Read Senate's Report on PIGB 2017

By Factnews on 26/05/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 824


The Senate had on Wednesday, passed the Petroleum Industry Governance Bill (PIGB) into law

According to the Senate, the move is geared towards unbundling the NNPC and the petroleum industry.

In the PIGB, the Ministry of Petroleum Resources would be renamed Ministry of Petroleum Incorporated.

Also in the new bill, upon the recommendations of the new commission, Minister of Petroleum Resources can grant, amend, renew, extend or revoke any licence or lease required for petroleum or production, pursuant to the provisions of the Act or any other enactment.

The bill also proposed that when the commission is created, it shall be vested with all assets, funds, resources and other movable and immovable property, which immediately before the commencement of operation of the new commission, were held by the PI, DPR and PPPRA.

In the bill, more powers will be vested on the commission, as the President or the Minister of Petroleum Resources, who hitherto had such powers, would no longer have same.

See the Report Below…


 

 

View/Download attached documents

Final Copy Of Petroleum Industry Governance Bill 2017

 

Posted on May, 26 2017

Share on facebook Yahoo mail icon Gmail icon


You may also like...
Berom Militia to blame for Plateau crisis, says...

Nnamdi Kanu is in London, he went through...

Morocco Withdraws as AFCON 2015 Host

Nigerian Army To Deploy Drones For Edo Elections...

APGA stops Announcement of results; collation to continue...

US cameraman down with Ebola

The show of shame that sealed Justice Uzokwe’s...

AFCON QUALIFIER: Eagles can’t catch us again –...

23-year old Woman Takes Father to Court for...

Lagos state govt to begin sale of “Lake...

FAAC: NLC hails Gov. Umahi for paying Ebonyi...

Democracy Day: Ikpeazu extends invitation to Kalu, Otti,...
News Abia Election Special (4) Abia Supplementary Polls Update (18) Abia Supplementary Result update (22) Appointments (11) Breaking News (203) Business (50) Campus News (5) Crime (151) Economy (123) Education (149) Entertainment (160) Fashion and Style (3) General (1023) Health (117) Inside Africa (41) International News (309) Interviews (32) National (2031) Politics (1161) Press Releases (131) Religion (9) Security (142) Sports (450) Technology (28) World News (87)

 

 

Advertisement

 

Latest News BREAKING:APGA Suspends Alex Otti Here's How Social Media Could Ruin Your Business BBNaija’s Alex Unusual Robbed, Car Destroyed And Valuables Taken "Nigerians We're Sorry, We Gave Our Best But It Was Not Enough" - Ighalo Buratai reshuffles Nigerian Army formations, redeploys officers Abia: From E4E To YESSO, Ikpeazu In Job Creation’s Drive Female teacher gets 20-year jail for sleeping with 13-year-old male pupil Herdsmen stab another farmer to death in Ogun Justice Bulkachuwa cancels annual vacation for Appeal Court Justices AFCON: Man destroys TV after Nigeria lost to Algeria

 

Most Read Islamic agenda for Nigeria – Pastor Bosun (25,349 views) 47 YEARS AFTER, HIS EXCELLENCY, COMMODORE EBITU UKIWE (Rtd) MAKES THE “OFO NDI IGBO” RECIPIENTS LIST (21,240 views) The show of shame that sealed Justice Uzokwe’s fate (17,975 views) Breaking News : Dr Okezie Ikpeazu resigns from Abia State Environmental Sanitation Agency (ASEPA). (8,726 views) Abiriba Kingdom Celebrates as Eze Kalu Kalu Ogbu (IV) marks 14th year on the throne (8,063 views) Lawyers accuse Lagos Police of working for PDP (7,846 views) Ebola virus in Syria – Infecting ISIS members (7,753 views) Radio Biafra delivers AM Transmitter (7,572 views) Cojoined Twins Abby And Brittany Hensel Pose in Bikini (7,239 views) ‘Why fuel scarcity persists’ (6,887 views)