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Reps step down NASS pension board Bill

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A Bill seeking to establish National Assembly Service Pension Board was on Wednesday stepped down by the House of Representatives.

The Bill sought to automatically exclude the national assembly service from the contributory pension scheme.

The bill was scheduled on the Order Paper for third reading before some members of the committee’s objected to the passage.

Rep. Bamidele Salam, the Deputy Chairman of the House Committee on Pension had raised objection on the bill for failing to pass through a public hearing.

Bamidele and other members of the committee said that no public hearing was conducted on the bill which was contrary to the House rules.

Contributing, Rep. Cook Olododo (SDP-Kwara) said members of the committee were not at the plenary to object the decision of the house when the bill was committed to the committee of the Whole by the presiding officer.

He said some of the lawmakers had gone for their parties primaries in their states.
Deputy Speaker Idris Wase, who presided over plenary when the Bill was committed to the committee of the Whole faulted members for not adhering to the 60 days rule.

According to him, the committee was discharged from conducting public hearing 60 days after it failed to turn in report on the establishment of the National Assembly service pension board.

The Speaker Femi Gbajabiamila, however called on the members to tread with caution in passing such a legislation without input from necessary stakeholders.

Gbajabiamila said the committee wrote to him asking for fund to conduct public hearing, but added that at the time, there was no fund to give the committee.
The Speaker stepped down the bill ,while calling for further consultation.

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Police on trail of man over homosexual practice

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Men of the Nigerian Police Force are reportedly on a manhunt for one Mr. Okechukwu Andrew Ogbonna, of 2, Owoseni Street, Oshodi, Lagos State who has allegedly contravened the Same-sex Marriage Prohibition Act of 2013 by allegedly publicly contracting a same-sex marriage with one Mr. Joshua his alleged partner.

A source noted that the said Mr Ogbonna is now at large, and the police have turned to his aged mother and legal wife to ensure his re-arrest and prosecution.

The suspect was arrested on the 25th day of May 2022 after the duo were seen in a compromised position publicly and he was  subsequently granted bail on the 27th of 2022.

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Divestments by foreign companies presents opportunities for strategic partnerships, capacity building of indigenous players – FG

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The Federal Government through the Minister of Petroleum Resources (Oil), Heineken Lokpobiri has argued that divestments by foreign companies in the oil and gas industry presents opportunities for strategic partnerships and capacity building of indigenous players.

The country has recorded International oil companies divesting i from Nigerian crude oil and gas, selling off their assets and seeking other revenue streams. Nigeria currently has five international oil companies still operating in the country: Shell Producing Development Company, Chevron, TotalEnergies, ExxonMobil and Eni.

Represented by the Permanent Secretary of the Ministry, Amb.Gabriel Aduda at the 12th Practical Nigerian Content Forum hosted by the Nigerian Content Development and Monitoring Board (NCDMB) in Yenogoa, he urged stakeholders to remain calm and not be alarmed by divestments hitting the oil and gas industry.

According to him, divestments come along with opportunities and this opportunities must be given attention.

“We recognize that divestment presents various challenges but also presents opportunities for local capacity building and technology transfer.” He said.

The Minister urged the industry to embrace challenges posed by divestments to promote diversification.

He identified that the stakeholders must forge ahead with a vision where the oil and gas industry serves as a catalyst for socio economic development.

The Minister also reiterated the commitment of the Government to foster local content development.

He reiterated the commitment of the FG to promoting decarbonization, cleaner and sustainable energy practices.

The Minister revealed that the government is investing heavily in technology and fostering innovation to reducing emissions.

“To achieve this goals, collaboration amongst local players and communities is paramount to promote clearer energy initiatives and investments.” The Minister stated.

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IPPG seeks review of NOGICD act to promote competition, investments

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The Independent Petroleum Producers Group (IPPG) has called for a review of some sections of the Nigeria Oil and Gas Industry Content Development Act (NOGICD) 2010 to promote competition and increase investments.

Speaking at the 12th Practical Nigerian Content Forum hosted by the Nigerian Content Development and Monitoring Board (NCDMB) in Yenogoa, Abdulrazaq Isa, Chairman of the IPPG and CEO of the Waltersmith Petroman Oil Limited said: “Our industry is witnessing a transformational shift and this continues to underscore the repositioning of our industry.”

“As an industry, we must remain focused and rapidly exploit our vast hydrocarbon assets for the economic development of our nation. It is therefore important that we look inward to develop the socio-economic landscape of our country.”

“The NOGICD act 2010 is capable of unlocking the economic potential of Nigeria and being an enabler for rapid industrialization.”

Abdulrazaq urged the NCDMB to ensure that local content policies are evaluated and fit for purpose and not counterproductive to the industry’s growth and cost targets.

The IPPG Chairman identified the human capital development requirement of the act as a case point noting that it amounts to multiplication of levies and invariably leads to higher project costs as the companies themselves don’t benefits from the funding dedicated to developing human capital.

He also explained that the multiplicity of levies though unintended to promote local content participation is contributing to low compliance with the act and divestment of investments by foreign operators.

Abdulrazaq noted that the oil and gas industry is a global market and thus as much as the government wants to priotize local content, it must also make the industry globally competitive.

He highlighted that the government must contijue to recognize foreign oil and gas companies as important as they have a part to play in technology transfer pending when local players improve their capacity to support offshore exploration.

The IPPG Chairman also praised the NCDMB ES for raising the bar in local content development.

He noted that the Practical Nigerian Content has always provided a platform for fostering key colloborations in developing the NOGICD for local content development.

The 12th Practical Nigerian Content Feoum holding in Yenagoa, Bayelsa State is themed “Deepening Nigerian Content amidst divestments, domestification and decarbonisation.”

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