Featured
Senate Begins Phased PIB Debate …Denies Working Against Buhari
Finally, there seems to be light at the end of the tunnel for the Petroleum Industry Bill (PIB) as the Senate has commenced batch-by-batch consideration and passage of the Bill with the first batch scaling through second reading.
The first batch of the bill read a second time basically spells out the governance and industrial framework for the Nigeria’s oil industry while the second batch, according to the Senate President, Bukola Saraki, would deal with the host community funds and other financial components of the Bill.
The bill sponsored by Senator Donald Alasoaudura is titled, “A Bill For An Act To Provide For The Governance And Institutional Framework For The Petroleum Industry And For Other Related Matters 2016”, and is co-sponsored by 28 senators.
In his lead debate, Alasoaudura said the objective was to create an efficient and effective governing institution with clear and separate roles for the petroleum industry.
Alasoaudura said the bill seeks to establish a framework for the creation of commercially-oriented and profit-driven petroleum entities that ensures value addition and internationalization of the petroleum industry, and when passed, will ensure transparency and accountability in the administration of Nigeria’s petroleum resources; and foster a conducive business environment for petroleum industry operations.
In his contribution, Senator James Manager, noted that oil discovery in the Niger Delta has been a blessing to the world, and Nigeria in particular, but a curse to the people of the region.
He pointed out that the region tells only story of devastation and exploitation, and lamented that the golden hen that lays the golden eggs should not be taken for granted, hence the need for the 10 per cent revenue allocation for oil host communities.
Manager urged his colleagues to overlook the primordial sentiments that frustrated the passage of the bill since it was first introduced in the Sixth Senate, even as he commended the Senate leadership for the decision to split the bill into batches.
Senator Barnabas Gemade said the oil producing countries have robust, efficient and effective legislations guarding the operations within the individual countries, and hoped that the bill will redress the anomaly.
“And this has been to their advantage but Nigeria has become an exception, and we have seen the adverse effects of lack of proper legislation to guide the petroleum industry in this country.
“Every investor wants to know what is happening legally within the environment it wants to invest. It wants to know the dos and don’ts, it wants to know the opportunities because you can calculate the opportunities, you can’t calculate the risks if you don’t know what is happening legally within a given system, like what is obtainable in our petroleum industry as we speak”, he said.
Provisions of the bill include that NNPC be split into two companies; the Nigeria Petroleum Assets Management Company (NPAM) and a National Oil Company (NOC).
According to the bill, NOC will be an “integrated oil and gas company operating as a fully commercial entity”, and will run like a private company.
The company will as well keep its revenues, deduct costs directly and pay dividends to the government, thereby putting an end to the era of waiting for federal allocation for funding and always failing to meet cash call obligations.
President of the Senate, Bukola Saraki, had announced the immediate need for the consideration of the batch providing for the host community funding.
His words, “Before we proceed into the finalization of this part of the bill, the committee must come with a bill regarding the issue of the host communities for discussion. And I think that that can be done within the next four weeks before we come back for clause-by-clause consideration of the bill.
“We must bring the bill here on community issues and frontiers so that we can also pass it into second reading and commit it to the committee. I think it would be fair to create an understanding that the purpose of this bill is to send the message that truly, as a Senate, we are committed to ensuring that we create that enabling environment for this sector”.
The bill was later referred to Senate Committees on Petroleum (Upstream and Downstream) and that of Gas for more legislative inputs within the next four weeks.
Meanwhile, the Senate of the Federal Republic of Nigeria has debunked reports in some quarters that it may have been working against the interest of the Presidency.
Leader of the Senate, Aliyu Ndume, made this remark on behalf of the Senate yesterday while reacting to a newspaper publication.
In the said publication, the Minister of Budget and National Planning, Barr Udo Udoma, was quoted as saying the Senate should be held responsible for the failure to meet October target for the consideration of 2017 budget.
Citing Order 42, 52 and 15 of the Senate standing rules, the leader said the minister has been invited to appear before him to throw more light on the document he submitted relating to the 2017 budget but he failed to appear.
“In this Senate, we have the opposition that is cooperating with us. We are also the majority who make the government, so we are not working against the government”, the Senate leader added.
On his part, the Senator representing Akwa Ibom North-East, Albert Bassey, said he had personally confronted the minister, who is his own “brother” and that he denied making such remarks, adding that he was quoted out of context by the media.
In his ruling, the Senate President, Bukola Saraki also confirmed that he got across to the minister as soon as he saw the said publication and he (minister) did promise to retract the statement through subsequent publications.
He, however, cautioned both the executive and the legislature not to go into blame game but work towards nation building.
Saraki, therefore, assured the Presidency that the Senate would commence considerations of the budget as soon as the document required is provided by the minister.
Nneka Amaechi-Nnadi, Abuja
Featured
Reps Propose Creation of 31 New States
The House of Representatives Committee on Constitution Review has proposed the creation of 31 new states in the country.
