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Reps To Pass PIB In April- Gbajabiamila
Speaker of House of Representatives Femi Gbajabiamila says the lawmakers plan to pass Petroleum Industry Bill (PIB) by April.
Gbajabiamila made the announcement while speaking at a public hearing on the Bill, organised by the House ad hoc Committee on PIB on Wednesday in Abuja.
He said that the oil industry had been performing below expectations due to the absence of national legislation.
According to him, it is disappointing and frankly difficult to explain how successive governments have failed to deliver on the reform.
“This public hearing allows all stakeholders to contribute to the Bill for an Act to provide legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry, the development of host communities, and for related matters.
“It is an opportunity for all of us to collaborate to improve this Bill, so when it becomes law, it will serve the best interests of all our people.
“The process of engaging with stakeholders will continue beyond this public hearing to accommodate the diversity of interests and ensure all critical views form part of the deliberations that inform the final legislation.
“We must first make sure our oil and gas industry is more productive, more efficient and more profitable at a time of declining global profitability,” he said.
Gbajabiamila explained that the PIB, when passed would address peculiar and localised concerns in ways that will allow the oil and gas industry to compete more effectively globally.
He said that Nigeria would borrow from what had worked for other countries and implement uniquely to suit the current needs locally.
The lawmaker said that the PIB was a necessary step towards reorganising the sector to respond to the new global reality of decreasing demand and the diminished profitability of fossil fuels.
“Our assignment here is first to ensure Nigeria’s oil and gas industry operates optimally for the benefit of all Nigerians.
“Then we must see to it that the industry generates the resources we need to prepare Nigeria for a future when fossil fuels are worth even less than they are now.
“Other countries have woken to the challenges of the new dynamics in the international market for crude oil and natural gas.
“Some have begun to adapt to these new realities, whilst others have already done so; So my charge to everyone that will be participating is not to close our minds or our ears to the views and the positions that may be advanced by various interest groups.
“We are in a world, an economic world, so there must be interest groups, they will be interest groups and we cannot deny that.
“But what should guide the outcome of what we do here as we accommodate more views will be what will be in the best interest of the people,” he said.
Minister of State for Petroleum Resources, Timipre Silva expressed happiness that the Bill was about to be passed after 20 years of its introduction.
He said that both chambers of the National Assembly have shown sustained determination to pass the Bill.
Group Managing Director, Nigerian National Petroleum Corporation, (NNPC), Mr Mele Kyari said that crude oil would still be relevant in the world in the next 30 years.
He said that the passage of the Bill would ensure the needed vigour and transparency that would in turn engender productivity in the petroleum industry. (NAN)
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STATE HOUSE PRESS STATEMENT: NO PART OF TAX REFORM BILLS RECOMMENDS SCRAPPING TETFUND, NASENI, AND NITDA…NO PROVISION WILL IMPOVERISH THE NORTH
Since the public debate around the transformative tax bills before the National Assembly began in the last few weeks, various political actors and commentators have tried to obfuscate the facts, deliberately misinforming and misleading the public.
Unfortunately, most reactions are not grounded in facts, reality, or sufficient knowledge of the bills. While some commentators have attempted to incite the people against lawmakers, others have polarized one section of the country against another.
The tax reform bills will not make Lagos or Rivers more affluent and other parts of the country, as recklessly canvassed, poorer. The bills will not destroy the economy of any section of the country. Instead, they aim to enhance the quality of life for Nigerians, especially the disadvantaged, who are trying to make a living.
Contrary to the lies being peddled, the bills do not suggest that NASENI, TETFUND, and NITDA will cease to exist in 2029 after the passage of the bills.
Government agencies, such as NASENI, TETFUND, and NITDA, are funded through budgetary provisions with company income tax and other taxes paid by the same businesses that are being overburdened with the special taxes.
One reason President Bola Tinubu embarked on the Tax and Fiscal Policy Reforms is the need to streamline tax administration in Nigeria and make the operating environment conducive for businesses.
For decades, businesses, investors, and private sector players in Nigeria have complained of being overburdened by a myriad of taxes and levies, including those earmarked to fund various government agencies and initiatives.
The multiple taxes complicate the economic environment, making Nigeria uncompetitive for investment and preventing many businesses from growing or continuing their operations. Some companies have had to make the rational decision to relocate to other countries. We can not continue on this path or wait for 20 years if this country is to deliver the prosperity we need for our people.
The proposal, as contained in section 59(3) of the Nigeria Tax Bill, only seeks to consolidate some of the earmarked taxes imposed on companies and replace them with a single tax to be shared with the key agencies as beneficiaries in a phased manner until 2030.
The time frame offers ample opportunity for the affected agencies to explore other funding sources in addition to budgetary allocations in line with the constitution and international best practices.
It is a misrepresentation of facts to conclude that changing an agency’s funding source amounts to scrapping it. None of the countries leading globally in education, science, engineering, or information technology have similar earmarked taxes.
The government imposes major taxes, be it income tax, consumption tax, or other taxes, to channel resources to its areas of priority at the time. Imposing a separate tax to fund an agency is an aberration that has yet to yield results despite the huge burden on businesses. The tax bill seeks to address this problem.
