Ayo Akinfe
Nigeria currently spends $8bn a year out of her paltry $33bn annual budget subsidising petrol marketers. As a nation we simply cannot afford this. One does not need to be genius to know this wasteful spending has to go. If this new bill is to be worth the paper it is written on, it has to save us every penny of this crazy...
NIGERIA'S minister of state for petroleum resources Chief Timipre Sylva has revealed that government subsidies in the sector have effectively ended with the passing of the Petroleum Industry Bill (PIB) by the National Assembly.
Earlier this month, Nigeria's National Assembly passed the long-awaited PIB, which among other...
PAN Niger Delta Forum (Pandef) leader Chief Edwin Clark has rejected the recently-passed Petroleum Industry Bill (PIB) saying the new piece of legislation only gave oil host communities 3% of the revenue accrued against their requested 10%.
Last week, Nigeria's National Assembly passed the long-awaited PIB, which among other...
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