NCC remits N362.34bn into FG’s consolidated income account in 5years – AREWAAFFAIRS
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NCC remits N362.34bn into FG’s consolidated income account in 5years

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We're collaborating with Varsities to achieve our mandate — NCC
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The Nigerian Communications Fee (NCC), says it remitted N362.34 billion income to the Federal Authorities’s consolidated account in 5 years

NCC Govt Vice-Chairman Umar Danbatta mentioned this whereas making a presentation to Course 29 Members of the Nationwide Defence Faculty, in Abuja.

The Director of Public Affairs, NCC, Dr Ikechukwu Adinde, made this recognized in an announcement on Friday in Abuja.

Adinde mentioned that Danbatta spoke on the theme, “The Telecommunications Trade and Nanonal Improvement in Nigeria: The Function of NCC in Promotmg Digital Financial system.

He mentioned that the telecoms sector was the life-wire that may drive the Nationwide Digital Financial system Coverage and Technique (NDEPS) of the Federal Authorities.

He famous that the sector play twin position of contributing to the Gross Home Product (GDP) and that of being an enabler to different sectors of the economic system.

“Telecommunications is essential to the diversification of the Nigerian economic system, because the telecom sector performs a twin position of contributing to the Gross Home Product (GDP) and being an enabler to different sectors of the economic system,” he mentioned.

He listed mounted broadband infrastructure hole, Proper of Manner (RoW), International Change, Vandalism of telecoms infrastructure, Electrical Energy Provide, A number of Taxations and laws as a few of the challenges bedeviling the business.

On mounted broadband infrastructure hole, he mentioned, the fee would bolster the exiting fibre optic infrastructure throughout the nation by 38,296 km by way of the infraCo venture Initiative.

On Row, he defined that the engagement with the Nigerian Governors Discussion board on adoption of N145 per metre as RoW charges has yielded leads to Kaduna, Katsina, Imo, Ekiti and Plateau.

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He additionally spoke on different points, together with the correlation between broadband and GDP, telecom contribution to nationwide growth, telecom funding development in Nigeria, telecom contribution to digital economic system and conceptualisation of digital economic system.

He due to this fact, urged state governments to key into the success of the digital economic system drive by decreasing RoW charges and different prices focusing on telecom service suppliers.

In remarks, the Commandant of the Nationwide Defence Faculty, Rear Admiral Mackson Kadiri appreciated Danbatta, describing his paper as indepth, incisive and well timed.(NAN)

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Nigeria on track regardless of COVID-19, financial challenges ― Okowa

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Okowa 
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Delta State Governor, Ifeanyi Okowa

By Festus Ahon, Asaba

Delta State Governor, Dr Ifeanyi Okowa, Monday, mentioned regardless of the COVID-19 pandemic, safety and financial challenges, Nigeria as a nation continues to be on track.

Okowa acknowledged this when he acquired in viewers, a high-powered delegation from the British Excessive fee led by the Deputy Head of Mission to Nigeria, Mr Peter Thomas in Asaba, mentioned Nigeria would obtain the COVID-19 vaccine quickly, noting that the growing price of an infection was manageable.

He, nonetheless, suggested Nigerians to proceed to watch protocols that will hold an infection price in examine.

Whereas welcoming the delegation to Delta, he mentioned the state was rising in all spheres and was open to enterprise on account of prevailing peace in each upland and riverine communities.

The Governor recommended safety companies within the state for his or her gallant efficiency, including that the State was having fun with relative peace as a result of methods to stem insecurity was paying off.

Okowa mentioned: “Safety-wise, we’re doing properly as a state, we’re doing one of the best that we will, the safety companies are working laborious, the methods that we put in place as a state to allow the safety companies work is paying off for us, even when there’s nonetheless quite a bit to be completed.

“As you clearly know, Delta is an oil and gasoline state and so we’re host to international corporations, so we’re working carefully with safety companies to have the ability to present them with the safety to have the ability to undertake their varied companies”.

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Whereas noting that Delta was a multi-ethnic state, he mentioned that “one good factor is that we live in unity, and that’s good for us. We’ve got been in a position to handle ourselves and we’re stronger collectively “. He pledged to proceed to do his finest in guaranteeing that the turned a most popular vacation spot for funding and tourism.

Talking earlier, the Deputy Head of Mission, British Excessive Fee in Nigeria, Mr Peter Thomas, mentioned they had been within the State to show to the world that the state was peaceable and has excessive financial potentials.

He recommended the state and federal governments for his or her doggedness within the administration of COVID-19 and different challenges confronting the nation.