Relevant stakeholders and public analysts owe it a duty to properly educate themselves about the bills’ contents and avoid misleading the public for any reason. We may be entitled to our opinions, but such views must be informed and based on facts, not emotions targeted at inflaming passions.
In a period like this, when our people across the country look up to leaders for guidance and direction on matters of public importance, such as the Tax Reform Bills, leaders should be more measured in their public utterances to avoid heating the polity and polarising the country unduly.
President Tinubu welcomes the public interest these bills have generated. He encourages leaders across the country, including Governors, Traditional rulers, Civil Society Activists, Students, trade associations, professional associations, and the general public, to take advantage of the Public Hearings that the National Assembly will organise to present their views on how best to reform our taxes and fiscal regime.
What is never in doubt is the imperative of changing the existing tax laws and administration that have become obsolete and unhelpful in achieving the growth and development we desire for our country.
Bayo Onanuga
Special Adviser to the President
(Information & Strategy)
December 2, 2024
News
Count us out of United States of Biafra-Igala youth council
Olu Samuel, Lokoja
The Igala Youth Council, IYC has dissociated the Igala Nation from being referred to as one of the states in the proposed United States of Biafra by the indegenous People of Biafra,IPOB
The organization condemned the Indigenous People of Biafra (IPOB) for including the Igala nation in their proposed “United States of Biafra” without their consent.
This was contained in a statement issued on Monday and made available to Newsmen in Lokoja
“This strong stance was taken during an emergency meeting held on December 1, 2024, in response to a viral video outlining IPOB’s plan for a 40-state Biafran nation.”The statement noted.
The statement signed by the national publicity secretary Michael Achor Joshua emphasized that the Igalas Nation was never consulted or invited to discuss this proposal, and therefore , reject IPOB’s attempt to include them in their secessionist agenda.
The council stressed that “the Igala nation demands good governance for all its people within the Nigerian nation, rather than being dragged into IPOB’s “madness.”
“It’s worth noting that IPOB’s actions have been a subject of controversy, with some viewing their agitation as a legitimate cry for self-determination, while others see it as a threat to national unity.”
The Council said that “The group’s methods, including the imposition of a weekly “sit-at-home” order, have been criticized for their disruptive impact on the economy and daily life in the Southeast region.”
The Council leadership called on Igalas across the globe to ignore that claim from the IPOB group and go about their lawful business in Nigeria.
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16 Days Activism: NHRC sensitises school against GBV in Kogi
Olu Samuel, Lokoja
The National Human Rights Commission, Kogi State office, has embarked on school sensitisation campaign aim to educate students against Gender Based Violence (GBV) in the state.
The campaign was in collaboration with Office of Kogi Governor’s wife, Nigerian Bar Association (NBA), Federation of Women Lawyers (FIDA), Civil Society Organisations (CSOs) and others, to mark the “16 Days of Activism to end Violence against Women and Girls 2024”.
Speaking at Muslim Community School, Lokoja, on Monday, Barr. Mohammed Nuhu, the State Coordinator of NHRC, said the campaign was to educate students and mobilize action to prevent and eliminate violence against women and girls.
According to him, the 16 Days of Activism to End Violence Against Women and Girls is an international campaign that takes place annually from November 25 to December 10.
Nuhu stressed that the commission is raising awareness about the prevalence and impact of violence against women and girls, stressing the need to promote policies and laws that protect women’s and girls’ rights.
He added that the campaign was also geared towards putting an end to bullying in schools and to bring GBV to the barest minimum.
Nuhu disclosed that the NHRC Kogi State office have handled approximately over 100 GBV cases in 2024 across the state.
“This awareness is geared towards bringing an end to GBV in our society. Very soon we shall embark on road show in collaboration with other stakeholders.
“We have handled over 100 cases on GBV in Kogi. We have done reconciliation and mediation, and those ones that needed persecution were referred to the State Attorney General.
“So, we urge the students to spread the message to their colleagues and parents as well as the general public on the need to end GBV,”Nuhu said.
Also speaking, Barr. Joy Akinola, President of Concerned Youth and Teens Forum, said the event was to get young people involved in the fight against GBV especially in schools.
She noted that this year’s theme: “Unite To End Violence Against Women and Girls”, was to draw attention to the alarming escalation of violence against women and girls, and revitalize commitments, call for accountability, and action from decision-makers.
“So, as part of our prevention mechanism, today, we inaugurated GBV club at Muslim Community Secondary School as GBV Ambassadors.
“We already identified two students per class, a male and female that are well behaved, and we are going to train them on GBV.
“Our collaboration with NHRC is geared towards uniting all the stakeholders together to jointly tackle the issue of GBV and say no to violence against women and girls,” Akinola said.
She explained that the GBV Ambassadors would help to checkmating and escalating any GBV issue in their various classes and schools so as to help victims of GBV to get justice.
Some selected students were decorated and inaugurated as GBV Ambassadors
Two students: Jumai Umar and Kemi Johnson, commended the NHRC and other stakeholders for the initiative and promised to join in the fight against GBV in their schools and at home.
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