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     NASENI to empower 4,000 homes with solar scheme system in Nasarawa
    By Salisu Sani-Idris

    Prof. Mohammed Haruna, Executive Vice Chairman and Chief Executive, National Agency for Science and Engineering Infrastructure (NASENI), says the agency will launch solar scheme homes system empowerment in 4,000 homes in Nasarawa State.

    Mr Peter Ewu, Special Assistant to the NASENI boss, in a statement on Wednesday in Abuja, said Haruna made the disclosure when he received a delegation of stakeholders from Nasarawa at the agencys headquarters.

    The News Agency of Nigeria (NAN) reports that the delegation visited the agency in a bid to ensure a successful inauguration of Agricultural Machinery Development Institute (AMEDI), Lafia, and NASENI Skill Development Centre and North Central Zonal Engineering and Science Integrated Laboratory, Keffi.

    The NASENI boss explained that the inauguration of the institute in Lafia and the laboratory in Keffi would create employment opportunities for both formal and informal sectors in the state.

    He also said that the establishment would ensure the training, skills acquisition and empowerment of youths on different skills such as engineering and scientific.

    Haruna, therefore, solicited the support and cooperation of Nasarawa stakeholders towards the successful inauguration of the institute and the laboratory which would be carry out by Prof. Ibrahim Gambari, the Chief of Staff to President Muhammadu Buhari.

    He informed the delegation that Gambari, who double as the Special Guest, would inaugurate and lay foundation of the AMEDI Lafia, while the Gov. Abdullahi Sule of Nasarawa would perform the groundbreaking ceremony at Keffi.

    Earlier, leader of the delegation, Aminu Maifata, Executive Chairman, Lafia Local Government, commended NASENI boss for the innovative and transformative strides in the agency.

    Maifata also applauded Prof. Haruna for being an exemplary leader and illustrious son of Nasarawa State.

    He assured full support and assistance of the delegation in ensuring that the event is successful.

    He said that Nasarawa State would continue to be a state of repute in growth and development of the country.

    NAN recalls that in a quest to diversify Nigerias economy in line with President Muhammadu Buhari administration agenda, NASENI received a presidential approval for the establishment of North Central Zonal Institute in Nasarawa State. (NAN)

    Edited by Angela Okisor/Olawunmi Ashafa

    Source: NAN News

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     Presidency frowns at threats by opposition Senators to begin impeachment proceedings against Buhari
    By Ismaila Chafe

    The Presidency has frowned at the threats by some opposition members of the Senate to begin impeachment proceedings against President Muhammadu Buhari over nations security challenges.

    Some Senators from opposition political parties, including the Peoples Democratic Party (PDP) and the All Progressives Grand Alliance (APGA) were reported to have expressed frustration over the nations security problems, giving the president a six-week deadline to address the issue or face impeachment proceedings.

    However, Malam Garba Shehu, the Presidents spokesman, in a statement on Wednesday night described the impeachment attempt as ridiculous.

    The statement read in part: The performative and babyish antics of those senators staging a walk out notwithstanding, Senate President Ahmad Lawans refusal on Wednesday to entertain the ridiculous motion to impeach our President was quite appropriate and correct.

    Rather than making a mockery out of voters by trying to imitate what they see in America, the opposition would be well advised that their time would be better spent tackling the pressing issues Nigerians face, such as the current global cost of living crisis.

    Their continued failure to do so goes some way to explaining why they remain in opposition.

    In contrast, the President Muhammadu Buhari administration is committed to finding lasting solutions to the emerging security threats, including those left behind by the PDP in the South-South, the Northeast and throughout the federation.

    In the last 24 hours, two more Chibok girls were freed, in addition to the three brought home last week.

    These kinds of headline grabbing stunts for which the opposition is now well known serve no one, least of all their constituents.

    We would respectfully remind them that it is those same constituents that they were elected to serve, and are paid to do so with public money.

