• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Saturday, July 5, 2025
No Result
View All Result
NewsNet Nigeria
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos
NewsNet Nigeria
No Result
View All Result
Home Oil and Gas

Just In: PIB: Senate dares host communities with passage of 3% development fund

by NewsNet Nigeria
4 years ago
in Oil and Gas
Just In: PIB: Senate dares host communities with passage of 3% development fund
Share on FacebookShare on TwitterShare on LinkedinShare on Whatsapp

The Nigerian Senate on Thursday dared oil and gas host communities in the country with the passage of the conference report of the National Assembly on the Petroleum Industry Bill (PIB) which pegged host communities development trust fund at 3% of the operating expenditure of oil companies.

The leader of the Pan-Niger Delta Forum (PANDEF), Chief Edwin Clark, had recently described 3% and other provisions in the PIB as satanic, unjust and embarrassing, saying it has dashed the hope of the people of the Niger Delta.

Meanwhile, the House of Representatives also on Thursday had to dissolve into an emergency executive session following a shouting match by some lawmakers over the recommended 3% just before the commencement of plenary to consider among others the conference report on the PIB.

The House was divided over report of the Harmonisation Committee on the Petroleum Industry Bill (PIB).

Hon Chinyere Igwe (Rivers) started the protest on the floor of the House, urging his colleagues and shouting with the documents in his hand that they will not accept the report of the Committee.

Thereafter, other lawmakers from the South-South region joined him raising alarm and opposing the 3% recommendation arrived at by the harmonization Committee from the House and the Senate finally arrived at for the host Communities funds on the PIB.

The rowdy session began at about 12noon before the arrival of Speaker Femi Gbajabiamila and other principal officers for the day’s plenary.

While the rowdiness continued, the Speaker, Deputy Speaker and other Principal officials were seen conferring with one another before they finally called for a closed-door session.

Last two weeks, the House had approved 5% as funds for host communities while the Senate’s figure was 3% as against the 10% demanded by the Host Communities.

The House had maintained that they would guard their 5% position jealously.

Previous Post

Delta New Universities: Muoboghare meets Delta NUJ, clarifies issues on PPP

Next Post

Anti Open Grazing Law: Delta Assembly moves to meet Sept 21 implementation deadline

MORE NEWS

Pondi unveils Isoko Youth House, restates Tantita’s commitment to peace, development in Niger Delta
Oil and Gas

Pondi unveils Isoko Youth House, restates Tantita’s commitment to peace, development in Niger Delta

May 31, 2025
Udu LGA Coordinator of WIS South Security Ltd applauds efforts of Tinubu, Ogulari, Owo in securing oil facilities in Niger Delta
Oil and Gas

Udu LGA Coordinator of WIS South Security Ltd applauds efforts of Tinubu, Ogulari, Owo in securing oil facilities in Niger Delta

May 27, 2025
Oil Theft: Senator Nwoko leads Senate Cmte on high-level oversight mission to Rivers State
Oil and Gas

Oil Theft: Senator Nwoko leads Senate Cmte on high-level oversight mission to Rivers State

May 24, 2025
Senate Committee declares Nigeria’s crude oil theft crisis national emergency
Oil and Gas

Senate Committee declares Nigeria’s crude oil theft crisis national emergency

May 16, 2025
Next Post
Anti Open Grazing Law: Delta Assembly moves to meet Sept 21 implementation deadline

Anti Open Grazing Law: Delta Assembly moves to meet Sept 21 implementation deadline

Leave Comment

RECENT STORIES

6th Edition of BAF Schools Debate Kicks Off with 16 Delta Schools Competing

6th Edition of BAF Schools Debate Kicks Off with 16 Delta Schools Competing

July 5, 2025
Delta North Monarchs Justify Renewed Push for Anioma State at Senate Public Hearing

Delta North Monarchs Justify Renewed Push for Anioma State at Senate Public Hearing

July 5, 2025
Justice Restored: Why Senator Natasha’s Recall Strengthens Our Republic, By Dr. Michael Tidi Esq.

Justice Restored: Why Senator Natasha’s Recall Strengthens Our Republic, By Dr. Michael Tidi Esq.

July 4, 2025
Stakeholders Demand Anioma State at Historic Public Hearing in Ikot Ekpene

Stakeholders Demand Anioma State at Historic Public Hearing in Ikot Ekpene

July 4, 2025
Legendary Nigeria Goalkeeper, Peter Rufai, Passes Away at 61

Legendary Nigeria Goalkeeper, Peter Rufai, Passes Away at 61

July 4, 2025

TRENDING STORIES

  • Tidi Rallies PDP Loyalists, Urges Grassroots Reawakening Amid Defections

    Tidi Rallies PDP Loyalists, Urges Grassroots Reawakening Amid Defections

    0 shares
    Share 0 Tweet 0
  • Ughelli North Council Chairman Suspends Uwheru PG Over Heightened Security Tensions

    0 shares
    Share 0 Tweet 0
  • Delta Speaker calls for stakeholders’ commitment to advancing Nigeria as 10th Benue Assembly holds 2nd Anniversary Thanksgiving Service

    0 shares
    Share 0 Tweet 0
  • Waive pays homage to Udu monarch, pledges total allegiance

    0 shares
    Share 0 Tweet 0
  • Stakeholders Demand Anioma State at Historic Public Hearing in Ikot Ekpene

    0 shares
    Share 0 Tweet 0
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.

No Result
View All Result
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.