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Host Communities insist on 10% fairness Share holdin to ensure safety

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PIB: Traditional ruler calls for collaboration with FG
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***Senate to Cross PIB April, Buhari to Signal it into legislation earlier than Could 29, Lawan

*** Says PIB will guarantee Nigerians profit optimally from sources

***As Senate begins public listening to on invoice

***We haven’t seen important improvement on this trade since 2000, NNPC

*** PIB have to be a balanced one, PENGASSAN, NUPENG

***PIB ought to think about harmonising the taxes right into a single tax system and permit for consolidated submitting and tax reporting, OPTS

*** Say PIB ought to take away Hydro Carbon Tax 

***Crude costs crashed into negativity on the top of covid 19, that  necessiates the passing of the PIB, FG

By Henry Umoru

ABUJA-AS Senate on Monday  started  Public Listening to on the lengthy awaited Petroleum Business Invoice, PIB,  Host Communities of Nigeria Producing Oil and Fuel, (HOSTCOM) have stated that they’re insisting on 10% Fairness Share Holding from oil firms,  simply as they threatened to solely assure the safety of the world if the stated fund is given. 

Talking for HOSTCOM on Monday in Abuja initially of a 2-day public listening to on the

the Petroleum Business Invoice (PIB ) 2020 by the Nationwide Meeting, the Nationwide President, Excessive Chief Benjamin  Tamaranebi who famous that the host communities have been so relegated to the background, stated that it has turn out to be very crucial for the 10 p.c as supplied for throughout late President Umaru Yar’Adua with the intention to allow the folks take part absolutely by means of the safety of infrastructure and oil set up.

The Host Communities who vehemently kicked towards the  situation of proportion for host communities from oil firms pegged at 2.5% within the new invoice, simply as they stated that  the 10% provided within the invoice thought of throughout the seventh Meeting ought to be retained if the required cooperation between host communities and operational oil companies is to be achieved.

In keeping with him, the two.5 P.c as contained within the invoice won’t be acceptable by the folks of the Oil Producing areas, including, ” This situation of host communities entitlements from oil companies working of their domains is essential however appears to not be taken severely within the  new invoice and even the one earlier than it. 

” Think about a provision that was put at 10% throughout the seventh Meeting , diminished to five% throughout the eighth Meeting and now additional diminished to 2.5% within the new invoice for consideration and approval by the  current ninth Meeting.

” This to us , is unacceptable . The sooner proposal of 10% ought to be changed with the two.5%.

 ” Because it considerations the Host Communities of Nigeria Producing Oil and Fuel in Chapter 3; the Host Communities stand on 10% fairness share Holding. After 60years of marginalization and bearing the brunt of the unfavourable impacts of exploration and exploitation.

“Immediately Some States have began discovering and having fun with their pure sources however the Producing states and HostCom are usually not envious of them due to this fact our place is sacrosanct. It is going to be very absurd and economically very illogical to deprive HostCom the suitable to fairness share holding in each the institution of the

NNPC Restricted, the Fee, the Authority and the Boards.

“Slightly than try and promote performing fairness as acknowledged within the 2020 PIB. No fairness/asset is performing greater than our Oil and Fuel reserves.This quest to take over full management of all our Nationwide belongings by a really unpatriotic few has to cease.Within the case of the Fuel flare penalty funds, the Host Communities who’re the direct recipient of the unfavourable results are those to obtain the Fuel flare penalty.

“Our Host Group, due to this fact calls for that we create a strong Nationwide Petroleum Firm which is structured to accommodate all pursuits. Accordingly, all appointments to the NationalPetroleum Firm from the extent of Basic Supervisor are consultant of the six Geopolitical zones.

“The Firm ought to be supplied with Bench marks and targets to achieve. The Presidency, and Minister of Petroleum, Finance in addition to the Nationwide Meeting ought to permit the Firm function commercially like different profitable Nationwide Oil Corporations with out Nepotism, with out interference and with out corruption. If Nigeria should divest or privatize our Oil and Fuel belongings, then the Host Communities should have the Rights to first refusal earlier than you open up the sale or bid to different Nigerians as a result of the Oil and Fuel in Nigeria, certainly, belongs to the Producing States and Host Communities within the first place. It was the navy decree of 27th November 1969 that took it away from us and vested it on the Nation. Slightly than maintain and use it as a Nation, the Nation now plans to offer away our nationwide sources to some unpatriotic foreigners and their native collaborators.

We stay actually yours, On behalf of Host Communities of Nigeria.

“Concerning the environmental administration and sustainable improvement of the Host Communities, it’s crucial that every one

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legal guidelines and polices precedent to the graduation of any energetic have to be conformed with the present worldwide requirements inherent in our submission.”

In the meantime,  President of the Senate, Senator Ahmad Lawan  has stated that the Senate was in s hurry to move the PIB in April for President Muhammadu Buhari to assent to it earlier than 29th Could of this yr towards the backdrop that  Nigeria has misplaced loads of sources following the non passage of the Invoice.

Lawan who assured Nigerians that the invoice might be handed April this yr, stated that PIB could be very important to Nigeria if the oil and gasoline sector have to be revived and efficient service supply, nonetheless urged the Govt and different stakeholders to supply the Nationwide Meeting with the wanted info and assist for fast passage of the Invoice, including that the PIB would additionally present for a aggressive setting within the oil and gasoline sector.