    The presidential aide, however, expressed the readiness of the All Progressives Congress led administration to partner with all well-meaning citizens including members of the opposition to address the security challenges across the country.

    He said: We would welcome their collaboration in our efforts to solve the problems Nigerians face on a daily basis. No one is asking them to waste their time attempting to impeach a democratically elected President at the end of his second term certainly not their constituents.

    They should ask themselves: do they want to be in government or do they want to be in the headlines? If they want to be in government they should start acting like it and stop undermining Nigerian voters. (NAN) (www.nannews.ng)

    edited by Sadiya Hamza

    Source: NAN News

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     2023 elections: Use 35th NAFEST to propagate unity  Runsewe
    By Taiye Olayemi

    The National Council for Arts and Culture (NCAC) on Tuesday advised the Lagos State Government to explore the forthcoming National Festival of Arts and Culture (NAFEST) to propagate national unity as the 2023 elections approach.

    Chief Olusegun Runsewe, Director-General, NCAC, organisers of the annual festival gave the advice during the 53rd National Stakeholders Technical meeting in preparation for 2022 edition of NAFEST, held in Lagos.

    Runsewe said that the issue of peace and national unity was quite germane now that the nation was preparing for the 2023 elections.

    He emphasised the need to consolidate on national peace and unity through the forthcoming 35th NAFEST slated to hold in Lagos State by November.

    This years NAFEST must be used as a vehicle of consolidating our unity, peace and social harmony.

    This is important as this years edition of NAFEST is coming just before the 2023 general elections and it is a known fact that election years in Nigeria are usually volatile because of the conflicting and contending political issues by the various political parties in Nigeria.

    This NAFEST must be used to propagate, project and enact the fact that peace is the foundation for the growth of any nation, without peace, there can be no social harmony or conducive environment for meaningful elections, he said.

    Runsewe noted that Lagos State had roles to play in effecting unity in Nigeria as he evaluated three scenarios to substantiate this.

    According to him, significant events took place in Lagos in 1977, 1959 and 1914, which made it obvious that there was a connection between Lagos State and the development of Nigeria.

    As a nation, we need to launch the begining of unity during Eko NAFEST, each state is well endowed and Gov. Sanwo-Olu will be unveiling the 37 wonders of Nigeria to showcase how endowed we are as a nation, he said.

    The News Agency of Nigeria (NAN) reports that the technical committee members of NAFEST commended Gov. Samuel Ortom of Benue and Ifeanyi Okowa of Delta for their contributions toward the growth of the nations culture.

    The technical meeting holds from July 26 to July 28 with the attendance of all Lagos State commissioners

    Also delegates from the National Institute for Tourism and Hospitality (NIHOTOUR); National Institute for Cultural Orientation (NICO); Nigeria Tourism Development Corporation (NTDC); Centre for Black and African Arts and Civilisations (CBAAC) among other agencies attended the meeting. (NAN) (nannews.ng)

    Edited by Folasade Adeniran

    Source: NAN News

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     WHO mission in Nigeria to boost universal health coverage
    By Franca Ofili

    The Technical Officer on Health Financing at the World Health Organisation (WHO), Nigeria, Dr Francis Ukwuije, says the global body mission in Nigeria will boost the health coverage in the country.

    Ukwuije said this at a meeting between the Health Financing Mission of WHO in Nigeria and Prof. Mohammed Sambo, Director-General, National Health Insurance Authority (NHIA) on Tuesday in Abuja.

    He noted that Nigeria had very high out of pocket expenditure of more 70 per cent on health.

    Ukwuije said that the country had more than 50 per cent of the population and in some states up to 80 per cent that needed healthcare.

    He said that Nigerias population had fallen into poverty due to ill health or due to payment for healthcare.

    He said the efforts at implementing compulsory health insurance in Nigeria was as important as advancing the development of the country.

    I wish to state that as WHO, we have the mandate to support member states in their priority areas.

