Skip to main content

Experts Set Agenda For National Assembly On Early Passage Of PIB

Stakeholders in the oil and gas sector have tasked members of the 9th National Assembly on the need to expedite action in the passage of the recently transmitted Petroleum Industry Bill by President Muhammadu Buhari.

The experts expressed these views on Monday in Abuja at a forum to suggest the ways forward regarding the necessity of having the bill passed.

They also stressed the need for an efficient structured National Oil Company to create different economic opportunities using proceeds from the oil and gas sector.


According to the guest speaker at the event, Prof Uche Uwaleke, who delivered a paper on the impact of fuel subsidy on the nation’s economy, several drawbacks arising from its N1trn annual financial burden as well as its effects on the national budget deficit which ultimately necessitated borrowing was an issue.

He also called on policy makers to come up with ideas aimed at utilising revenues to be saved from subsidy to develop other sectors of the economy.

He, however, called on the government to engage in an enlightenment campaign and sensitise people on the advantages of subsidy removal to the economy and its long term benefits to the wellbeing of the people.

On his part as a legal consultant, Adegbite Adeniji called on the executive and legislature to use the current bill to reposition the oil and gas sector, which he said holds the key to the speedy and permanent diversification of the economy.

He said stakeholders must endeavour to solve the lack of inter-agency cooperation that has been the bane of effective regulations in the country, leading to duplications and multiple fines or levies imposed on regulated entities, thereby discouraging investment.

Oil

News

AddThis

: 

Original Author

: 

SaharaReporters, New York

Disable advertisements

: 

from 24HRSNEWS
via 24HRSNEWS



from EDUPEDIA247https://ift.tt/36Coo4z
via EDUPEDIA

Comments

Post a Comment

Popular posts from this blog

These funny food quotes will make you laugh like crazy

Food is not only an essential part of the daily routine but also the most exciting one. We cannot imagine our life without something yummy. How do you make ordinary eating fun and unforgettable? We bring to your attention amazing food quotes which will definitely make you smile. Image: unsplash.com (modified by author) Source: UGC Are you looking for interesting ideas to entertain your interlocutor while having lunch at work or family dinner? Then this article is definitely for you! Good food quotes Below are food quotes, aphorisms and witty statements. This is an exciting and extraordinary collection of the top "pearls of wisdom" on this topic. Here you can find funny jokes and sayings, intelligent thoughts of philosophers and original words of great thinkers and inspiring statuses from social networks, as well as many other things. The best appetite comes without food. I love calories. They are dаmn tasty. An empty stomach is the Devil's playground. Have bre
Post a Comment
Read more

The Transitional Phase of African Poetry

The Transitional Phase The second phase, which we have chosen to call transitional, is represented by the poetry of writers like Abioseh Nicol, Gabriel Okara, Kwesi Brew, Dennis Brutus, Lenrie Peters and Joseph Kariuki. This is poetry which is written by people we normally refer to as modem and who may be thought of as belonging to the third phase. The characteristics of this poetry are its competent and articulate use of the received European language, its unforced grasp of Africa’s physical, cultural and socio-political environment and often its lyricism. To distinguish this type of poetry we have to refer back to the concept of appropriation we introduced earlier. At the simplest and basic level, the cultural mandate of possessing a people’s piece of the earth involves a mental and emotional homecoming within the physical environment. Poems like Brew’s ‘‘Dry season”, Okara’s “Call of the River Nun”, Nicol’s “The meaning of Africa” and Soyinka’s “Season”, to give a few examples,
Post a Comment
Read more

The pioneering phase of African Poetry

The pioneering phase We have called the first phase that of the pioneers. But since the phrase “pioneer poets” has often been used of writers of English expression like Osadebay, Casely-Hayford and Dei-Anag, we should point out that our “pioneer phase” also includes Negritude poets of French expression. The poetry of this phase is that of writers in “exile” keenly aware of being colonials, whose identity was under siege. It is a poetry of protest against exploitation and racial discrimination, of agitation for political independence, of nostalgic evocation of Africa’s past and visions of her future. However, although these were themes common to poets of both English and French expression, the obvious differences between the Francophone poets and the Anglophone writers of the 1930s and 1940s have been generally noted. Because of the intensity with which they felt their physical exile from Africa, coupled with their exposure to the experimental contemporary modes of writing in F
Post a Comment
Read more