Oil & Gas

PIB for presentation to National Assembly in few weeks, says Sylva

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Chief Timipre Sylva, Minister of State for Petroleum Resources, says the Petroleum Industry Bill (PIB) will be presented to the National Assembly in the next few weeks.


Sylva said the Executive arm would be requesting the lawmakers to specially reconvene to receive and begin deliberations on the Bill.

According to him, the Bill is key to repositioning of Nigeria’s Oil and Gas Industry under its post COVID-19 agenda.

The News Agency of Nigeria reports that the minister spoke on Thursday during a webinar organised by the Nigerian Association of Petroleum Explorationists (NAPE) with the theme : “Fiscal Regime Design, Government Revenues and Investors’ Interest in Nigeria Oil and Gas Sector.”

Sylva said: “I cannot give a specific timeline on the passage of the PIB because it involves the National Assembly.

“I can only give you our own timeline and what we have been doing.

“For us, I will tell you that we have finished our job. The drafting process has been concluded and we have also discussed with the relevant stakeholders in the industry.

“The Ministry of Justice has also looked at the draft to ensure that there are no issues, and that has been concluded.

“In the coming few days, we will be requesting the National Assembly to specially reconvene to look at the PIB, which may as well take some weeks before its passage.”

The minister expressed optimism that the Bill would be expeditiously dealt with by the lawmakers, given that it had taken the country years to get it to this stage.

He said: “Government needs maximum fiscal environment to deal with the COVID-19 crisis. For this reason, we are proposing grand fathering in the new PIB.

“This, I believe will preserve current government take, while also guaranteeing investors’ returns.

“It also guarantees that investors can continue with the existing operations while earning favourable returns.

“The proposed PIB framework shall be based on core principles of clarity, dynamism, neutrality, open access and fiscal rules of general application.

“At the same time, investments in new acreages will be encouraged with attractive competitive terms in order to achieve an economic growth.

“Investors in existing assets will be able to sign conversion contracts to obtain better terms for existing production, and to be able to explore and produce part of the existing blocks under the new block terms.”

According to him, investors that also want to continue operating under the current fiscal terms can choose to do so.

Sylva said that the host communities would be adequately covered to foster sustainable prosperity within the communities, provide direct social and economic benefits from petroleum operations to the host communities.

He also maintained that a diversification plan to non-oil economy had become a national imperative due to the impact of the COVID-19 pandemic on the oil and gas industry and other sectors of the economy.

“The PIB will provide a framework for increased petroleum industry activities in terms of developing gas for the domestic market and increasing oil production under competitive terms and support the goal of a stronger non-oil economy for the benefit of all Nigerians,” Sylva added.

Edited By: Remi Koleoso/Olagoke Olatoye (NAN)

https://nnn.ng/pib-for-presentation-to-national-assembly-in-few-weeks-says-sylva/

General news

Foundation donates food, other gifts items to widows in Abuja

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Smile Attracts Smile Foundation (SASF), a Non Governmental Organisation (NGO), has empowered 25 widows with food, cash, clothes and shoes, among other items, as a way of putting smiles on their faces.


News Agency of Nigeria reports that at the maiden edition of the foundation’s meeting on Saturday in Abuja, the widows were full of praises to the foundation.

Major items such as rice, spaghetti, indomie, seasoning, vegetable oil, salt, bread, Ankara materials, shoes and cash were distributed to widows.

Mrs Bukola Adewumi, founder of the SASF, said empowering widows was a dream come through for her, adding that her mother was also a widow and knew what she went through during the period, until she passed on.

”This is like a burden to me, my mother was a widow, I knew what she went through, the struggle and I have nursed this ambition from my university days and also given the little I had then,” she said.

Adewumi said she had been giving her widow’s mite before now, but that it was time to establish a foundation that would be readily available to cater  for their needs.

She noted that her greatest joy would be to see the widows smile, stressing that it was the essence of establishing the foundation to assist widows.

According to her, SASF will not only be about sharing food items, but would also ensure that the widows are trained on entrepreneurial skills, in other to have a ready source of livelihood.

She explained that the foundation would  acquire land and build a widow’s home, in a bid to have projects running there.

”Whatever money we make as proceeds will be plough back to the widows,” she said.

Adewumi said the foundation would have a data base where the names and details of all widows would be saved, for possible support, adding that widows, who register with her foundation, would no longer be a liabilities.

She then called on public spirited Nigerians to contribute to the foundation in the drive to help the widows out of doldrums, adding that their financial support would help cushion their plight.

Mrs Elizabeth Aledare, a resident of Lugbe Airport road, lauded the foundation, adding that the gesture was a divine intervention for her as she and her children had nothing to eat at the moment.

She said that one of her children was billed to return to school come Sept. 21, but that the fear of getting her food had overwhelmed her, until the foundation intervened.

Aladare, 53, from Kogi, who had been a widow for 12 years, said she would remain grateful for the swift intervention by the foundation.

Mrs Chinese Ozor, one of the beneficiaries, a 40 -year-old widow from Enugu, who lost her husband in 2016, commended the organiser, describing the initiative as a timely intervention.

