Why Buhari declined assent to Petroleum Industry Bill – Enang

By Editor on 29/08/2018

Share on facebook Yahoo mail icon Gmail icon

Views: 1,297


The Senior Special Assistant to the President on National Assembly Matters (Senate), Ita Enang, on Wednesday identified the provision of the Petroleum Industry Governance Bill permitting the Petroleum Regulatory Commission to retain as much as 10% of the revenue generated as one of the reasons President Muhammadu Buhari declined assent to the bill.

He said the President’s position was that the provision unduly increased the funds accruing to the commission to the detriment of the revenue available to the Federal, States, Federal Capital Territory and local governments in the country.

Enang made the clarification in a statement made available to journalists.

He said while it was true that the President has declined his assent to the bill, the reasons being adduced in the media for the decision were not true.

The presidential aide said although it was unconventional to disclose the content of Executive’s communication to the Legislature before it is read on the floor of the National Assembly, he took the liberty to make the clarification because of the reports.

Enang said, “By presidential communication of July 29, 2018 (one month ago) addressed to the Senate and House of Representatives, Mr. President did communicate decline of assent to the Petroleum Industry Governance Bill 2018 for constitutional and legal reasons stated therein.

“By convention, it is inappropriate to speak on the content of Executive communication addressed to the Legislature until same has been read on the floor in plenary.

“But I plead for the understanding of the legislature that due to the misrepresentations in the public domain and apparent deliberate blackmail which if not promptly addressed may set both the executive and the legislature against the public and even the international investment community, this be excused.

“None of the reasons for withholding Assent by Mr. President adduced by the media is true.

“In deference to the National Assembly, I please state very limited of the rationale communicated to the legislature, to wit: that the provision of the Bill permitting the Petroleum Regulatory commission to retain as much as 10% of the revenue generated unduly increases the funds accruing to the Petroleum Regulatory Commission to the detriment of the revenue available to the Federal, States, Federal capital Territory and Local governments in the country

“Expanding the scope of Petroleum Equalisation Fund and some provisions in divergence from this administration’s policy and indeed conflicting provisions on independent petroleum equalisation fund

“Some legislative drafting concerns which if assented to in the form presented will create ambiguity and conflict in interpretation. Other issues therein contained.

“May this please answer some of the issues raised until the communication is read on the floor.”

Posted 29/08/2018 10:23:02 PM


Share on facebook Yahoo mail icon Gmail icon


You may also like...
7,000 teachers beg Gov. Bello to pay 39...

Rivers CP orders arrest of five policemen for...

Police arrest 3 suspects for allegedly defrauding people...

Young woman found dead in well in Rivers...

Reps debunks Buhari’s queries on 2018 budget

Boss Mustapha delivers Realnews 8th Anniversary Lecture November...

Senate rejects rehabilitation of repentant Boko Haram members...

Coronavirus now at 300,000 cases worldwide, spreading faster...

There''s increase in betting, gambling in Nigeria, Poll...

ASUU suspends 10-month-old strike

INEC declares Ihedioha winner of Imo guber election...

Obasanjo is back to PDP


Latest News Nigeria under Buhari at mercy of bandits, terrorists – UK Parliament Army recruitment: Zulum approves N12.8m support for 641 Borno candidates US lawmakers stop $875m defence equipment sale to Nigeria FG lines up N36bn for COVID-19 third wave, 4,261 cases recorded in 30 days Bandits’ kingpins seek amnesty as military offensive hits forest camps U.S. court dismisses Obi ‘Invictus’ (Obinwanne Okeke’s) appeal, 10 years jail term stays Presidency administers oath of secrecy on Aso Rock staff 7 Naval Officers abducted in Edo Court acquits El-Zakzaky, wife of homicide case Hushpuppi Pleads guilty to money laundering charge, faces 20 years in Prison Bauchi govt begins census of prostitutes Olympics: Ten Nigerian athletes banned from Tokyo


Most Read I’ve no Coronavirus, govt wants to kill me – Anambra Index case (138,895 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (132,464 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (132,464 views) Sickle cell support group seeks government intervention (132,463 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (132,463 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (132,462 views) Ebonyi bans embalming of corpses in homes (132,460 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (132,459 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (130,475 views) ASUU strike: Senate intervention ends in deadlock (129,270 views) All you need to know about Peter Obi, PDP VP Candidate (107,516 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (105,552 views)






There are no video entries posted yet.