Senate: PIA Won't Solve Oil Industry Challenges Without Addressing Crude Theft Military, security personnel involved in the economic sabotage, PENGASSAN, NUPRC allege Deji Elumoye and Sunday Aborisade in Abuja The Senate has said the current massive oil theft in the country, if not immediately curbed could frustrate the implementation of
the Petroleum Industry Act (PIA) passed in to law last year by the National Assembly. The Chairman, Senate adhoc committee to investigate oil lifting, theft and the impact on petroleum production and oil revenues, Senator
Akpan Bassey, stated this yesterday, at one-day investigative hearing on the issue. He said, "The quota from the Organisation of Petroleum Exporting Countries is about 1.8 million barrel per day but we are producing less
than 1.2million per day, showing a shortfall of 600,000 bpd. How do we meet our fiscal challenges? "It is clear that the PIA/Host Community law we put in place is not the solution. If stealing of crude has taken this worrisome dimension,
what can the host communities do? "We didn't see any pipeline physically and nobody could ascertain the right of way. "I still believe that PIB/Host Community law put in place is not the solution to oil theft. The law
would not achieve its intendment if the current massive oil theft is not addressed." Bassey lamented the massive crude theft in the oil producing Continued on page 10
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PDP Crisis Deepens as Wike, Loyalists Pull Out of Atiku’s Campaign Presidential candidate sues for peace, seeks collaboration, declares decision to resign is Ayu’s Unbothered chairman says party is ideas, development-driven Chuks Okocha in Abuja, George Okoh in Makurdi, Blessing Ibunge in Port Harcourt and Ibrahim Shuaibu in Kano
The last may not have been heard of the crisis in the Peoples Democratic Party (PDP ) as the Governor Nyesom Wike-led tendency in the party, has pulled out of the
Presidential Campaign Council of Atiku Abubakar, except the party’s National Chairman, Dr. Iyorcha Ayu, steps down. But Atiku had quickly made a
deft reconciliatory move, where he first sued for peace, sought the collaboration of the aggrieved parties and reiterated that the decision to resign as national chairman was
Ayu’s, given the constitutional and legal pathway to the option. This, nonetheless, Ayu, yesterday, assured the party's social media handlers of massive support and
encouragement, to enable them effectively communicate PDP's message of hope, unity, restoration Continued on page 10
In Last Address to UNGA, Buhari Recommits to Credible 2023 Polls Says Nigeria championing democracy, rule of law in West Africa Reiterates adherence to constitutional term limit Canvasses debt cancellation for developing nations Calls for structural change in UN Deji Elumoye in Abuja For the umpteenth time, President Muhammadu Buhari has stated his resolve to bequeath free, fair and credible elections to the country. Buhari made the iteration yesterday in his last speech as Nigerian
president at the on-going annual United Nations General Assembly (UNGA) in New York. In his farewell speech to the 77th session of UNGA, Buhari emphasised that one of the enduring legacies he Continued on page 10
FG Asks ASUU to Obey Court BUHARI'S LAST ADDRESS TO UNGA AS NIGERIA'S PRESIDENT... President Muhammudu Buhari delivering his last address as Nigerian President to the 77th United Nations General Order, Resume Work... Page 41 Assembly in New York... yesterday