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FG Moves to Present Fresh PIB Version to N8217;Assembly

20 Jan 2012

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•L-R: Member, Petroleum Industry Bill (PIB) Task Force, Senator Tunde Ogbeha; Chairman, PIB Task Force, Senator Udoma Udo Udoma; Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke; and the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mr. Continued on Pg. 6 Austen Oniwon, at the inauguration of PIB Task Force and Technical Committee in Abuja... yesterday.  PHOTO: Sunday Aghaeze

By Chineme Okafor

Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, Thursday, disclosed that the newly constituted special task force on the passage of the Petroleum Industry Bill (PIB) was mandated to produce a new copy of the bill for presentation to the National Assembly within the shortest possible time.

The task force, chaired by former senator and chairman of the Board of Securities and Exchange Commission (SEC), Udo Udoma Udo, was also expected to work alongside a technical sub-committee headed by the Director-General of Department for Petroleum Resources (DPR), Mr. Osten Olurunsola, which was charged with reviewing all former versions of the bill and come out with a draft within the next 30 days.

While working with the technical committee, the offices of the Minister of Petroleum Resources, Attorney General of the Federation (AGF) and Minister of Justice to produce a new copy of the bill, the taskforce is equally expected to interact with the National Assembly in facilitating the passage of the PIB into law.

Speaking at the inauguration of the special PIB task force, Alison-Madueke stated that it had become obvious for Nigeria to accelerate all necessary transformation agenda in her oil and gas industry starting with a swift passage of the PIB into law.

“I think we can all see the need for transformation and change. It’s obvious we are beginning a new phase of transformation in our petroleum industry as we turn a new page. We have listened to the voices of Nigerians over the last few weeks as they spoke in unison asking for accelerated reforms in Nigeria’s oil and gas industry.
And these are reforms we had already begun to put in place over the last few months and we want to anchor them very critically on the PIB which as we  all know is the most critical piece of legislation to have come out of the oil and gas industry in the last 50 years or so,” Alison-Madueke said.

She explained further: “Accordingly, we are this morning taking further steps towards the passage of the PIB. Despite the challenges faced in passing the bill during the sixth National Assembly, we must now renew efforts to work alongside the seventh National Assembly under the leadership of Senator David Mark, and Hon. Aminu Tambuwal.

Following this, it is my privilege to inaugurate the special PIB task force made up of past very distinguished and honourable members of the National Assembly, under the inspiring leadership of Senator Udoma Udo Udoma and other members of the task force; Hon. Chibudom Nwuche, Senator Tunde Ogbeha, M.T Liman, Abdullahi Gumel, Ibrahim Dikko and of course the very able Mr, Peter Esele whom we trust will help us in building bridges with the labour and civil society.”

But Esele who is expected to serve as a representative of organised labour and civil society organisations in the country was conspicuously absent at the inauguration although no reason was given for his absence. Efforts to reach him on phone to confirm the basis for the development was not successful.

Alison-Madueke said: “Together, the taskforce will work alongside a technical sub-committee which will be charged with reviewing all former versions of the bill and come out with a draft within the next 30 days. The sub-committee is made up of top professionals in the industry to be chaired by Osten Olorunsola, current director of the DPR.

“The terms of reference of the special PIB task force will include amongst others; working with the technical committee and the office of the petroleum minister, Attorney General of the Federation (AGF) and minister of justice to produce a new copy of the bill for presentation to the National Assembly within the shortest possible time.

“And, of course, working with the National Assembly to facilitate the passage of the PIB into law, consult with various stakeholders to ensure that CSOs, labour and the media are carried along in terms of support for the transmission of PIB for the greater benefit of the people of Nigeria.”

She reminded the task force of the need for accountability to Nigerians in their new task.

“I think it goes without saying that as eminent citizens with great knowledge and wide experience, the entire country and ourselves are all expecting that you use your wisdom gained over many years of professionalism and services and of course your good offices to ensure that all perspectives are brought to bear in the making of this historic piece of legislation with great potential for the transformation of our industry and the nation,” she said.

Udoma, in his remarks, stated the resolve of the task force to commit to hard work in accelerating the passage of the bill.

According to him, “This is indeed a very important national duty and I thank the government for the confidence they have in us. It is quite a task that can be achieved and we will put in all our efforts, we will work hard and tirelessly because this is important for the nation.

"Our work is simply to focus attention on the need to move expeditiously to make sure that the bill is passed for the betterment of our people.”

Tags: Featured, Federal Government, News, Nigeria, PIB

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  • I commend the Administration for moving forward to implement its Transformation Agenda! I wish to know the time frame for submission of the PIB to the National Assembly,and when it is expected to be passed into law.Also,when would the initial draft be available for public review and input?The former proposed PlB was structured based on the Norwegian oil industry development model;it would be necessary to post the proposed bill on an easily accessible website so that other Nigerian professionals,especially those resident in diaspora would be able to review it and provide their valued inputs.The petroleum industry is a global industry,and it would be advisable if government reaches out to invite the inputs of professionals beyond the borders of Nigeria.Many developed nations today thrive on the intellectual resources imported from Nigeria;the government ought to avail itself of this valued resource as it develops a more commercially oriented and focused oil industry. Thank you very much!

