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PIB: Let all sentiment be tied to national unity- Gbajabiamila

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Femi Gbajabiamila
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 Speaker of the House of Representatives, Femi Gbajabiamila has urged stakeholders in the Petroleum Industry Bill (PIB) to place national interest above personal interest in their efforts towards the passage of the bill.

Gbajabimila made the call at a retreat titled “Petroleum Industry Bill and the Future of Nigeria,” organised by the Northern Caucus in the House of Representatives yesterday in Abuja.


While noting that the sector had been operating with an old law that was passed in 1959, describing the law as ‘obsolete and a trash’ that can no longer stimulate economic activities.

“There will always be sentiments, but all sentiments should be tied to the mutual coexistence of the Nigeria; our diversity should be a source of strength.

“Our difference should not be translated into conflicts and disunity among citizens; Nigeria should grow and continue to be the mother of the continent which she is,” he said.
Represented by Majority Leader of the house, Ado Doguwa (APC-Kano), Gbajabiamila commended the caucus for organising the retreat.
He said described the retreat as educative and a timely productive action, as it came at a time when the parliament was considering the PIB.
“The PIB is one of the most topical issues before the National Assembly and I believe each and everyone of you will be glad to be a part of this important history.
“So let us create a legislative framework that will come up with a system that is not only globally recognise, but timely and apt to organise and promote our economy engagement within and without the country Nigeria which we all belong.
“It is my believe that when this bill is passed into law, with all consideration taken, we will come up with a framework that will encourage economic engagement, within and without the country; promote oil and gas sector,” he said.
The Chairman of the caucus, Sarki Adar (APC-Sokoto), said that the idea of the retreat was not political but for developmental reasons.
He said that the PIB had suffered a lot of casualties in the past parliament, adding that the authors of the current PIB had done a good job.
The lawmaker said that was why the bill must see the light of the day because the world was already moving away from fossil oil.
According to him, in the next 20 years or there about, oil will loose its value; there is no better time than now to explore oil to development agriculture and education sectors.
Adar said that oil which had also been discovered in the North must be explored to boost revenue generation in the country.
He also said that the interest of northern host communities where oil had been discovered should be factored in the PIB.
The Secretary to the Government of the Federation (SGF), Mr Boss Mustapha said that the petroleum industry was a the backbone of Nigeria’s economy as it provided bulk of the funds used in running the country.
Mustapha said that he was delighted that the 9th assembly had taken up the PIB after it suffered many casualties since its introduction in 2008.
He urged the lawmakers to take a careful look at the issues concerning host communities and the governance structure of oil industry.
Mustapha said that parliamentarians should ensure increased transparency in the bill, ensure market reforms and sustainable use of revenues generated from the sector.
The Minister of the Federal Capital Territory (FCT), Mr Mohammed Bello said that though efforts were ongoing to diversify the economy, it was important to ensure efficient management of the oil sector.
He said that the lawmakers must ensure that the PIB does not only bring about reforms in the oil sector, it should meet the aspirations of all Nigerians.
Bello urged the lawmakers to consider funding for renewable energy as it was the new trend that will keep the economy running.
The minister said that adequate attention should be given to making gas available to all Nigerians to replace the use of firewood.
Bello said that gas was cheaper and would prevent indiscriminate felling of trees urging the lawmakers not to shy away from the onshore/offshore dichotomy. (NAN)

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Yuletide: Bode George Urges Tinubu to Reduce Petrol Price

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Chief Bode George, a former Deputy National Chairman of the Peoples Democratic Party (PDP), has urged President Bola Tinubu to reduce the price of petrol   to N300 per litre ,to make things easy for Nigerians during the festive season.

George, the Atona Oodua of Yorubaland, made this plea at an interactive session with newsmen on Wednesday in Lagos.

The price of Premium Motor Spirit, popularly known as petrol, is currently above N1,000 per litre.

According to the elder statesman,Nigerians  are going through hardship, the President should give an order to reduce fuel price, specifying time frame the people will enjoy such window of relief.

He said that the federal government as well as well- meaning individuals and businesses could bear the cost of such price slash , to bring happiness to all Nigerians.

The PDP leader, who noted that December and January are  special months , said that such gesture could start from the  middle of December and run through January.

“I have been thinking, as a Nigerian, what can we do because the anger and the hunger are almost equal on the streets of Nigeria.

“What am I suggesting is that Mr President should sit down with his managers and give an order that from the middle of December to the end of January, the cost of petrol will be N300 per litre.

“The government can absorb the losses in the interest of the suffering people.

“If they (government) want others to contribute, let us know how much that is going to cost and ask people to donate, to bear the cost.

“We will be sending a lot of messages of happiness across the tribes and homes.

“Everybody in Nigeria will be happy because it will positively impact on this period of the year. It is a challenge and he (Tinubu) can do it.

“We need this in this December and January to put smiles on the faces of Nigerians, ” George, a PDP Board of Trustees (BOT) life member, said.

Advising the President to take further measures to bring relief to the people, he said that the gesture would crash prices of essential commodities and services for the benefit of all .

He said that government’s efforts should be concentrated on reducing high inflation rate, unemployment, poverty and youth restlessness  in order to create a better future for Nigerians

Speaking on the recent presidential election in Ghana, George noted that Nigeria’s electoral system  needed reforms to guard against electoral frauds and manipulations.