If the proposal scales through, the Nigerian state will be made up of 67 sub-national governments.
The proposal for new states was contained in a letter read during yesterday’s plenary session by the Deputy Speaker, Benjamin Kalu, who presided over the session in the absence of the Speaker, Mr Tajudeen Abbas.
The committee chaired by Kalu proposed six new states for North Central, four in the North East, five in the North West, five in the South East, four in the South-South and seven in the South West.
The letter read in part, “The committee proposes the creation of 31 new states. As amended, this section outlines specific requirements that must be fulfilled to initiate the process of state creation, which include the following:
New state and boundaries
“An act of the National Assembly for the purpose of creating a new state shall only be passed if it requires support by at least the third majority of members.
“The House of Representatives, the House of Assembly in respect of the area, and the Local Government Council in respect of the area are received by the National Assembly.
“Local government advocates for the creation of additional local government areas are only reminded that Section 8 of the Constitution of the Federal Republic of Nigeria, as amended, applies to this process.
“Specifically, in accordance with Section 8 (3) of the Constitution, the outcome of the votes of the State Houses of Assembly in the referendum must be forwarded to the National Assembly for fulfillment of state demands.
“Proposals shall be resubmitted in strict adherence to the stipulations. Submit three hard copies of the full proposal of the memoranda to the Secretariat of the Committee at Room H331, House of Representatives, White House, National Assembly Complex, and Abuja.
“Sub-copies must also be sent electronically to the Committee’s email address at info.hccr.gov.nj. For further information or contact, please contact the Committee Clerk at 08069-232381.
“The committee remains committed to supporting the implementing efforts that align with the Constitutional provisions and would only consider proposals that comply with the stipulated guidelines. This is coming from the Clerk of the Committee on Constitutional Review.”
The proposed new states are Okun, Okura and Confluence states from Kogi; Benue Ala and Apa states from Benue; FCT State; Amana State from Adamawa; Katagum from Bauchi State; Savannah State from Borno, and Muri State from Taraba.
Others are New Kaduna and Gujarat from Kaduna State; Tiga and Ari from Kano; Kainji from Kebbi State; Etiti and Orashi as the 6th state in the South East; Adada from Enugu, Orlu and Aba from the South East.
Also included are Ogoja from Cross River State; Warri from Delta; Ori and Obolo from Rivers; Torumbe from Ondo; Ibadan from Oyo; Lagoon from Lagos; Ijebu from Ogun State, as well as Oke Ogun/Ijesha from Oyo/Ogun/Osun States.
Featured
TUC Opposes FG’s Proposed Toll Gate On Federal Roads, Rejects Electricity Tariff Hike
The Trade Union Congress of Nigeria, (TUC), yesterday, opposed the plans by the Federal Government to toll selected federal roads in the country, as a means of revenue generation.
The TUC also kicked against any attempt to increase telecom tariff, saying it will compound the present economic hardship Nigerians are going through.
President of TUC, Comrade Festus Osifo, while presiding over the 1st Quarter 2025 National Administrative Council (NAC) of the Union in Abuja, yesterday, condemned the proposed reintroduction of toll gates on some federal highways without first of all ensuring that the roads are in good condition.
Osifo, who blamed the hardship in the country as a result of the government policies like the flotation of the naira, wondered why the Federal Government should initiate policies bothering on the citizens without due consultations with relevant stakeholders.
He said its is annoying that most of the roads which are unpaved, dilapidated, and riddled with potholes should be open for collecting tolls.
A communique issued at the end of the meeting partly read: “NAC deliberated on the proposed introduction of toll gates on selected federal roads and strongly condemned it in its entirely. While we acknowledge that tolling is a globally recognized method of generating revenue for road maintenance, it is unacceptable to impose tolls on roads that are unpaved, dilapidated, and riddled with potholes.
“The NAC views this as an insult to Nigerians, who are being asked to pay tolls on roads that are in total disrepair. Our highways are death traps unsafe, abandoned, and filled with potholes. Rather than fulfilling its responsibility to fix and maintain these roads, the government is resorting to shameless extortion.
“The Congress, therefore, demands that all roads earmarked for tolling must first be fixed, properly tarred, and repaired to international standards before any discussion on tolling can be entertained”.
Although the Federal Government recently debunked plans to increase electricity tariff by 65 percent, TUC said it was alarming that the government even considered the hike in the first instance.
Osifo lamented that the previous increment already inflicted severe hardship on citizens.
He said, “This proposed increase is not only ill-timed but also a deliberate act of economic oppression against Nigerians, who are already struggling under unbearable economic conditions.
“The improved service quality promised during the last tariff hike, particularly for consumers under the so-called “Band A” category, has not been realized. Most consumers, regardless of their tariff band, continue to live in perpetual darkness”.
TUC observed that the root cause of escalating prices and galloping inflation was the devaluation of the Naira.
Going down memory lane, Osifo said in February 2024, the TUC addressed a world press conference, where it clearly stated that the excessive devaluation of the naira was the primary cause of rising inflation and the continuous increase in the prices of goods and services.
