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PIB may be passed by first quarter of 2021 – Sylva

The Minister of State for Petroleum has said that the Petroleum Industry Bill (PIB) may be passed into law by the first quarter of 2021.

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Gas is the new petrol - FG to Nigerian car owners, intervention fund, NCDMB, output cut, Petroleum Industry Bill to be passed by mid-2020, says Sylva, FG discovers crude oil in north, says there’s more , OPEC, non-OPEC countries to meet as Saudi, Russia price war affects Nigeria’s budget, FG considers fuel price reduction, OPEC deal: Nigeria to generate additional $2.8 billion revenue as FG reacts

The Minister of State for Petroleum Resources, Timipreye Sylva has disclosed that the Petroleum Industry Bill (PIB) may be passed into law by the first quarter of 2021.

Sylva explained that he is not saying categorically and conclusively that the PIB will be passed, but going by the pace of work the ministry has seen the National Assembly do, everything being equal, he projects that the PIB will be passed latest by the first quarter of 2021.

In an interview, which he shared via the ministry’s Twitter handle, he said, “PIB is well. But, it is out of the executive’s hand at the moment. The executive completed its own part by drafting the Bill. The ball is now with the National Assembly. The latest information we have is that the draft Bill has already passed the second reading in the Senate. They have sent the draft to the committees.

“The House of Representatives would take up from there and look at it next week. Our expectation is that both Chambers of the National Assembly would go through the committee stages by the first quarter of next year and pass it into law, everything being equal.

“Everything depends on the pace of the legislation process by the National Assembly. If the two chambers pass second readings, and it is just the committees that are left to look at the Bill and hold public hearings, which we believe can happen within the first quarter of next year, the actual passage of the Bill can happen about the same period. We are very optimistic.”

He added that over the years, the petroleum industry has grown more towards the upstream exploration and production sector.

On why the midstream sector of the petroleum industry has been neglected over the years, “It is because the fiscal framework for its development was non-existent. Our expectation is that the PIB will now create the fiscal framework that would encourage the growth and development of the sector. The time is ripe for the industry to produce the jobs that would mop up all those opportunities and sweep all the unemployed young Nigerians from the streets.

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“There is no better way of diversifying the country’s economy than through a well-developed oil and gas industry, particularly with the huge gas resources in Nigeria. So, PIB will be the most credible attempt towards a holistic diversification of the Nigerian economy,” he added.

What you need to know

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Nairametrics had reported that there is a strong indication that if the Petroleum Industry Governance Bill (PIGB) is finally passed into law by the National Assembly, the existing Department of Petroleum Resources (DPR), the Petroleum Products Pricing Regulatory Agency (PPPRA), and Petroleum Inspectorate (PI) may be scrapped; thereby, giving way for the Nigeria Petroleum Regulatory Commission to take over their functions.

The Petroleum Industry Bill (PIB) is currently under legislative consideration and represents the most comprehensive review of the legal framework for the oil and gas sector in Nigeria since the industry began commercial operations in the 1960s. The Petroleum Industry Bill (PIB), an omnibus law is meant to regulate the entire sphere of the industry and repeal most existing oil and gas legislations.

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Abiola has spent about 14 years in journalism. His career has covered some top local print media like TELL Magazine, Broad Street Journal, The Point Newspaper.The Bloomberg MEI alumni has interviewed some of the most influential figures of the IMF, G-20 Summit, Pre-G20 Central Bank Governors and Finance Ministers, Critical Communication World Conference.The multiple award winner is variously trained in business and markets journalism at Lagos Business School, and Pan-Atlantic University. You may contact him via email - [email protected]

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JAMB bans use of email by candidates for UTME, DE registration

JAMB has announced that candidates for the UTME and Direct Entry will no longer be required to provide their email addresses at the point of registration.

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The Joint Admission and Matriculation Board (JAMB) has announced that candidates for the Unified Tertiary Matriculation Examination (UTME) and Direct Entry will no longer be required to provide their email addresses at the point of registration.

The new adjustment is to protect candidates from various forms of manipulation and distortion of their personal details by some fraudulent cyber café operators.

The Registrar of JAMB, Prof. Is-haq Oloyede, who made the disclosure while addressing newsmen at the board’s headquarters on Wednesday in Bwari, Abuja, said the change, would take effect from Thursday, April 15, 2021.

What the JAMB Registrar is saying

Oloyede said, “They gain access to profiles of these candidates under the pretense of creating an email address for them. Then they change and block the candidates from receiving messages from the board. They also extort them after they change their passwords.

In view of this, the board has come up with adjustments to our operations. The first decision is that beginning from Thursday, April 15, candidates would no longer be required to provide any email address during registration from this year onwards.

It is by going to these cyber cafes to open emails that these candidates are open to abuse and stealing of their personal data,’’ he said.

He said that the board now had a mobile app that would allow candidates to deal directly with the board with their smartphones or via SMS to ‘55019’ code option.