According to him, the nation will continue to grope for development if the system fails to encourage best candidates  to emerge.

Stating that election must reflect the wishes of the people and be devoid of  religious and tribal sentiments, George said that Ghana election should be a wake up call for Nigeria.

“INEC performance must improve. The commission must make sure that the voice of the people is  heard in elections.

“Electoral offenders should be made to face the music and sent to jail. We must be very firm about due process, credibility and transparency in elections,” he said.

Urging the President to revisit resolutions in the 2014 Constitutional Conference, George said that the current constitution was not federal in principle and practice.

“We should not deceive ourselves, the constitution is a problem. It is a military constitution, it is not democratic,” he said.

George called on the National Assembly to ensure devolution of powers and electoral reforms that would do away with manual collation of election results and mandate electronic transmission of election results from polling units.

George disagreed with political watchers saying no  vacancy in  presidency in 2027.

On the dwindling strength of the former ruling party, George, who noted that all organisations had its ups and downs, said that selfish interests and disregard for  party rules remained PDP’s major challenge.

He said that PDP could bounce back and win presidential election if the leadership decided to elevate national interest above selfish interests and adhere to the party’s constitution.

“We will tell ourselves some serious old truth. We messed ourselves  up. ” he said.

Stating, however, that the PDP was not dead, George said that lack of justice, equity, fairness and the inability to adhere to the  party’s zoning and rotational principle cost the party victory in 2023.

Calling on the party’s founding fathers alive to wake up and rescue the party, George said that Nigerians were still waiting for the former ruling party to take over power and put things right. (NAN)

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Tinubu Set for Groundbreaking of Renewed Hope City in Lagos 

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President Bola Tinubu, is set to perform the  groundbreaking of 2,000 housing units of the Renewed Hope City in Ibeju Lekki, Lagos, in the next few weeks.

Mr Ahmed Dangiwa, Minister of Housing and Urban Development, announced this during an official assessment visit, on Wednesday in Lagos

Dangiwa said Lagos would represent the South-west, while the president would do that of the North-West in Kano, before doing that of the four other regions.

“Arrangements is already on ground, we have gotten sites, and work has commenced for 2000 houses in the Renewed Hope City that we intend to build in Ibeju-Lekki,” he said.

Towards achieving the set goal, the minister said the visiting team also paid a courtesy visit to Gov.

Babajide Sanwo-Olu to discuss area of collaboration between the federal and state governments.

He disclosed that the federal and Lagos state governments had agreed to set up a Tripartite committee and ensure all the issues of concerns between the parties were resolved amicably for the benefit of all.

Earlier, the Minister embarked on an assessment visit of deplorable Federal Government buildings and assets across Lagos state in a bid to commence rehabilitation on them in a few months.

Dangiwa said the rehabilitation was necessary as the deplorable buildings posed a challenge and security concerns to the Lagos state government. (NAN)

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Gov. Alia Presents N550.1bn as 2025 Budget Estimate to Benue Assembly 

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Gov. Hyacinth Alia on Wednesday presented the sum of N550.1bn as the 2025 appropriation bill to the Benue State House of Assembly for consideration and passage into law.

Alia told the lawmakers that out of the total budget size, N175.4 billion is for recurrent expenditure while the N374.

7 billion is for capital expenditure.

The governor said that the total estimate represented a 47.

5  per cent increment over the 2024 revised and approved figure of N373 billion.

He stated that the appropriation bill tagged “Budget of Human Capital Development, Food Security, and Digital Economy” was to consolidate the gains made in 2024.

Alia further explained that the proposed recurrent expenditure of N175.

4 billion was 13.55 per cent higher than the previous year.

According to him, budgeted capital expenditure of N374.7 billion represents a 71.5 per cent increment on the 2024 revised capital expenditure.

“The budget breakdown indicated that the sum of N212.2 billion, representing 38.52 per cent is for administration; N196.6 billion, representing 35.68 per cent is for the economy; law and justice will take N26.6 billion, representing 4.84 per cent while social welfare will gulp N115.5 billion, representing 20.96 per cent.

“We have the vision. We have the will. And most importantly, we have the people ready to work alongside us to turn this vision into reality.

“Together, we will build a state where every citizen has the opportunity to succeed, where food is plentiful, and where the digital economy opens new frontiers of opportunity for all,” he said.

The governor said the intention of the government was to stay within the limits of its recurring revenue to build the state without accruing unnecessary debts for generations unborn.

He, however, said that since the 2025 budget was a deficit one, it proposed a borrowing plan of a conservative sum of N26bn, representing a modest 4.7 per cent of the proposed aggregate expenditure for 2025.

“This is lower than the state’s debt-to-GDP ratio of 8.2 per cent which is within the benchmark of the 25 per cent debt sustainability threshold.

“Despite these favourable debt ratios, I want to reiterate that borrowing will only be considered as a last resort and for regenerative investment purposes,” he added.

Alia stated that the problem of Internally Displaced Persons (IDPs) remained a challenge, adding that they have reasonably improved their living conditions.

He said the Bureau of International Cooperation and Development has elicited substantial grants from donors, totalling N85bn. (NAN)

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