He said Congress also warned that this trend would worsen inflation in 2024, impacting virtually every sector of the economy and severely affecting the social and economic well-being of Nigerian workers and the masses if the solutions it canvassed were not adopted.
The TUC President said 12 months later, the Congress position remained unchanged, alleging that the symptoms of the root cause have manifested clearly.
According to him: “These include the skyrocketing prices of essential goods, the escalating costs of social services, the proposed hike in telecom tariffs, the increase in electricity tariffs (with plans for further increments), the rising prices of petroleum products amongst others.
“The TUC remains focused on addressing the root cause of these economic challenges rather than merely reacting to the manifested symptoms. To this end, the TUC demands a better foreign exchange (FX) management regime from the Central Bank of Nigeria (CBN) as the naira is currently undervalued, as confirmed by both local and international experts.”
He warned that if the policies were not reviewed to favour the citizens, the TUC may be compelled to mobilise for mass protest.
“The NAC, on behalf of the Congress, strongly advises the government to refrain from introducing policies that would further exacerbate the current economic hardship faced by hardworking Nigerians.
“If the administration insists on implementing these policies, the TUC will have no choice but to mobilize the working class, civil society, and the oppressed masses for a nationwide action. This level of exploitation is unacceptable. A stitch in time saves nine,” he warned.
Featured
Africa Must Stop Depending On Foreign Blueprints -Tinubu
President Bola Tinubu has charged African leaders to stop clinging to their old habit of depending on foreign plans, saying the continent is in dire need of leaders who wield policy as a surgical blade instead of a slogan.
Tinubu lamented what he described as “the tragedy of our time” whereby African leaders do not only confine themselves to foreign blueprints but refused to emancipate themselves from client-state mentalities and governance by hashtag activism.
The President made these remarks in Abuja, yesterday, during the Dr. Kayode Fayemi commemorative symposium and launch of the Amandla Institute for Policy and Leadership Advancement, with the theme “Renewing the Pan-African Ideal for the Changing Times: The Policy and Leadership Challenges and Opportunities.”
The symposium was organised to commemorate the 60th birthday of the former Governor of Ekiti State, Dr Kayode Fayemi.
Represented at the event by the Vice-President, Senator Kashim Shettima, the President said, “Whatever our differences across the continent, one fact that can’t be eroded by our infighting is that we are in the age of machines, and we can’t fight our development dilemma with spears and arrows while the rest of the world is fighting the same battle with missiles and tanks. The world is not waiting for Africa to catch up.
“While we parse political rivalries, others parse datasets. While we litigate history, others engineer futures. The train of progress accelerates, yet too many of our leaders cling to old carriages. These are our client-state mentalities, our dependency on foreign blueprints, and our governance by hashtag activism. This is the tragedy of our time.
“The founding of Amandla Institute emerges as an antidote to this paralysis. We are here not only to generate more ideas but to create executors. We need leaders who wield policy as a scalpel, not a slogan. We need visionaries who see AI as a collaborator, not a competitor. We need a generation of Africans who recognise that Pan-Africanism, renewed for this age, must be rooted in actionable sovereignty.”
Tinubu pointed out that it would be wishful thinking to hope that the renaissance of Africa will happen as a gift, maintaining that it must be built.
He regretted that for too long, leaders in Africa have outsourced their thinking, relying on institutions and ideologies that treat countries on the continent “as consumers, not creators,” just as he insisted that the youth must be empowered to innovate in tech hubs across the continent.
“But the post-idea world dissolves excuses. With the democratisation of knowledge, we must empower our youth to innovate in tech hubs across the continent, from Cairo, down through Nairobi, to Lagos, building unicorns without the permission of any gatekeepers. What they lack is not ideas but ecosystems—systems where policy, funding, and political will converge to scale their genius,” he noted.
The Nigerian leader further urged African leaders to “evolve from custodians of power to architects of platforms,” adding that their “imagination of Africa must be one where every government ministry houses.
“AI strategists, where continental trade policies are drafted by homegrown think tanks like Amandla Institute, not foreign consultants, and where “Made in Africa” signifies not raw materials but algorithms, green tech, and cultural capital.”
-
Politics3 days ago
Proposed States Creation: Youth Leader Lauds Nass Over Obolo State Inclusion
-
News3 days ago
Treasury Bills Attract N3.22trn From Investors
-
Sports3 days ago
NPFL: Remo Narrowly Beat Pillars 2-1 To Maintain Lead
-
News3 days ago
AfDB Dissatisfied With $210m Nigeria Agro-Industrial Zones Project
-
Niger Delta3 days ago
Diri Unhappy Over Poor State Of Public Schools
-
Editorial3 days ago
New Federal Varsity In Ogoni
-
News3 days ago
N70,000 Minimum Wage States’ Salaries Rise By 90% To N3.8trn
-
Oil & Energy3 days ago
WAPCo Commences Four-Week Pipeline Maintenance