Host communities, CSOs reject PIB, say it will create impunity – Newstrends
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Host communities, CSOs reject PIB, say it will create impunity

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The recent promise by the current leadership of the National Assembly to pass the Petroleum Industry Bill (PIB) in April may not be fulfilled following the rejection of the bill on Thursday by host communities and civil society groups in the Niger Delta.

In rejecting the bill, they said it was designed to further enslave oil producing communities and create confusion in the region.

Spokesperson for the CSOs and host communities in the Niger Delta, Botti Isaac, said the current PIB would not protect the host communities as it could only leave them at the mercy of the oil companies.

He also said the bill when passed and signed into law would promote confusion in the Niger Delta and further expose the communities to environmental degradation and untold hardship, adding that communities in the Niger Delta will not accept such a law.

He accused the National Assembly of not allowing a fair and adequate opportunity for vulnerable stakeholders in the region to have a say in the legislative process towards passing the PIB.

He accused the lawmakers of giving so much attention to the government and oil companies to speak on the bill.

Isaac said, “We believe that a new set of laws are necessary to govern the petroleum industry in Nigeria.

“However, the PIB’s proposals, as it is, would promote environmental impunity in the oil industry and exacerbate social dislocation in the oil-bearing communities in the Niger Delta.

“On Tuesday, January 26. 2021, representatives of oil-bearing communities and civil society organisations from the Niger Delta were denied the right to participate in so-called Public Hearings organised by the Senate.

“After dedicating the first day of the hearing to take elaborate presentations from oil company representatives and government stakeholders, the Chairman of the Committee promised to allow the presentation of host communities’ views the next day.

“Unfortunately, rather than accord the representatives of oil-bearing communities the same attention, they were denied the opportunity to speak and instead asked to ceremonially hand over copies of their memorandum to the session Chairman.

“Again, we noted a similar display at the House of Representatives Hearing where members of oil host communities were denied access to the public hearing hall.

“We consider the manner the National Assembly has handled host communities and civil society contributions in these hearings as deliberately aimed at ensuring those critical voices are not heard.

“As the Petroleum Industry Bill is critical to the functionality of the oil and gas sector and the Nigerian economy, it is of utmost importance that all stakeholders are treated equally and accorded the same opportunity to discuss its contents and proposal.

“We are also profoundly concerned about the limited number of days and hours allocated to the Public Hearings on the PIB. Each day’s session lasts between 10 am and 1 pm. On the average, only about three hours are spent on the hearings each day, amounting to only six hours of public hearings in both houses of the legislature. To say the least, this is grossly inadequate and does not indicate a commitment to aggregating and considering all views.”

He said further that while the PIB remains the oldest and perhaps the most contentious bills in Nigeria’s legislature, it has suffered several setbacks, adding that “while we support a speedy passage of the Bill, we are more interested in such bill’s content and quality.

“As currently proposed, the PIB 2020 is inadequate to address the environmental, human rights and livelihoods concerns of host communities. Proposal for a host communities development fund does not support the participation of the communities in decision making.

“The governance structures proposed for the host communities fund deliberately deny any meaningful level of community participation while overtly promoting oil companies’ control and prominence.

“Oil companies described as ‘Settlors’ in the Bill are empowered to set up the Board of Trustees of the Trusts and conduct needs assessment and produce development plans on behalf of host communities. We believe that the level of emphasis on oil companies could fuel oil industry divide-and-rule tactics and stoke communal conflicts.

“It is also important to note that environmental pollution concerns are almost entirely ignored as the Executive Bill focuses more on production and commercial viability of the industry. The PIB 2020 ‘disempowers’ federal and state environmental agencies from the monitoring and enforcement of environmental regulations in the petroleum industry.

 “While Nigeria records the highest and unacceptable levels of crude oil spills globally, and the country is among the worst in gas flaring globally, the PIB 2020 fails woefully in addressing these issues. There is no clear provision for addressing environmental pollution and sanctioning polluters. The bill fails to introduce any new measures to encourage the elimination of routine gas flaring.

“A key source of contention in the PIB, at least from the point of view of host communities, is the fact that it places responsibility for the protection of pipeline and other oil infrastructures with the communities.

