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Buhari Asked To Dump Jonathan’s PIB by koboko69: 7:08pm On Jun 30, 2015
It is not yet Uhuru for the Petroleum Industry Bill (PIB) as the APC transition committee has advised President Muhammadu Buhari to jettison the version proposed by the Goodluck Jonathan administration. In its place, the committee said “Dr. Rilwanu Lukman’s version” should be passed into law by the national assembly. The omnibus law for the petroleum industry is designed to reform the oil and gas sector, which gives Nigeria over 90% of its forex earnings as well as over 60% of national spending. The delay in passing the bill is believed to have created uncertainty in Nigeria’s oil and gas industry, leading to the loss of over $80 billion in fresh investments, with investors unsure of the regulatory, political and economic conditions under which they will operate. Most of these investments have been diverted to Angola, which has enjoyed political stability in the last decade.

“Lukman’s version”

The house of representatives had passed the latest version shortly before the last administration wound down, although the senate could not vote on it and this effectively meant the bill could not become law in the life of the Jonathan government. However, the proposal by the Ahmed Joda-led transition committee that “Lukman’s version” should be passed may generate political and administrative hitches. Lukman, former minister of petroleum resources under President Umaru Musa Yar’Adua from December 2008 to March 2010, did not originate the bill. Lukman, who died in 2014, was special adviser to President Olusegun Obasanjo when the first draft of the bill was prepared but was not sent to the national assembly until Obasanjo left office in 2007. Several versions of the bill were being sent to the national assembly under Lukman’s watch as various interests struggled to tamper with it to maximise their benefits.

“Diezani’s version”

The exit of Lukman in 2010 led to a review of the various versions by Diezani Alison-Madueke, Lukman’s successor in the ministry. The reasons for the proposal to adopt “Lukman’s version” are not very clear, as there were no significant changes in the contentious areas, such as the fiscal regime which the international oil companies (IOCs) considered to be unfavourable.

Whereas the “Lukman’s version” provided 10% equity to oil “host communities”, this was reduced to 7.5% in “Diezani’s version” passed by the house of representatives. The definition of “host” was also expanded to cover all communities that pipelines pass through, not just where exploration is being made. The discretionary powers to award oil licences which were granted to the minister of petroleum resources under “Lukman’s version” were retained in “Diezani’s version”, but the house of representatives removed the provision. The Joda recommendations are currently being reviewed by a committee headed by Vice-President Yemi Osinbajo.

http://www.thecable.ng/exclusive-buhari-asked-dump-jonathans-pib

1 Like

Re: Buhari Asked To Dump Jonathan’s PIB by Nobody: 7:08pm On Jun 30, 2015
grin

1 Like

Re: Buhari Asked To Dump Jonathan’s PIB by robinicule(m): 7:08pm On Jun 30, 2015
Re: Buhari Asked To Dump Jonathan’s PIB by axiliborha(f): 7:08pm On Jun 30, 2015
F
Re: Buhari Asked To Dump Jonathan’s PIB by koboko69: 7:09pm On Jun 30, 2015
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.

83 Likes 4 Shares

Re: Buhari Asked To Dump Jonathan’s PIB by robinicule(m): 7:09pm On Jun 30, 2015
Freemanan:
grin
guy calm down nah
Re: Buhari Asked To Dump Jonathan’s PIB by Nobody: 7:10pm On Jun 30, 2015
robinicule:
guy calm down nah
Okay my boss
Re: Buhari Asked To Dump Jonathan’s PIB by robinicule(m): 7:13pm On Jun 30, 2015
Freemanan:

Okay my boss
i just dey jam u for everywhere. its strange checked ur profile..teamcancer..teamswifty..d only diff is dat am taller dan u 6'4 and aint no military lol
Re: Buhari Asked To Dump Jonathan’s PIB by Emekamex(m): 7:13pm On Jun 30, 2015
Legislooters deliberating on PIB since 18BC.

3 Likes

Re: Buhari Asked To Dump Jonathan’s PIB by donholy28(m): 7:14pm On Jun 30, 2015
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

7 Likes 1 Share

Re: Buhari Asked To Dump Jonathan’s PIB by Nobody: 7:19pm On Jun 30, 2015
robinicule:
i just dey jam u for everywhere. its strange checked ur profile..teamcancer..teamswifty..d only diff is dat am taller dan u 6'4 and aunt no military lol
You are a Leader....
Re: Buhari Asked To Dump Jonathan’s PIB by vecman22(m): 7:20pm On Jun 30, 2015
.
Re: Buhari Asked To Dump Jonathan’s PIB by Mogidi: 7:21pm On Jun 30, 2015
[s]
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.
[/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.

86 Likes 8 Shares

Re: Buhari Asked To Dump Jonathan’s PIB by koboko69: 7:26pm On Jun 30, 2015
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.

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!

