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Lawmakers Pass PIB after 20-Year Delay

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Lawmakers in both the Senate and House of Representatives separately passed the Petroleum Industry Bill (PIB) after a 20-year delay.

Lawmakers Pass PIB after 20-Year Delay

At the Senate, the PIB, 2021 was passed after the clause by clause consideration of the report of its joint committee on Petroleum (Upstream, Downstream and Gas) on PIB.

The upper chamber approved three per cent for the host communities despite protests from the South-South lawmakers, who advocated 5 percent.

Senate President Ahmad Lawan congratulated the lawmakers and said the Ninth National Assembly has achieved one of its fundamental legislative agenda.

“The demons (of PIB) have been defeated in this Chamber. We have passed the bill,” he said

Elsewhere at the House of Representatives, Mr. Femi Gbajabiamila, speaker of the House, described the passage of the bill as a “landmark achievement,” commending the 74 members of the PIB committee and the entire House for a job well done.

“I want to use this opportunity to underscore the point made by [Mr Mohammed] Monguno. It is to underscore how big what this House has just done today is. It has been 20 years in coming.

“I want to commend the 74 Wisemen, who produced this piece of legislation and who have become the voices of all 360 members.

“This 9th Assembly will be recorded on the right side of history,” the Speaker commented.

Members of the green chamber of the National Assembly unanimously passed the 319 clauses of the report of the bill during plenary today.

Giving a synopsis of the report earlier, Mr Mohammed Monguno, chairman of the Ad-hoc Committee on PIP, recalled how the bill suffered “several postponements at the National Assembly.”

“This bill is about our economy and it beholds on us members of 9th House so that our names will be written in gold,” the lawmaker said.

He gave the highlights of the PIB, one of which is the provision of a Governance Structure for the petroleum and gas industry in Nigeria, explaining that this would mean the unbundling of the Nigerian National Petroleum Corporation (NNPC) to NNPC Limited, which would “be run as a commercial entity.”

Mr Monguno also said the bill created a commission to oversee the operation of the industry by ensuring transparency of all transactions, adding that another provision of the bill is the creation of a Host Community Fund to take care of the interests of oil-bearing communities.

A frontier exploration agency is also established in the PIB to continue with oil exploration activities in other parts of the country, he added.

 

 


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Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

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Legit.ng recently joined forces with the Shade of Life Foundation to become a voice of autism, and drive advocacy for improved media support during Autism Awareness Month.

Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria

Participants at the event

Conversations around media support exploration was led by Joseph Omotayo, head of Department for Human Interest Stories at Legit.ng, and Dr. Eziafakaku Nwokolo, founder and CEO of the Shade of Life Foundation,

This partnership is a response to the concerns raised by organizations like the Shade of Life Foundation about the level of support received from the media in discussing autism as a disability.

While other disabilities may receive attention, autism, with its critical developmental implications often lacks adequate representation in mainstream media.

Recognizing the importance of addressing these concerns, Legit.ng took proactive steps by integrating itself into the essence of autism awareness.

It facilitated a one-hour workshop with Dr. Nwokolo, the founder of the foundation, to deepen our understanding of autism, its various spectrums, and the language boundaries associated with it.

Other steps we took in advocating autism awareness in the media, can be seen in our attached press release.

Legit.ng believes that by amplifying the voices of autism and advocating for better media representation, we can contribute to creating a more inclusive and accepting society for all.

 

 

 

 

 

 

 

 

 


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As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

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While 85 per cent of Nigeria is in darkness, Tanzania, an African country has shut down five hydroelectric stations in a bid to reduce excess electricity in the national grid.

As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply

Kassim Majaliwa, prime minister, Tanzania, has said the main plant, Mwalimu Nyerere Hydroelectric Station, alone generated enough electricity to power major cities, including Dar es Salaam, the country’s commercial hub.

It is the first time Tanzania, which suffers chronic power shortages, has closed hydroelectric stations due to excess production.

“We have turned off all these stations because the demand is low and the electricity production is too much, we have no allocation now,” an official from state-run power company, Tanesco, said.

The 2,115MW Julius Nyerere Hydropower Dam is said to be almost filled with water following heavy rains that started early this year.

Meanwhile, while the country has an installed capacity of 1,938MW and the grid installed capacity of 1,899MW, Nigeria which has an installed capacity of 13,000MW is struggling to electrify 85 per cent of its electricity consumers.


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President Tinubu Appoints Jim Ovia as Student Loan Fund Chairman

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President Bola Tinubu has approved the appointment of Jim Ovia, renowned banker and businessman, as the Chairman, Board of the Nigerian Education Loan Fund.

Jim Ovia

Jim Ovia

Ovia’s appointment is contained in a State House statement titled, ‘President Tinubu appoints Jim Ovia as Chairman of the Nigerian Education Loan Fund,’ and issued on Friday by Ajuri Ngelale, special adviser to the President, Media & Publicity.

The statement noted that “Ovia is the founder of one of Nigeria’s leading banks and a respected business leader, with a surfeit of efforts and benefaction towards nurturing and empowering young Nigerians.

“He is an alumnus of Harvard Business School and holds a Master’s in Business Administration from the University of Louisiana.”

The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.

The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage.

“The President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of higher education over a lack of funds,” the statement partly read.

Ovia’s appointment will also ensure “that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.”


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