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The code option, he explained, would allow candidates to check admission status as well as all other verifications via SMS.

He said, “Printing of examination slips, results notification or raising tickets can be done anywhere by using candidates’ registration number only. However, at the close of registration every year, we would need the email addresses of the candidates so we can have access to as many of them as possible.

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At the conclusion of registration, candidates are expected to send their email addresses through the mobile app or text message to the 55019 code twice, for validation. This is to update their profile with JAMB as the email will no longer be used as access to their profile, but rather as a communication tool with candidates.’

While advising candidates to guard their phones with utmost care as it was the weapon for all transactions, Oloyede said that henceforth, all JAMB owned Computer-Based Tests (CBT) centres across the country, would only allow candidates with ATM cards into its centres.

He said that in order to cut down on the activities of fraudsters who hijack candidates to extort money from them, the centres would no longer allow candidates go outside the centres to pay for their e-pins and other cash transactions.

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The JAMB Registrar said, “Only candidates with ATM cards will be allowed into all JAMB owned CBT centres, it can be that of their parents as long as they have the pin for the transaction.

“Those without ATM cards can go to other privately owned CBT centres where they can pay cash to register but we will not take cash or transact outside our centres.’’

What you should know

Meanwhile, in a related development, JAMB had said that the board lost over N10 million in 2020 to activities of fraudsters who penetrated their payment portal for ad-hoc staff.

The JAMB Registrar said that the money, which was meant to pay JAMB ad-hoc staff from the 2020 Unified Tertiary Matriculation Examination (UTME), was hijacked by the suspected fraudsters.

JAMB had a few days ago confirmed the commencement of registration for the 2021 UTME/DE examinations after the initial hiccup.

It stated that applicants must provide NIN at the point of registration with the registration by Direct Entry candidates to run concurrently with that of UTME candidates.

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FG grants 8 barge operations licenses as cargo movement to Onitsha port, others set to commence

The government is likely to generate billions of naira in revenue from the movement of cargo from Lagos ports to other inland ports across the country.

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We don’t have $1 billion hidden account – NPA

The Federal Government has issued operating licences to about 8 barge operators to move containers from Lagos Ports to Onitsha River Port and other inland ports through the country’s inland waterways.

This is as the government is likely to generate billions of naira in revenue with the planned movement of cargo from Lagos ports to Onitsha River Port and other inland ports across the country.

According to a report from Thisday, the Federal Government would likely generate as much as N30 billion annually from that operation if well managed, although the Nigerian Inland Waterways Authority (NIWA) is yet to make the estimated revenue from the effort public so as not to jeopardize the project.

This is coming after some government officials had in August 2020, announced that some government maritime agencies are working on modalities for the commencement of transportation of containers from Lagos ports to Onitsha River port through barges.

The Managing Director of NIWA, George Moghalu, at a meeting with the stakeholders in Lagos, said that moving cargoes by waters through barges would be cheaper than roads adding that the initiative was part of ongoing efforts to solve the gridlock in Lagos ports.

What the Managing Director of NIWA is saying

He said that NIWA management decided to have a meeting with the barge operators that it has already licensed to fashion out ways to make the project successful.

Moghalu specifically said, “So it is all about moving cargo between Lagos and Onitsha and other inland ports. We have licensed about eight barge operators. A lot of people have applied but we are being very careful because we have the Standard Operating manual, which we strictly insist that you have to meet all the requirements. At the same time also we do not lose sight of the fact that NPA also licenses barge operators. We try to synergise our operations so standards are not compromised.”

He said the use of the nation’s waterways would save the country’s decaying infrastructure and the money spent on repairing and rebuilding them and increase revenue generated by the government.

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On the security of cargo, the NIWA boss said: “Even on the road, there are security challenges. So, there are security challenges everywhere and there is no way we would discuss the movement of cargoes without looking at the security challenges. There’s a case of getting everybody involved, the Navy, Police, the NIWA Police, Marine Police and even the local communities because security is everybody’s concern and we all have to address it.”

He pointed out that the charges for using the waterways would be cheaper than moving cargoes by road as the modalities for moving cargoes from Lagos to Onitsha is being worked out.

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He said, “People are creating unnecessary fear about insecurity, when I came into the office and made up my mind to explore the possibility of using our inland waterways, everybody discouraged me. Then we did a trial run using Onne to Onitsha and it worked.

It is about identifying the channel, and surveys on a regular basis. We have our report guiding those that are going to use it and they will use it. I don’t want to be discouraged and I don’t want anything to dampen my enthusiasm like the enthusiasm of those working with us, the channels are navigable and the consignment will move.”

In case you missed it

The National Inland Water Ways Authority had last month, made public its intention to move 1000 containers per trip from Lagos ports to Onitsha river port within a maximum duration of 4 days.

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It said that the idea of hauling containers from Lagos ports via Burutu Ports to Onitsha River Port is to deliberately avoid the two small bridges of Gbarekolo and Bumandi, which are too tiny and shallow for sea-moving badges or vessels to ply.

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