She said such gesture would linger in her memory, while calling for support from Nigerians for the foundation to be able to reach out to other widows.

Mrs Binta Aminu, another  beneficiary, 42, from Katsina, who lost her husband in 2018, said the intervention by the foundation was heartwarming.

Aminu said she could not believe her eyes with the items provided by the foundation, while commending the organiser for the kind gesture.

Mary Adeyemi, 23,  from Oyo, who lost her husband in 2019, described the gesture as huge and wonderful.

The young widow urged other public spirited Nigerians to join hands with SASF to reduce the burden of widows in the country.

Edited By: Chinyere Nwachukwu/Felix Ajide
Source: NAN

The Smile Attaracts Smile Foundation (SASF) distributing food items on Saturday in Abuja

https://nnn.ng/foundation-donates-food-other-gifts-items-to-widows-in-abuja/
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Entertainment

Plateau: NFC trains 60 youths in Modern Film Techniques

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The Nigerian Film Corporation (NFC), says it  has trained 60 youths in modern film techniques in Plateau state.


Managing Director, (NFC) Dr Chidia Maduekwe, stated this at the closing ceremony of the training in Jos on Saturday.

He said  the objective of the training was to unlock the creative potential of youths in the state.

“It is an honour to be able to train all of you in modern film techniques in the state, this is just one of our training programmes for the year.

“This will enable you to be able to relate with your creative energy in the country and the world at large.

“The main objective of this training is to unlock the creative potential of youths in the state to make you self sufficient and positive impact on the economy through your talents,” he said.

Maduekwe said it was important for the country to embrace the creative sector to be able to catch up economically with other parts of world especially as other critical sectors in the country were faced with challenges.

He added that the Agricultural sector and the creative sector must be placed on the same level of importance as they go hand in hand in creating wealth for the country.

“Feeding the nation and the creative industry must go hand in hand because when we eat and not use the energy to be creative, we will be eating for nothing.

“Film is not just play but real business, it’s an industry that can be used to diversify the economy of a country.

Maduekwe tasked the participants to use the knowledge impacted on them as their post COVID-19 survival tool.

The News Agency of Nigeria reports that the participants who were drawn from different parts of the state were trained in costume and makeup, editing, lighting/sound and production/set design.

Starter packs such as laptops, sewing machines, video cameras, drone cameras and others were given to each of the participants at the end of the training.

Mr Meshak Goyit, a participant at the training, commended the organisers  for the opportunity given to them to be trained and acquire new skills. by the NFC, promising to put what they have learnt to good use.

https://nnn.ng/plateau-nfc-trains-60-youths-in-modern-film-techniques/
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Politics

Edo Election: Obaseki queues up to vote

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The Edo State Governor, Mr Godwin Obaseki, on Saturday followed the prescribed electoral process by standing on the queue to be accredited, before casting his vote.


The News Agency of Nigeria reports that Obaseki arrived his Oredo Ward 4 Polling Unit at Emokpae Model Primary School, Benin City at about 10:25am.

Mr Church Haris, a voter at the Governor’s Polling Unit in Oredo Ward 4 commended the governor for following the election procedure.

“I was amazed that he took a position on the queue.

“He surprised many voters in this ward.  We are proud of him,’’ he said.

Rita Osahon, who also voted at the polling unit, similarly commended the governor for staying on the queue to cast his vote.

Sylvester Okoduwa, an official of the Transition Monitoring Group, an election NGO, commended the peaceful commencement of the electoral process in the Edo state capital.

He said the election had started on a peaceful note and the voters wore their face masks, observed the social distancing rule, and also washed their hands in compliance to the COVID-19 protocols.

Edo is voting to elect a governor to run its state affairs for the next four years.

The state has a total of 2, 210,534 registered voters in 18 local government areas with 192 wards.

Edited By: Constance Imasuen/Idonije Obakhedo
Source: NAN

https://nnn.ng/edo-election-obaseki-queues-up-to-vote/
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Politics

Edo 2020: Voters observe social distancing

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Voters in Gov. Godwin Obaseki’s polling unit, Oredo Ward 4, Emokpae Model Primary School, Benin City, were seen observing physical distancing, washing hands and wearing face masks to curtail the spread of Coronavirus (COVID-19).


News Agency of Nigeria , reports that aside security check points provided at the centre of the community, residents moved around freely with their face masks.

Miss Esosa Igbinegin, a voter in Oredo Ward 1(unit 3), said that voters were observing the COVID-19 guidelines.

“Voting is going on well here and no issues at all.

“We are all on our face masks as directed,” she said.

Miss Ehi Osagie, another voter in Oredo Ward 1 (unit 3), said that security personnel were working hard to ensure a hitch-free election.

“Security teams are working well, voting is ongoing peacefully in this Ward,” she said.

Meanwhile, voters in Oredo Ward 12 with 6 units in Oba market were wearing face masks but not observing physical distancing.

Edited By: Abiemwense Moru/Felix Ajide
Source: NAN

 

 

https://nnn.ng/edo-2020-voters-observe-social-distancing/
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