PIB: Southern Govs Reject 3% Share Of Oil Revenue (Full Text Of meeting)
LAGOS JULY 6TH (NEWSRANGERS)-The Southern Governors’ Forum on Monday rejected the proposed 3% share of oil revenue to the host community and supported the five percent share recommended by the House of Representatives in the Petroleum Industry Bill (PIB).
Read full Communique below
COMMUNIQUÉ ISSUED AT THE CONCLUSION OF THE MEETING OF THE GOVERNORS OF
SOUTHERN NIGERIA AT THE LAGOS STATE GOVERNMENT HOUSE, IKEJA, LAGOS STATE, ON
MONDAY, 5TH JULY, 2021 NIGERIA.
The Southern Governors Forum at the end of the meeting held on Monday, 5th
July, 2021 reviewed the situation in the Country and focused on the current
security situation, constitutional amendment, Petroleum Industry Bill (PIB).
Rising from the meeting, the Forum agreed on the following:
1. Re-affirmed their commitment to the unity of Nigeria
on the pillars of equity, fairness, justice, progress and peaceful co-existence
between and amongst its people.
2. The Forum reiterates its commitment to the politics of equity, fairness and unanimously agrees that the presidency of Nigeria be rotated between Southern and Northern Nigeria and resolved that the next president of Nigeria should emerge from the Southern Region.
Security
3. a. The Forum reviewed the security situation in the
country and commends security operatives for their relentless efforts in
restoring security and safety and commiserates with families and loved ones of
those who have fallen in the line of duty;
b. Re-emphasised the need for State Police;
c. Resolved that if for any reason security
institutions need to undertake an operation in any State, the Chief Security
Officer of the State must be duly informed;
d. the forum frowns at selective criminal
administration of Justice and resolved that arrests should be made within the
ambit of the Law and fundamental human rights;
e. Set a timeline of Wednesday, 1st September, 2021 for
the promulgation of the anti open grazing law in all member States; and
f. Resolved that Funds deducted from the
Federation Account for the Nigeria Police Security Trust Fund should be
distributed among the States and Federal Government to combat security
challenges.
4. Petroleum Industry Bill (PIB) Law:
i. The Forum
commends the National Assembly for the progress made in the passage of the PIB;
ii. the Forum
rejects the proposed 3% and support the 5% share of the oil revenue to the host
community as recommended by the House of Representatives;
iii. the forum also
rejects the proposed 30% share of profit for the exploration of oil and gas in
the basins;
iv. However, the
forum rejects the ownership structure of the proposed Nigeria National
Petroleum Company Limited (NNPC). The Forum disagrees that the company be
vested in the Federal Ministry of Finance but should be held in trust by
Nigeria Sovereign Investment Authority (NSIA) since all tiers of Government
have stakes in that vehicle.
5. In order to consolidate our democracy and strengthen the Electoral process, the Southern Governors’ Forum reject the removal of the Electronic transmission of the election result from the electoral act; and also rejects the confirmation of exclusive jurisdiction in pre-election matters on the Federal High Court.
6. The Forum unanimously chose Lagos State as its permanent secretariat and appreciated the Governor of Lagos State for the wonderful hosting of this meeting while commending him for his good work in the State.
Arakunrin Oluwarotimi Odunayo Akeredolu SAN
Governor, Ondo State and Chairman, Southern Governors’ Forum
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Posted by News Rangers
on Jul 6 2021. Filed under National.
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