    We can see that financing health insurance is one of the accelerators that the country has chosen and also primary healthcare towards universal health coverage, he said.

    According to him, WHO mission to the NHIA is useful for the reasons that, first-it would help to support the NHIA and energize it towards operationalizing the new law to gain the benefits therein.

    Secondly, to ensure that we have good representation and high level advocacy to the government of Nigeria and to those who make the laws and policies in the country.

    Thirdly, to finally to support the country in mopping up areas of health financing for the attainment of the Universal health coverage, he said.

    Speaking, Sambo, said the National Health Bill assented to by President Muhammadu Buhari was critical elements of nations development.

    Buhari had on May 21, signed the National Health Insurance Authority Bill 2022 into law; the new legislation repeals the National Health Insurance Scheme Act 2004.

    The President during the signing said the new law makes provisions for the setup of a trust fund to ensure the coverage of 83 million poor Nigerians who cannot afford to pay premiums as recommended by the Lancet Nigeria Commission.

    The NHIA director-general said that the bill signed by the President was not only a big commitment to achieving his vision of the next level agenda but also a desire to ensure healthcare delivery.

    Population of Nigeria as a symbol of art and health is one of the critical elements of development, Sambo said.

    Sambo said the bill recently updated by the president was the trajectory and roadmap for attainment healthcare services in the country.

    What is left is how will health insurance agents partner to support government gesture by ensuring that the effort not only operationalize but has been put to the best use for the teeming population of Nigeria, Sambo said.

    the director-general said that the framework would enhance coverage of informal sector which recommendation, essentially to the covenant for the vulnerable segment of the population.

    We need to ensure that this law will look to constitute about two million population which has given an opportunity to establish what is called vulnerable efficiency activities, Sambo said.

    Country Representative of the WHO in Nigeria, Dr. Walter Molumbo, said the3-day engagement was an opportunity for them to interact with the leadership of NHIA to look into ways of implementing the NHIA bill signed into this year.

    According to him, WHO believes that it is the best way to go if Nigeria is to achieve the universal health coverage in Nigeria.

    It is a good opportunity for us and it is a privilege to be part of this high level advocacy meeting to review strategies on how we will operationalize this health insurance authority bill.

    Also how WHO can offer support to strengthen NHIA to deliver in its mandated.

    We also want to use this opportunity to interact with as many stakeholders as possible to enable the NHIA to drive the universal health coverage in Nigeria.

    Mulumba said the origination would do all that was necessary to meet high level government official and put across their message.

    For financing in Nigeria, we need to refer out of pocket expenditures in the country, this is the right way to go and we will work to support authority in that respect, he said.(NAN)()

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    Edited by Isaac Aregbesola

    Source: NAN News

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     AfCFTA: S/Africa advocates stronger ties with Nigeria

    By Maureen Okon

    The South African High Commissioner to Nigeria, Mr Thami Mseleku, has called for stronger collaboration between his country and Nigeria for effective implementation of the African Continental Free Trade Area (AfCFTA) agreement.

    The envoy said the collaboration would help to facilitate the acceleration of developing on the continent.

    Mseleku made the call in Abuja at the grand finale of a stage play titled Philomena produced by Monalisa Chinda, Bimbo Mannuel, Zack Ineydo and Rekiya Ibrahim-Atta to advocate the course of girl child in Africa.

    He said that Nigeria and South Africa, the two leading African economies, had deeper collaboration but if the relations could be made stronger it would enhance the implementation of AfCFTA.

    At the moment the main issue for us in Africa is to make the Africa Free Trade agreement work in practice, not just on paper, and for that to happen, the leading economies of Africa should actually collaborate.

    They are trying. Theyve collaborated when it came to negotiations about the agreement itself, when it came to aspects of that agreement like standards and so on, they are working together, but we want to see that trickle down to real business.

    In other words, we want to see and there has been talk already between the two countries about where we could actually strengthen each other in order to actually make it an inclusive kind of agreement.