    From: Michael

    Posted: 1 year ago

    Flag as inappropriate

  • Let them pass the bill on time. I am of the opinion that Mr. Peter Esele wants to see the seriousness in the part of Government officials before sticking his neck and perhaps soiling his name in an unsure bill passage.

    From: Shina

    Posted: 1 year ago

    Flag as inappropriate

  • Nobody in present day Nigeria has the guts to address the problems as it is just jaw jaw and no action
    This is just a a small part of the saga. Every person in the
    trade knows, what happened to the missing daily crude. Can they tell us why the excess crude account, is an off shore account and tell us those that control it. Can they tell us why Duke Oil was set up and what is its main function. Can they throw more light on distressed crude and why it is always greatly discounted at destination and who benefits from it. Nigerians you have not seen anything. IBB was the person who institutionalised these chinnanigan and copted all former Heads of state. This is how they continue to mentain their lavish life styles. Top management of the NNPC past and present are also involved. Now Gowon is the Chairman of the China Oil company in Nigeria, very soon we will hear of the 50 billion dollars, that company wants to give us for our oil rights. Fellow Nigerians we are in trouble. There is no person and i mean no person, no institution and I mean no institution in Nigeria today, that can force the NNPC to do full disclosure of their activities. I challenge the so called National Assemblies to venture it. I will assure you that they too can not. How can a Nation keep and mentain off shore accounts and companies, which are not audited or in the public domain, even the parliaments no nothing about them. Can any one tell me what destroyed our Naira? Before IBB the naira was almost One naira to the pound. Do Nigerians know that the then military regime of IBB made the Nigeria Mint Company to deliver naira to them on a montly basis and this naira never went through the records of vthe Central Bank. Abacha then made them deliver 6 times what they were delivering to IBB. Nigerians I repeat we are in a big trouble, we are in a terrible mess.Who says that NNPC do not know where the daily missing crude is. Ask NNPC why they are posting staff members, to Duke OIL, CARLSTON, VITOIL, ETC. Ask them why they are mentaining and running secret bank off shore accounts. Ask them why they are running off shore companies and who the finance officers, signatories are and who they are reporting to. All the former Heads and present Heads of state, all top management staff of the NNPC past and present, the same with the CBN, Ministry of Finance and the ministry of pertroleum should speak up. They and their cronnies are the beneficiaries of this missing crude. There is nothing secret under the Sun and all will soon be released

    From: Patrick Agbobu

    Posted: 1 year ago

    Flag as inappropriate

  • Nobody in present day Nigeria has the guts to address the problems as it is just jaw jaw and no action
    This is just a a small part of the saga. Every person in the
    trade knows, what happened to the missing daily crude. Can they tell us why the excess crude account, is an off shore account and tell us those that control it. Can they tell us why Duke Oil was set up and what is its main function. Can they throw more light on distressed crude and why it is always greatly discounted at destination and who benefits from it. Nigerians you have not seen anything. IBB was the person who institutionalised these chinnanigan and copted all former Heads of state. This is how they continue to mentain their lavish life styles. Top management of the NNPC past and present are also involved. Now Gowon is the Chairman of the China Oil company in Nigeria, very soon we will hear of the 50 billion dollars, that company wants to give us for our oil rights. Fellow Nigerians we are in trouble. There is no person and i mean no person, no institution and I mean no institution in Nigeria today, that can force the NNPC to do full disclosure of their activities. I challenge the so called National Assemblies to venture it. I will assure you that they too can not. How can a Nation keep and mentain off shore accounts and companies, which are not audited or in the public domain, even the parliaments no nothing about them. Can any one tell me what destroyed our Naira? Before IBB the naira was almost One naira to the pound. Do Nigerians know that the then military regime of IBB made the Nigeria Mint Company to deliver naira to them on a montly basis and this naira never went through the records of vthe Central Bank. Abacha then made them deliver 6 times what they were delivering to IBB. Nigerians I repeat we are in a big trouble, we are in a terrible mess.Who says that NNPC do not know where the daily missing crude is. Ask NNPC why they are posting staff members, to Duke OIL, CARLSTON, VITOIL, ETC. Ask them why they are mentaining and running secret bank off shore accounts. Ask them why they are running off shore companies and who the finance officers, signatories are and who they are reporting to. All the former Heads and present Heads of state, all top management staff of the NNPC past and present, the same with the CBN, Ministry of Finance and the ministry of pertroleum should speak up. They and their cronnies are the beneficiaries of this missing crude. There is nothing secret under the Sun and all will soon be released

    From: Patrick Agbobu

    Posted: 1 year ago

    Flag as inappropriate

  • Medicine after death. The same bureaucratic bottleneck will hinder this Bill unless part of the proceeds of the subsidy removed is graciously handed out to the legislators.

    From: verifactus

    Posted: 1 year ago

    Flag as inappropriate

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