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Nigeria to get more oil revenue with PIB – Lawan

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Senate considers 2021 Supplementary Budget of N895.8bn Wednesday

President of the Senate Ahmad Lawan says Nigeria will generate more revenue with the passage of the Petroleum Industry Bill (PIB).

Lawan made this known while addressing Senate Correspondents at a forum to mark his 62nd birthday in Abuja on Tuesday.

He said that the Senate would on resumption from the Christmas break on Jan. 26, consider the bill for passage.

According to him, the PIB is important legislation that will be given the necessary attention on our resumption.

“By the grace of God when we resume, we will start work on the Petroleum Industry Bill (PIB); that is going to be one legislation that not only Nigeria but the entire world is waiting for because that will change our economy.

“Money will start flowing so we want you to be in that journey with us so that you too, when the history of PIB passage and assent will be written, your names will be reflected.

“We promised Nigerians that we are going to achieve that by the grace of God in the year 2021,’’ the Senate president said.

He, however, said that there were people within and outside the country who were opposed to the passage of the bill.

“There are people both within and outside the country who will work against it but it is going to take the strength of our patriotism to pass it,” Lawan said.

Also read:  LCCI urges NASS on PIB

He further said that the PIB would be given the same speed accorded the Deep Offshore Production Sharing Contract bill.

“When in 2019, we said we will pass the amendment to the Deep Offshore Production Sharing Contract in this house, we spent nights.

“We close by 2a.m., 3a.m., just working to amend that act, people didn’t want it to happen because it stopped what has been happening for 20 years.

“In a week, they thought it was a joke. In a week we finished the amendment because the house was on recesse, the day they returned, they concurred.

“Mr President knew how important that amendment was. He was in London and that bill was flown to him and he signed on a Sunday just to give that amendment the validity that was needed,” he said.

Lawan added:“We lost billions of naira because we were supposed to be given 2 billion dollars every year in the last 20 years; they were giving us 216 million dollars.

“But from last year, after the amendment, it is now 2 billion dollars.

“That is what we intend to do with the PIB, we will pass the PIB that will ensure that businesses here get a very competitive environment, that people are able to make profit and stay and even invest more.

“It is absolutely necessary and incumbent on all of us leaders, to apply ourselves fully to address the various challenges facing Nigerians.”

He noted the need for leaders in the country to surmount the challenges, saying that there should be no excuses in finding solutions to the problems.

“It is not easy. And sometimes, when you are outside the system, you think two plus two is four. Until you get in then you will discover it’s beyond that arithmetic, but there should be no excuses,” he said.

 

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Onslaught: Troops Eliminate 105 Terrorists, Arrest 140 Others In 1 Week – DHQ

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Exercise Enduring Peace recording successes in FCT – Army

The Defence Headquarters (DHQ) says the troops of the Armed Forces of Nigeria operating in different theatres of operation eliminated 105 terrorists and apprehended 140 others in the last one week.

The Director, Defence Media Operations, Maj.-Gen. Edward Buba said this at a bi-weekly news briefing on the operations of the armed forces on Thursday in Abuja.

Buba said the troops also arrested 26 perpetrators of oil theft and rescued 86 kidnapped hostages in the South-South region.

He added that the troops recovered 208 assorted weapons and 5,332 assorted ammunition comprising 95 AK47 rifles, one assault rifle, 39 locally fabricated guns, 34 Dane guns, 14 pump action guns, among others.

In the North East, Buba said the troops of Operation Hadin Kai neutralised seven terrorists and arrested four terrorists as well as recovered 20 AK47 rifles, two fabricated guns and 12 dane guns.

He added that 353 rounds of 7.62mm special ammo, 209 rounds of 7.62mm NATO, 34 live cartridges, 62 mobile phones and the sum of N100,000, among others, were also recovered.

According to him, 224 ISWAP/JAS terrorists fighters and their families comprising 23 adult males, 126 adult females and 87 children surrendered to troops in the Bama and Konduga areas of Borno within the week.

Army raid kidnappers, rescue C/River commissioner; Police neutralise 3 suspected gunmen, recover 50 arms

In the North Central, Buba said the troops of Operations Safe Haven and Whirl Stroke neutralised 35 insurgents, arrested 65 violent extremists and 15 rescued kidnapped hostages.

He added that troops also recovered various caches of arms and ammunition within different theatres of operation.

In the North Central, the defence spokesman said the troops of Operations Hadarin Daji and Whirl Punch, neutralised 57 insurgents, arrested five and rescued 66 kidnapped hostages during the week.