    For example, in South Africa we have a very strong and established car manufacturing industry; in Nigeria we have the potential of reviving the textile industry, the clothing industry, or the fabric industry, he said.

    According to him, those cars need that textile industry, those cars need that fabric. So, we could actually be collaborating to say how do we ensure that the completeness of the car is actually a collaboration?

    The completeness of the BMW, which is produced in South Africa, the Toyota, which is produced in the South Africa but the local cars that are here, they actually benefit from the engineering that weve actually established.

    And, through these German and other countries, establishments of their manufacturing hubs in South Africa. So its those kinds of things that we are actually looking at.

    But let me emphasize the most important thing in this is people to people relationships. If we make sure that our people actually interact independent of government, but also directed by our governments, then we will go far.

    Because in that way then theyll actually begin to understand one another to cross pollinate to learn from one another, and to live as Africans to realize that were actually Africans, he said.

    Speaking on the play, the envoy commended the producers for putting it together to pass a message to the entire world about a girl child, adding that film industry was also a tool to enhance diplomatic ties between the two countries.

    First of all, I think the script itself is dealing with very serious issues and issues of our society and that particularly I like the fact that its focusing on women. And the men are hitch.

    Our women are actually finding themselves in difficult situations as a result of what I would call gender based violence, that it to say the kind of manner in which we treat our women and young girls.

    I mean Philomena at 16 found herself in a situation in which she found herself and it actually shaped her life. That to me is a very important issue, that it was raising of course brought to life by a very vibrant and experienced cast.

    So, it was really a beautiful script in the hands of very beautiful craftsman artists that were able to present the script. So, I really enjoyed it, he said.

    The Executive Producer of the play, Monalisa Chinda said the focus of the play was mainly advocacy for girl child, stressing that there was the need the for her tohave the needed support that will make her achieve her goal dream.

    Chinda called for support from individuals and organisations to help the girl child achieve her dream, stressing that government could not do it alone.

    She urged the parents not to abandoned their responsibility of parenting

    There are a lot of messages in this particular Philomena. We are also talking about the very sensitive area which is parenting. You cant live parenting for government. Parents are not doing their jobs.

    Why would a girl get pregnant at the age of 16? Where were you? What were you doing? Theres no excuse. That is what is obtainable now

    Even though some cultures permits marriage at the age of 13 or 16, but this is one is different. It was just out of not being supervised and all of that and she fell into the wrong hands. So, basically its just an advocacy. its an act of evangelism.

    So, were begging all individuals, to be more serious even though government wants to help you, how are you presenting yourself? You will be addressed the way you dressed .

    There is need to inculcate discipline in everything that we do, in our workspaces in our lives, in everything youve given in dealing with other human beings.

    Its important we deal with this issue so, Philomena has come to stay. Were going to do a series on it.(NAN)(www.nannews.ng)

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    Edited by Isaac Aregbesola

    Source: NAN News

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     Court remands civil servant for allegedly beating up wife
    By Bosede Olufunmi

    A Kano Sharia Court on Wednesday ordered that a 52 year-old civil servant, Bashir Saleh, who allegedly beat up his wife be remanded in a correctional centre.

    The police charged Saleh who lives in Kabuga Quarters, Kano with assaults and causing grievous hurt.

    The Judge, Malam Ismail Muhammad-Ahmed, who gave the order,, adjourned the matter until Aug. 22 for hearing.

    Earlier, the Prosecution Counsel, Insp Abdul Wada, told the court that Fatima Muhammed of Hotoro Mahuatta Quarters, reported the matter at the Hotoro Police Station on July 20.

    The prosecutor said that the complainant alleged that at about 9p.m the defendant engaged in an argument over a minor and he beat her up.

    He said the offence contravened the provisions of Section 165 of the Penal Code.

