Skip to main content

Buhari declines assent to oil spill detection agency bill, gives reason

- President Buhari turned down oil spill detection agency Bill

- The National Assembly passed the Bill and transmitted it to the president for assent in 2018

- The president, however, declined assent to it, saying that the undermines the powers of the minister of petroleum resources and the functions of the ministry

President Muhammadu Buhari has reportedly declined assent to the National Oil Spill Detection and Response Agency (NOSDRA) Act (Amendment) Bill.

According to The Nation, the National Assembly passed the Bill and transmitted it to the president for assent in 2018.

Legit.ng gathers that Senate President Bukola Saraki read the refusal of assent letter on the floor of the Senate on Wednesday, March 14.

READ ALSO: DSS reportedly recovers 350 PVCs in home of Gov Darius’ aide

Explaining why he turned down the bill, President Buhari said that his decision to refuse assent to the bill was pursuant to Section 58 (4) of the 1999 Constitution of the Federal Republic of Nigeria (as amended).

He noted that the bill undermined the powers of the minister of petroleum resources and the functions of the ministry.

“I am declining assent to the bill because in a number of important sections, the bill undermines the powers of the minister of petroleum resources and the functions and responsibilities of the Ministry of Petroleum Resources,” the president said.

The president also reportedly frowned at the imposition of 0.5% of operation funds on oil companies, which, he said, will create additional tax burden on oil firms operating in the country.

He listed the contentious areas in the bill to include Section 3, 6 (1a), 7 (a) and (b), 8, 9 and 11.

“Section 8 of the bill imposes a new charge and the industry of 0.5 percent of Operation Funds of oil companies for the enforcement of the environmental legislations in the petroleum sector.

“This imposition is an additional burden on the industry, particularly given that it is unclear what operation funds mean for the purpose of applying the provisions of the bill,” he said.

PAY ATTENTION: Install our latest app for Android, read best news on Nigeria’s #1 news app

Meanwhile, Legit.ng previously reported that President Muhammadu Buhari said the federal government is doing its best to correct and reverse the terrible mismanagement the country had experienced, “and with some luck, our best will be good enough.”

The president stated this when he received a delegation of non-career Ambassadors, who came to State House, Abuja, to congratulate him on his re-election.

He said Nigeria was trying to live within her means, “so we can improve our lot,” adding that government was determined to upgrade the country’s profile, both locally and internationally.

NAIJ.com (naija.ng) -> Legit.ng: Same great journalism, upgraded for better service!

INEC announces Buhari as 2019 election winner, Nigerians react | Legit TV

Source: Legit.ng



from Nigeria News today & Breaking Naija news ▷ Read on Legit.ng 24/7 https://ift.tt/2JcJNYh
via EDUPEDIA24/7

Comments

Post a Comment

Popular posts from this blog

Nigerian Academy Of Science Inducts First Female President

The Nigerian Academy of Science has inducted a professor of Parasitology/Epidemiology, Ekanem Ikpi Braide, as its 19th President on Thursday. In a statement issued by Oladoyin Odubanjo, the Executive Secretary of the Academy, Braide is the Academy’s first female President in 44 years of existence. It read, “Braide was a member of the national committee that achieved the laudable feat of guinea worm eradication in Nigeria. “She has a rich professional experience as a researcher and an administrator. In July 2010, Professor Braide was honoured by the President of Nigeria with the award of Officer of the Order of the Federal Republic (OFR) for her contribution to disease control in Nigeria. “She was nominated by the Honourable Minister of Health to serve in the Ministerial Expert Advisory Committee on COVID-19 Health Sector Response (MEACoC-HSR). “Professor Braide served as Vice-Chancellor, Cross River University of Technology (CRUTECH) Calabar, Nigeria (2004 to 2009) and as P...
Post a Comment
Read more

NLNG Signs Letter Of Intent On Delayed Gas Expansion Project

The Nigerian Natural Liquefied Gas LTD has signed a letter of intent for the engineering, procurement and construction of its long held up Train Seven project. In a statement released by the company on Wednesday, it said that the $10bn project will be executed by a consortium of Italian firm Saipem, Japan’s Chiyoda and South Korea’s Daewoo. The statement reads, “The project will form part of the investment of over $10bn including the upstream scope of the LNG value chain, thereby boosting the much needed Foreign Direct Investment profile of Nigeria.” Managing Director of NLNG, Tony Atta, said in 2018 that the Final Investment Decision would be made in the fourth quarter of that year. This did not however, materialize. According to the release, the project will have a four to five-year execution time after the signing of the FID. The project is expected to add an extra 8 million tons per annum of gas to the 22 mtpa currently exported by the company. Oil News AddThis :...
Post a Comment
Read more

Former Maritime Agency Boss, Buba Galadima, Accuses AMCON Of Witch-hunt After Property Takeover

  A former Director-General of the Nigeria Maritime Agency, Buba Galadima, has accused the Asset Management Corporation of Nigeria of witch-hunt after the agency took possession of his business and assets on Tuesday in Abuja. Galadima, an ardent critic of President Muhammadu Buhari, claimed that he did not borrow money or have unpaid debt with Unity Bank, which lodged a complaint against him and occasioned AMCON’s move on Tuesday. The properties taken over include House No. 15, Addis Ababa Crescent, Wuse Zone 4, Federal Capital Territory, Abuja and House No. 4, Bangui Street, Wuse 2, also in Abuja.  Reacting to the situation, Galadima said, “This is an attempt to disgrace and break me down. This is injustice and an attempt to humiliate me. "But I am unbreakable and they can never silence me. They sacked me and over 50 people that sleep in the apartment. "We don’t know where to go. We will remain on the streets. We will remain on the streets until God provi...
Post a Comment
Read more