61 Likes 7 Shares

Re: Buhari Asked To Dump Jonathan’s PIB by Mogidi: 7:32pm On Jun 30, 2015
koboko69:


Every one knows u have a high reputation of being a serial dunce! 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!

I had to reply your stupidity, you implied Tompolo and Asari were fighting for their pockets, I similarly asked you if Tinubu was fighting for his pocket.
You my friend is a compound ediot, the Niger Delta needs Tompolo and Asari, without them the region would be undermined, this is obvious even to a toddler.

99 Likes 8 Shares

Re: Buhari Asked To Dump Jonathan’s PIB by koboko69: 7:34pm On Jun 30, 2015
Mogidi:


I had to reply to your stupidity, you implied Tompolo and Asari were fighting for their pockets, I similarly asked you if Tinubu was fighting for his pockets.
You my friend is a compound ediot, the Niger Delta needs Tompolo and Asari, without them the region would be undermined, this is obvious even to a toddler.

SMH..... undecided

11 Likes

Re: Buhari Asked To Dump Jonathan’s PIB by Shortyy(f): 7:59pm On Jun 30, 2015
he'll soon deny it

5 Likes 1 Share

Re: Buhari Asked To Dump Jonathan’s PIB by scribble: 8:14pm On Jun 30, 2015
I need an oil block

Help me Lord.

5 Likes 1 Share

Re: Buhari Asked To Dump Jonathan’s PIB by amaben2020(m): 8:20pm On Jun 30, 2015
Buhari is a fool, there's lot of work to do and you are looking for wetin no lost, The clueless Dullard

26 Likes 1 Share

Re: Buhari Asked To Dump Jonathan’s PIB by Nctrice(m): 8:27pm On Jun 30, 2015
it really Annoy me when I see things like this

The definition of “host” was also expanded to cover all communities that pipelines pass through, not just where exploration is being made.

12 Likes

Re: Buhari Asked To Dump Jonathan’s PIB by agabaI23(m): 8:58pm On Jun 30, 2015
lol, I am watching

If this bill is discarded, it will never be passed in this administration because, EU and America do not like it.

I have a position on this and I will make it open in due time. One of the reasons GEJ had to go...

6 Likes 2 Shares

Re: Buhari Asked To Dump Jonathan’s PIB by Nobody: 9:01pm On Jun 30, 2015
agabaI23:
lol, I am watching

If this bill is discarded, it will never be passed in this administration because, EU and America do not like it.

I have a position on this and I will make it open in due time. One of the reasons GEJ had to go...

We're watching. Keenly.

5 Likes

Re: Buhari Asked To Dump Jonathan’s PIB by omolami: 9:09pm On Jun 30, 2015
BIP IS NOT JONATHAN'S ITS FOR THE NATION. THOSE ADVISING BUHARI TO DUMP IT ARE CHARLATANS AND BIGOTS WITH HIDDEN AGENDA.AWAITING TO SEE WHAT THE DILLARD WILL DO

17 Likes

Re: Buhari Asked To Dump Jonathan’s PIB by lonelydora: 9:48pm On Jun 30, 2015
Why would he dump it?

3 Likes

Re: Buhari Asked To Dump Jonathan’s PIB by tammie24: 9:49pm On Jun 30, 2015
Recipe for failure.
Taking advice from people with ulterior motives . We dey watch

8 Likes

Re: Buhari Asked To Dump Jonathan’s PIB by Gelengelen: 9:49pm On Jun 30, 2015
[size=20] AM NEW IN NAIRALAND. PLEASE WELCOME ME WITH YOUR LIKES. SHOW ME SOME LOVE WITH YOUR LIKES. [/size]

22 Likes

Re: Buhari Asked To Dump Jonathan’s PIB by mosho2good: 9:49pm On Jun 30, 2015
How does that affect the price of fruit in my area
Re: Buhari Asked To Dump Jonathan’s PIB by elohorayodele: 9:50pm On Jun 30, 2015
And use the next four years to draft another bill? Is there nothing like amendment in his dictionary?
Anyway a dullard will always show his traits

12 Likes

Re: Buhari Asked To Dump Jonathan’s PIB by DONMAYOR19(m): 9:50pm On Jun 30, 2015
All I have to say is triple D. The guy is confuse I swear.

5 Likes 1 Share

Re: Buhari Asked To Dump Jonathan’s PIB by Gelengelen: 9:50pm On Jun 30, 2015
[size=20] THIS SPACE IS FOR MY UNBORN CHILD[/size]

1 Like

Re: Buhari Asked To Dump Jonathan’s PIB by Yeeyo: 9:50pm On Jun 30, 2015
Confus govnt, full of confus ppl...

6 Likes

Re: Buhari Asked To Dump Jonathan’s PIB by seedorfg(m): 9:51pm On Jun 30, 2015
i dont think its neccessary

2 Likes

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