Posts Tagged ‘PIB’

PIB not Dead, We must borrow to leave recession – Gbajabiamila

The Majority Leader of the House of Rep­resentatives, Hon Femi Gbajabiamila, has said for the nation to leave recession, there is no way government will not bor­row. Gbajabiamila, who pre­sented the end of the year report on activities of the House to newsmen, said that amendment to the Code of Conduct Bureau (CCB) Act by […]

PIB: Senate Set to Introduce Host Community Development Legislation

Senate President, Dr. Abubakar Bukola Saraki, on Wednesday, November 3rd, 2016, stated that the Senate would be introducing a Host Community legislation to complement the Governance and Institutional Framework Bill of the revised PIB that passed Second Reading at the Senate on Wednesday. In a statement signed by Mr. Yusuph Olaniyonu, the Special Adviser on […]

New PIB Exempts NNPC from TSA, Due process

Part 5, Section 62 of the Petroleum Industry Governance Bill, 2016, proposed by the two chambers of the National Assembly, allegedly seeks to empower a “National Petroleum Company” that would execute contracts and transact business on behalf of government without recourse to the Bureau for Public Procurement under the Public Procurement Act and Fiscal Responsibility […]

EXCLUSIVE| New Petroleum Industry Bill ; The Details

Nigeria’s government is breaking up an all-encompassing oil bill that has been stuck in parliament for years, replacing it first with a law to overhaul the state sector which aims to close loopholes that bred corruption, according to a draft seen by Reuters. Under the draft legislation, the state oil giant NNPC will be split […]