the bill will take care of the fraudulent activities of the subsidy cabal in the downstream oil sector, it is fine.Lets move. |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Nobody: 6:27pm On Jul 01, 2021 |
For the last 12 years we have been hearing ...if they pass the PIB , the petroleum industry would be revolutionised, etc, etc etc Now they have passed it, and now it is 'It is too late, renewables are comming, bla, bla' Nigerians are very contrarian. Something tells me that the same response would have been gotten...whoever passed the bill. 2 Likes 1 Share |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Agbegbaorogboye: 6:44pm On Jul 01, 2021 |
Monogamy:It means Bubu is a very big failure of magnanimous proportions 1 Like |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Monogamy: 6:46pm On Jul 01, 2021 |
Agbegbaorogboye: I was expecting you to dissect the news and proof some points why Buhari is a failure but alas na as usual rambling rumbling 2 Likes 1 Share |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Nobody: 6:53pm On Jul 01, 2021 |
Ok...for all of you who are like me and wondering what PIB is all about , click here For a bit of a summary It is no longer news that crude oil dominates Nigeria’s economy, accounting for about 90% of the country’s foreign exchange earnings. For some years now, successive governments have attempted to pass an all-encompassing Petroleum Industry Bill (PIB or the Bill) to no avail. Now, the present administration has sent a new PIB to the National Assembly. The bill passed its first reading in the Senate on October 1, 2020. The Bill seeks to provide legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities and related matter. SAUCE |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by sammyj: 7:12pm On Jul 01, 2021 |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Okoroawusa: 8:11pm On Jul 01, 2021 |
Please read the content of the news before commenting on this thread... It's the voice of Jacob but the hands of Esau. Wahala for who no be blogger... |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Agbegbaorogboye: 8:34pm On Jul 01, 2021 |
Monogamy: Don't expect me to do for you what you can't do. But i'll oblige in this matter. “This administration could have passed the PIB much earlier, but it wasted time trying to break it down into segments, including the Petroleum Industry Governance Bill, PIGB, before returning to the original plan of passing it as a single document.” Also note that the version of the bill passed by the Saraki led eighth assembly was more pragmatic and far-reaching and Bubu refused to sign on the altar of political differences. This one is more or less the same thing that exists. Verdict: Bubu is a monumental failure of magnanimous proportions QED |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by vedaxcool(m): 8:38pm On Jul 01, 2021 |
[s] Agbegbaorogboye:[/s] Empty! QED. 1 Like |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Agbegbaorogboye: 8:41pm On Jul 01, 2021 |
vedaxcool: Have you eaten? |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by vedaxcool(m): 8:52pm On Jul 01, 2021 |
1 Like |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by ThinkSmarter: 9:02pm On Jul 01, 2021 |
What is petroleum industry bill all about? Someone should educate me |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Agbegbaorogboye: 9:21pm On Jul 01, 2021 |
vedaxcool: I see. I thought as much. Why don't you grab a plate and walk over to the nearest food joint to beg for leftovers Your brothers may scoop it all if you waste any more time |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by vedaxcool(m): 9:23pm On Jul 01, 2021 |
[s] Agbegbaorogboye:[/s] Did I ask for your daily struggle? 1 Like |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Agbegbaorogboye: 9:39pm On Jul 01, 2021 |
vedaxcool: No you didn't. You said you're hungry and I gave you the way out for your kind |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by vedaxcool(m): 9:42pm On Jul 01, 2021 |
[s] Agbegbaorogboye:[/s] I have no need for life's story. |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Agbegbaorogboye: 9:47pm On Jul 01, 2021 |
vedaxcool: I know. Hunger makes everything else seem less important C'mon. Hurry to Mama Emeka's joint on Sabo road and get yourself some hot steamy leftovers |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Omooba77: 11:04am On Jul 02, 2021 |
Hope we will see the benefits of PIB and PMB will not return it unsigned. |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by CodeTemplar: 11:32am On Jul 02, 2021 |
PIB is just like the 1999 constitution and democratic rule. They only allowed democratic rule after caging the south with a questionable and unbalanced constitution. Same too with PIB. After dominating all the juicy resources in the oil sector, they passed a dummy bill that is largely ineffective. |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Nobody: 11:40am On Jul 02, 2021 |
Agbegbaorogboye:He is far better than GEJ and OBJ. |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Omooba77: 11:50am On Jul 02, 2021 |
DubaiLandLord: You need a place at Yaba left |
Re: PIB: Belated, Dead On Arrival — Oil, Gas Industry Leaders React by Agbegbaorogboye: 11:53am On Jul 02, 2021 |
DubaiLandLord: In ur dreams only |
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