₦airaland Forum

PIB under Buhari!!!!

It is finished! They have eventually taken over the oil.

Weldone to the mischievous leprechaun from the West. They the Abobakus, as far as they get 15% of the deal, they are Okay.

powerhouse3:
Nice one,.....the agitation for passages of PIB is more than fifty years now.....

I can only thumbs up buhari when he signed it into laws ,else na hoax


I see why sultan of sokoto was making mouth the other days that north is also bless with oil ,.. that exploration of the Chad basin should commence back which means he's was informed about the passage to f the bill

How does the passage of this pib even benefit the oil producing states?

https://www.youtube.com/watch?v=eft6L9ZIg7c

https://www.youtube.com/watch?v=kwa1YFd7Nh8


https://www.youtube.com/watch?v=QVqK_CCB2IA

What I find very discomforting is the 30% of NNPC yearly revenue earmarked for Oil exploration in Northern Nigeria. This doesn't sound right in many ways than one

What is this 30% of NNPC yearly revenue budgeted for Oil exploration in North I'm seeing.. have you catered for the host communities in existing Oil exploration sites that you want to spend money to look for Oil in North.

Issues like this is where the SS and SE senators and rep members will keep quiet because they don't want to offend North.. but if it's a bill that will favour SW, e.g. Special status grant for Lagos, Special derivation funds for Lagos and Ondo producing Oil, they'll find their voice and kill it.
Later they will come and be preaching Southern Unity

goldenheart72:
What I find very discomforting is the 30% of NNPC yearly revenue earmarked for Oil exploration in Northern Nigeria. This doesn't sound right in many ways than one

30% profit for hydrocarbon exploration of frontier basins

Mikecold:
Can some one tell us this bill is about because I have been hearing so much of it

the bill says in an oil coy a cleaner will automatically become a staff

Noshitboi:
The rubber stamped speaker himself was absent on this very day.

Your stone head. He was on the floor. He did not preside

objobj:
Your stone head. He was on the floor. He did not preside

Your father and mama stoned head.


Where in the news is it reported that the 'rubber-stamped speaker' was on the floor of the house? Zombie!!

LeeSantos:
The Petroleum Industry Bill (PIB), an omnibus law meant to regulate the entire sphere of the industry and repeal all current existing oil and gas legislation, had struggled to see the light of day despite its introduction to the National Assembly over 16 years ago.

Lawan noted that the bill would "Establish a progressive fiscal framework that encourages investment in the Nigerian Petroleum Industry, balancing rewards with risk and enhancing revenues to the Federal Government of Nigeria; provide a forward-looking fiscal framework that is based on core principles of clarity, .

Abeg, in layman's level of understanding, explain to us what this bill is about that makes it so special.
Becos even without passing this bill, all these things you have said are normal things that seemed to have been there all along.

EMMY76:
How does the passage of this pib even benefit the oil producing states?

3%,...goes directly to thier council chairman,...it's to be paid directly to them ,and 30%now goes to the state,...how they utilities it is now left for them

powerhouse3:
3%,...goes directly to thier council chairman,...it's to be paid directly to them ,and 30%now goes to the state,...how they utilities it is now left for them

Are u really sure it's up to 30% that will go to state govts of oil producing states?

Tinubu na big thief, we can call him tax master, tariff master, subsidy master..