    The defendant, however, pleaded not guilty to the charge.(NAN)(www.nannews.ng)

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    Edited by Sadiya Hamza

    Source: NAN News

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     Gas flow from Russia to Germany via Nord Stream 1 pipeline dwindling
    Preliminary data early on Wednesday indicated that the volume of gas delivered from Russia to Germany via the Nord Stream 1 pipeline was sinking, as Russian gas provider Gazprom had earlier said.

    While 27 million kilowatt-hours of gas arrived at the German terminal in Lubmin between 6 a.m. (0400 GMT) and 7 a.m., the volume had decreased to 17 million kilowatt-hours between 8 a.m. and 9 a.m.

    The volume is expected to sink further.

    According to the Nord Stream 1 website, a supply of just over 14 million kilowatt-hours per hour was predicted for the rest of the day.

    Russian gas company Gazprom had announced it would cut down the volume of gas deliveries via Nord Stream 1 from 40 per cent to 20 per cent of capacity.

    Russia is blaming the reduced volume of gas deliveries on technical issues resulting from the sanctions imposed against Moscow by the West.

    However, the German government is among those who see the lower gas deliveries as Moscow exploiting its leverage against the heavily reliant German and, indeed, European, energy market for political purposes.

    The chief of the German networks agency, Klaus Mller, accused Russia of weaponising its gas supply in an interview with German broadcaster Deutschlandfunk.

    According to pipeline operator Eugas, Gazprom had booked extra capacity in its Transgas pipeline through Slovakia for Wednesday, suggesting that it was making up for lower deliveries in Germany, as reported by the German Spiegel newspaper.

    The Transgas pipeline travels through Slovakia to Austria and Germany.

    However, it was not yet clear whether Gazprom would really send more gas. (dpa/NAN)(www.nannews.ng)

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    Edited by Cecilia Odey/Obike Ukoh

    Source: NAN News

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     Clerics urge Nigerians to support military to end insecurity

    By Sumaila Ogbaje

    Christian Clerics under the aegis of United Pastors Initiative for Good Governance (UPIGG) has called on Nigerians to support the government and Armed Forces of Nigeria in the efforts to tackle insecurity.

    The National President of the group, Rev. James Muya, made the appeal during a courtesy visit to the Minister of Defence, retired Maj.-Gen. Bashir Magashi, on Tuesday in Abuja.

    Muya commended President Muhamamadu Buhari and the military in their efforts so far in the fight against terrorism, banditry and other criminalities in the country.

    He, however, urged the government to increase its effort in the fight against insecurity and towards ensuring a peaceful general elections in 2023.

    The cleric also lauded the service chiefs for the renewed synergy towards addressing the myriad of security challenges confronting the nation, adding that such collaboration had yielded positive results.

    He called on the Federal Government to ensure the protection of all citizens in all parts of the country.

    Finally, we enjoin all well-meaning Nigerians to give maximum support to the present government in its relentless efforts at tackling insecurity in the country.

    In this light we plead for the assistance of your kind office to help in securing our members as we carry out a nationwide campaign promoting our mandate, especially in areas where insecurity is paramount, he said.

    Responding, the Minister of Defence represented by the Director Planning, Research and Statistics, Mr Benson Odama, called on religious leaders to pray for Nigeria without taking sides.

    The minister said the nations challenges were surmountable, saying the challenges were often times underestimated.

    He stated that the government would continue to do its best while urging the clerics to continue to support and pray for the military, especially the young men and women who put their lives in harms way for citizens to have peace.

    According to him, they need the support of all Nigerians and need them to appreciate the efforts of the armed forces

    We need peace in this country, because without peace, no aspect of our economy will progress.

    Preach peace in your churches, neighborhood, and in your families because that is the only way to go.

    We are close to elections, we pray for peace, we pray for good leaders that will take us from where we are to where we want to be.