In the South-South, Buba said the troops of Operation Delta Safe destroyed 18 illegal refining sites and recovered 657,300 litres of stolen crude oil, 23,750 litres of illegally refined AGO and 1,050 litres of DPK.

He added that the troops discovered and destroyed nine dugout pits, 19 boats and 21 storage tanks, 35 cooking ovens, nine vehicles, nine mobile phones, and three pump machines.

According to him, troops rescued three kidnapped hostages and apprehended 50 people suspected of oil theft and other violent extremists/insurgents as well as recovered 20 weapons and 243 ammunition, amongst other items.

In the South East, Buba said the troops of Operation UDO KA neutralised six insurgents, arrested five and recovered various types of arms and ammunition.

“All recovered items, arrested suspects and rescued hostages were handed over to the relevant authorities for further action,” he said.

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Food Prices: Tinubu Directs Immediate Release Of Grains, To Foreclose Crisis

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A little respite in the nation’s food crisis is expected as President Bola Tinubu has directed the Ministry of Agriculture and Food Security to release about 42,000 metric tonnes of grain including maize, millet, and garri. The gesture is to douse hunger and prevent looming protests.

Some Nigerians however told the Maritime First that the directive was a lot coming late; and the metric tonnes being expected, too little, for over a hundred million people. Some cynics bluntly blame the President for his inability to tame insurgency and terrorism, which apriori, prevented the farmers from going to work.

ALSO READ:… Nigerians Now Eat Junks as High Food Prices Put Balanced Diet Out Of Reach- Survey

Some states have begun dress rehearsal for the real crisis protests, over galloping food prices. A bag of rice which sold for N62,000 Tuesday, last week in Bodija Market in Ibadan, emerged N69,000 Wednesday morning. less than 24 hours later, throwing calculation to the winds.

The Maritime First can freely indicate that widows, single mothers, and those from polygamous-induced large families are presently, not finding it too easy to cope.

In the meantime,, the Rice Millers Association of Nigeria has also committed to immediately release over 60,000 metric tonnes of rice to the public. The body however failed to indicate why they waited till the Presidential directive, before making their commitment.

The Minister of Information and National Orientation, Mohammed Idris, disclosed this after the meeting of the Presidential Committee on Emergency Food Intervention on Thursday in Abuja.

The Minister also failed to indicate measures to be adopted, to ensure that middlemen do not hijack and mess up Tinubu’s honest effort.

He said that these were immediate measures taken by the Federal Government to reduce the hardships faced by Nigerians who are made to bear the brunt of high prices of food in the market.

“These will be made available and we know that that is enough to take Nigeria in the next couple of weeks. One month, six weeks, perhaps up to two months.

“Now the whole idea of this is to crush the cost of these food items. And these are measures that will happen immediately.

“Now, the third item is that government is also looking at the possibility of, if it becomes absolutely necessary and as an interim measure, to also import some of these commodities immediately so that these commodities can be made available to Nigerians,” he said.

Idris also said that the Ministry of Agriculture and Food Security would further invest massively in the farming process to boost production and ensure the country’s food potential is fully exploited.

He said that government would appeal to persons or groups to stop hoarding these products in order to maximise profit at the detriment of ordinary Nigerians.

“Government of course is also looking at all those who are hoarding these commodities because actually, these commodities are available in the stores of many traders.

“Government is appealing to them that they should open up these doors and make these commodities available in the interest of our nation.

“There is no point when the whole country is looking for this food you are locking up these products where you make more money and then Nigerians suffer. Of course, the government will not fold its arms.

“If they don’t respond by bringing these commodities to the market, the government will take appropriate measures to ensure that these products are made available to Nigerians.”

The Minister said that the government would also take measures to ensure that food continues to be accessible and affordable to Nigerians.

“We ask that Nigerians need to be more patriotic; be our brother’s keepers. Sell this thing, of course at a margin but at a margin that is not also killing to Nigerians.

“This is an emergency. Every nation faces emergency situations. This is our own time to face these challenges.

“The President has directed that whatever it will take, food will be available to Nigerians at a cost that is also very reasonable,” he said.

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President Tinubu Returns After Private Visit To France

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President Bola Tinubu has returned to the country after a two-week private visit to France.

The President arrived in Abuja aboard the presidential flight at about 9:0 pm on Tuesday.

He was received by top government officials led by the Secretary to the Government of the Federation, Sen. George Akume.

The president left Abuja on Jan. 24 for his first break since assumption of office on May 29, 2023

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