“According to the Bill, the host community advisory committee ‘take responsibility for first line protection of facilities and ensure that petroleum operations are uninterrupted by members of their community failing which, benefits from the trust to the host community shall be.

He argued that placing the protection of oil installations on some unarmed host communities is unrealistic as “previous researches conducted by Social Action reveals that oil theft which is the major reason for puncturing oil pipelines is carried out mainly by armed cartels who are most times not even members of the community”.

He stressed if this provisions of the law is allowed to stand, “it could result in consistent denial of benefits which could in turn engender conflicts.”

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PH refinery: 200 trucks will load petroleum products daily, says Presidency

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Port Harcourt Refinery

PH refinery: 200 trucks will load petroleum products daily, says Presidency

No fewer than 200 trucks are set to load petroleum products at the government-owned Port Harcourt Refinery, the presidency has said.

A presidential spokesperson, Sunday Dare, made this known in a statement through his official X handle on Tuesday.

Newstrends had reported that the Nigerian National Petroleum Company on Tuesday announced that Port Harcourt Refinery has resumed operations and crude oil processing after years of inactivity.

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Reacting, Dare said, “200 trucks are expected to load products daily from the refinery, Renewing the Hopes of Nigeria.”

He added that “the Port Harcourt refinery has two wings.

“The Old Refinery comes on stream today with an installed production capacity of 60, 000 barrels per day of crude oil.”

 

PH refinery: 200 trucks will load petroleum products daily, says Presidency

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Breaking: CBN increases interest rate to 27.50%

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Breaking: CBN increases interest rate to 27.50%

 

The Central Bank of Nigeria (CBN) has raised the lending interest to 27.50 per cent from 27.25 per cent.

This latest increase in the Monetary Policy Rate came after a meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Monday and concluded Tuesday.

The Monetary Policy Rate measures the benchmark interest rate.

The CBN Governor, Yemi Cardoso, announced this in Abuja on Tuesday after the MPC meeting, last for the year, held at the apex bank’s headquarters.

He said the MPC voted unanimously to raise the MPR by 25 basis points from 27.25% to 27.50%; and retain the Cash Reserve Ratio (CRR) at 50% for Deposit Money Banks and 16% for Merchant Banks.

The CBN governor also said the MPC retained the Liquidity Ratio (LR) at 30% and Asymmetric Corridor at +500/-100 basis points around the MPR.

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Nigeria’s unemployment rate dropped to 4.3% in Q2 – NBS

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Nigeria’s unemployment rate dropped to 4.3% in Q2 – NBS

 

Nigeria’s unemployment rate stood at 4.3 per cent in the second quarter of 2024, the National Bureau of Statistics (NBS) has said in its latest report.

The report released on Monday said the unemployment rate decreased compared to the 5.3 per cent recorded in the Q1 of 2024.

The NBS defined the unemployment rate as the share of the labour force (the combination of unemployed and employed people) who are not employed but actively searching and are available for work.

“The unemployment rate for Q2 2024 was 4.3%, showing an increase of 0.1 percentage point compared to the same period last year,” the report stated.

“The unemployment rate among males was 3.4% and 5.1% among females.

“By place of residence, the unemployment rate was 5.2% in urban areas and 2.8% in rural areas. Youth unemployment rate was 6.5% in Q2 2024, showing a decrease from 8.4% in Q1 2024.”

Report also said the unemployment rate among persons with post-secondary education was 4.8 per cent; 8.5 per cent among those with upper secondary education, 5.8 per cent for those with lower secondary education, and 2.8 per cent among those with primary education in Q2 2024.

Employment rate – 76%

The report showed that the employment-to-population ratio, which measures the number of employed workers against the total working-age population, increased to 76.1 per cent in Q2 2024.

“In Q2 2024, 76.1% of Nigeria’s working-age population was employed, up from 73.1% in Q1 2024,” the report stated.

Self-employment – 85.6%

The report further showed that Nigeria’s labour market saw a notable shift as the proportion of self-employed individuals increased in Q2 2024.

It stated, “The proportion of persons in self-employment in Q2 2024 was 85.6%.”

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