    That will happen if men of God like you will dispassionately pray without taking sides, because you are expected to be apolitical, neutral and impartial, and that is the only way we can move forward as a nation, he said. (NAN) (www.nannews.ng)

    Source: NAN News

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     Presidential Guard Attack: Yahaya Bello grieves over Army officers death
    By Lizzy Okoji

    Gov. Yahaya Bello of Kogi has expressed grief over the death of the Army officials killed in an ambush on the Presidential Guard Brigade on Sunday by suspected terrorists in the Federal Capital Territory.

    Bello also commiserated with the families of the deceased and the Nigerian Army in a statement made available by his Chief Press Secretary, Onogwu Muhammed , on Tuesday in Abuja.

    The Army officers were ambushed after they responded to a distress call from the Nigeria Law School, Bwari.

    The governor stated that it was more saddening to find out that two out of the fallen gallant officers, namely Capt. Samuel Attah and Lt.Ibrahim Suleiman were illustrious sons of Kogi.

    Bello condemned the terrorist ambush, describing it as a dastardly act and a show of cowardice, while urging authorities to expedite actions and ensure the arrest of those responsible and also forestall any future occurrence.

    He added that the concern of incessant but cowardly uncoordinated attacks by terrorists must receive keen attention.

    The governor also called for brutal response from respective security agencies, asserting that the Nigerian internal sovereignty must not be at the mercy of criminal elements.

    Bello commiserated with the families of the deceased, particularly the father of Lt. Suleiman, retired Col Suleiman Babanawa from Okpo, Olamaboro Local Government and Capt. Samuel Attah from Ibaji Local Government Area of the state.

    He also extended his commiseration to the Nigeria Army over the death of some of their finest officers.

    Bello prayed for God to grant the fallen officers eternal rest and that every person hurt by their shocking and painful demise, should receive succour from their pains. (NAN) ()

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     Mainstreaming RMAFC into PIA implementation
    By Isaiah Eka, News Agency of Nigeria (NAN)

    As the implementation of the Petroleum Industry Act (PIA), 2021 gathers momentum, some institutions of government have started to critique the law, with the view of exploring how best to implement it for the overall benefit of the nation.

    One of the institutions, theRevenue Mobilisation, Allocation and Fiscal Commission (RMAFC), recently organised a retreat with the aim of engaging various stakeholders to address some issues in the PIA in order to ensure smooth implementation and optimise the flow of revenues into the Federation Account.

    At the end of the retreat on the PIA implementation in Uyo, the Commission decried the obvious neglect of its critical roles in the implementation of the law.

    It observed that there are some sections of the PIA that are inconsistent with the provisions of relevant sections of the constitution.

    It identified the inconsistency in the provisions of Section 24 (4)-(5) of the PIA, 2021 which stipulates the remittance of operating surplus ofNigerian Upstream Petroleum Regulatory Commission (NUPRC) into Consolidated Revenue Fund, while the Commission itself is being funded from the Federation Account.

    The Commission made it clear that its role as the revenue mobilising institution of the nation was not properly considered in the enactment of the Act.

    This was a major point raised in the communique issued at the end of the

    retreat that brought together experts and stakeholders to brainstorm on the Commissions roles in the implementation of the Act.

    In the communique signed by the Acting Chairman of RMAFC, Mr Umaru Abdullahi, the Commission said there was need for a second look at the Act to ensure productive implementation.

    The Commission noted that its cardinal role of mobilising revenue into the Federation Account needed to be defined in the Act to ensure efficiency.

    Urgent measures should be taken to address sections of the Act that are inconsistent with the constitution.

    The measures can come in the form of judicial interpretation or legislative actions, it said.

    It further stated that the operating surpluses from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) should be remitted into the Federation Account.

    Such operating surpluses should not go into the Consolidated Revenue Account as currently provided in the PIA, 2021, it said.

    The Commission urged governments at all levels to collaborate towards tackling insecurity in the country to make the nation attractive to investors.

    It also said that the shareholding of the NNPC Ltd should be clearly defined to reflect the three tiers of government.

    It added that the existing collaboration between the FIRS and the RMAFC should be sustained to achieve the realisation of the new tax regimes in the PIA.

