Delay in PIB Passage Dangerous for Economy, Says Lawan National Assembly targets bill becoming law May Communities, IOCs oppose provisions of proposed law Deji Elumoye and Udora Orizu in Abuja President of the Senate, Dr. Ahmad Lawan, yesterday warned against further delay
in the passage of the Petroleum Industry Bill (PIB) as it will result in more colossal losses to the Nigerian economy. Lawan, in his remarks at a two-day public hearing
on PIB organised by the Senate Joint Committee on Petroleum Sector (Downstream), Petroleum Resources (Upstream) and Gas, committed the National
Assembly to pass the bill by April so that by May it would have become law after President Muhammadu Buhari’s assent. However, at the hearing,
critical stakeholders in the nation's oil and gas sector, including oil producers and host communities, kicked against certain provisions of the bill, which they called
on the National Assembly to revisit before passage. Lawan, while declaring the public hearing open, assured Continued on page 8
Insurance Stocks Gain Momentum on Recapitalisation Prospects... Page 6 Tuesday 26 January, 2021 Vol 26. No 9424. Price: N250
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Miyetti Allah Agrees with Govs in Ban of Open Grazing Underage, night herding, illegal occupation of forest reserves to be outlawed Nyiam, Yusuf urge Buhari to take responsibility for defence of Nigerians Chuks Okocha in Abuja, Mary Nnah in Lagos and James Sowole in Akure Troubleshooting efforts to douse the tension generated by conflicts between herders and host communities, particularly in the South-west paid off yesterday as governors and the Miyetti Allah Cattle Breeders
Association (MACBAN) rose from a meeting, agreeing to ban open grazing, including underage and night herding. The governors, under the aegis of the Nigerian Governors' Forum (NGF) and MACBAN, at the meeting in Akure, also agreed with the Continued on page 8
FG Warns against Ethnic, Political Sentiments Deepening Tensions Says Buhari tackling issues fuelling insecurity Iyobosa Uwugiaren in Abuja The federal government has cautioned Nigerians against political and ethnic sentiments capable of swelling the current ethnic and religious clashes over security issues in some states. It stated that the administration of President Muhammadu Buhari is
working assiduously to address all issues currently creating tensions in the country. The Minister of Information and Culture, Alhaji Lai Mohammed, at a joint press conference with his counterpart in the Ministry of Interior, Mr. Rauf Aregbesola, briefed reporters yesterday in Abuja Continued on page 8
STANDING WITH PIB... L-R: President of the Senate, Dr. Ahmad Lawan; Chairman, Joint Committee on Petroleum (Down Stream), Senator Sabo Nakodu; and a member of the committee, Senator Albert Akpan, during the public hearing on Petroleum Industry Bill in Abuja…yesterday julius atoi
Without Restructuring, Nigeria Risks Becoming Failed State, Atiku Warns...Page 5