    There should be stringent operational policy regime to enable the nation to achieve and sustain the expected increase in revenue earnings under the PIA.

    However, the participants agreed that it is still too early to gauge the exact impact of the PIA on the federation revenue, but careful monitoring of its implementation is required so that steps can be taken in time to mitigate any adverse fall outs.

    RMAFC commended the President Muhammadu Buhari-led government for enacting the Act after several years of procrastination.

    Gov. Udom Emmanuel of Akwa Ibom, who spoke at the opening ceremony, renewed calls for alternative sources of revenue for the nation, stressing that diversification will save Nigerias economy from collapse.

    Represented by his deputy, Mr Moses Ekpo, the governor said that the countrys overdependence on petroleum revenue had become counterproductive.

    He said that investing in agriculture, small and medium scale enterprises, aviation and tourism would provide lifelines for the nations economy.

    Emmanuel said that the search for alternative energy sources was already having adverse effect on oil.

    The world is already thinking towards other sources of power. As a nation, we should begin to explore alternative sources of revenue.

    We have to urgently diversify our economy and be less dependent on oil. The industrialised nations are already looking at alternatives, he said.

    The governor further stated that Nigeria should determine how the decentralisation of the oil industry would benefit the Federation Account and the host communities.

    Acting Chairman of RMAFC, Abdullahi, described the oilindustry as a critical part of the nations economy.

    He said that although the industry contributed less than 10 per cent to the countrys GDP, it accounted for over 80 per cent of nations foreign earnings.

    So any adverse change in the industry will have a major and long term impact on federation revenue.

    This is perhaps the reason successive governments have continued to give attention to the sector, he said.

    Delivering a lecture, entitled: Petroleum Industry Act 2021 and Its Impact on Federation Revenue, Mr Uche Nwagbara, a Director in RMAFC, said the PIA would promote efficiency in the sector.

    Nwagbara who listed other benefits of the PIA to include: proper sector regulation and host community development, said that the Act was a good omen to the nation.

    He noted that with the PIA, 2021, undue bureaucratic bottlenecks is removed by reducing time for approval of licences for new operators at the upstream, midstream, and downstream segments of the sector to a maximum of 90 days.

    According to him, with the enactment of the Petroleum Industry Act, the sector is expected to attract more investors.

    He also opined that the PIA envisages expansion of the sector to make it more profitable for the benefit of Nigerians and investors alike.

    Nwagbara said that in the long term it is expected that government revenues will definitely increase.

    He said that the increased revenue would be used to finance critical government projects like transportation infrastructure, expansion of electricity generation and distribution, education, healthcare among others.

    Nwagbara said that with the creation of the host community fund, it is expected that there will be reduced hostilities in the oil producing areas.

    He said that this will lead to improved crude oil and gas production and increase in the federation revenue.

    All in all, he said that the outcomes will bebased on how the Petroleum Industry Act is implemented.

    Mr Abdul Muhammad, in his presentation entitled: Legal and Constitutional Issues in PIA Implementation, said the PIA is challenged by implementation issues regarding fiscal federalism.

    Muhammad said the PIA was enacted to reduce the bureaucratic bottleneck associated with the management of Nigerias oil and gas sector.

    According to him, the Act will create efficient and effective governing institution, with clear and separate roles for the petroleum industry.

    The Act when fully implemented will establish a framework for the creation of a commercial oriented and profit-driven national petroleum company.

    Promote transparency, good governance and accountability in the administration of the petroleum resources of Nigeria.

    The PIA, 2021 will foster a business environment conducive for petroleum operations and deepen local content practice in Nigeria oil and gas industry.

    The Host Communities Development Trust Fund is the most laudable innovation in the Act, this will bring hostilities to the barest minimum if not eliminated, Muhammad said.

    Indeed, the driving force of the Act, is to ensure national prosperity and peace in the oil producing communities. (NANFeatures)(NAN)

    Source: NAN News

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