President of the Senate, has additionally stated that the PIB presently earlier than the Nationwide Meeting will make sure that Nigerians profit optimally from crude oil manufacturing and sale of fossil gas reserves. 

Lawan who famous that the  Nationwide Meeting in its consideration of the piece of laws, would make sure that the invoice when handed into legislation, ensures improved income earnings for the nation, stated, “let me say this, we (Nationwide Meeting) will move this invoice not with out making certain that it’s a invoice that satisfies sure situations. 

“Nigeria is blessed with these sources, we wish Nigeria to profit optimally from them. The truth is, we’re in a rush as a result of we now have misplaced so a few years of advantages that we may have had.” 

The Senate President, nonetheless, famous that the non-passage of the PIB had been a serious drag on the trade through the years, considerably limiting its skill to draw each native and international capital at a time when many different nations are scrambling to take advantage of their oil and gasoline sources. 

He stated, “The mere information that the nation’s oil trade remains to be being ruled by legal guidelines enacted greater than 50 years in the past is ludicrous and very disappointing.

“As legislators, we’ll attempt to ship a Invoice that may improve the expansion of our oil and gasoline trade, modernize our fiscal system and improve competitiveness, whereas creating concord for all stakeholders. It is a promise we now have made and that we will obtain.

“Nigeria should have an Oil and Fuel Business that advantages its folks. Equally, our Oil and Fuel Business have to be aggressive. We should create a sustainable funding local weather, the place enterprise within the sector will flourish ”

He added that the dedication by the legislature to move the Invoice “is pushed by the necessity to overhaul a system that has refused to function optimally in keeping with international requirements, ensuing into lack of continental competiveness, transparency, accountability, good governance and financial system loss for the petroleum trade and the nation.”

The Senate President who famous that the challenges surrounding the longer term usefulness of petroleum sources and the elevated stage of uncertainty on oil demand calls for nice concern, stated, “It’s estimated that with the evolving of recent applied sciences, fossil gas could also be much less enticing if not of no worth within the subsequent 20 years. 

“It’s due to this fact time for us to make most advantage of our fossil gas reserves by means of this reform earlier than it fades away,”Lawan pressured. 

In keeping with him, the Petroleum Business Invoice contains of four chapters that define create environment friendly and efficient governing establishments with clear and separate roles for the petroleum trade; set up a framework for the creation of a commercially oriented and profit-driven Nationwide Petroleum Firm; promote transparency, good governance and accountability within the administration of the petroleum sources of Nigeria amongst others.

He added that the piece of laws amongst others, additionally seeks to advertise the exploration and exploitation of petroleum sources in Nigeria for the good thing about the Nigerian folks; promote the environment friendly, efficient and sustainable improvement of the petroleum trade;

In keeping with him, the PIB upon passage and assent into legislation by the President, would “foster sustainable prosperity inside host communities, present direct social and financial advantages from petroleum operations to host communities; create a framework to assist the event of host communities amongst others; and

“Set up a progressive fiscal framework that encourages funding within the Nigerian Petroleum Business, balancing rewards with danger and enhancing revenues to the Federal Authorities of Nigeria; present a forward-looking fiscal framework that’s primarily based on core rules of readability, dynamism and financial guidelines of common software; set up a fiscal framework that expands the income base of the Federal Authorities, whereas making certain a good return for buyers.”

Lawan assured that the Nationwide Meeting throughout the public listening to would cope with all points regarding the oil and gasoline trade with thoroughness and effectiveness, in order to avert colossal losses to the nation’s financial system.

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Of their presentation, Oil Producers Commerce Part, OPTS stated that the  PIB ought to harmonise  the taxes right into a single tax system and permit for consolidated submitting and tax reporting, in addition to deal with situation of plethora of taxes, and cease the penchant for different Authorities companies to see the oil and gasoline trade as a simple supply of their inner income. 

Talking for OPTS, Mike Sangster who famous the PIB ought to present a transparent path for transitioning to free market- primarily based pricing, not add extra compliance situations on home gasoline supply obligations as a precondition for export gasoline provide and permit pre- current contracts and agreements to run their course. 

On Deepwater improvement, he stated, “Deepwater developments have contributed considerably in sustaining Nigeria’s oil manufacturing ranges by offsetting the decline within the Joint Enterprise manufacturing. It has additionally enabled Nigerian content material and native capability improvement. 

“Sadly, our evaluation of the PIB exhibits that the Deepwater provisions don’t present a beneficial setting for future investments and for the launching of recent tasks. To make sure buyers are inspired to finance Deepwater tasks, the PIB ought to grant Deepwater oil tasks a full royalty aid throughout the first 5 years of manufacturing or a graduated royalty scheme as detailed in our submission. 

“PIB must also take away Hydrocarbon Tax contemplating that firms will nonetheless be topic to CIT. Deepwater non-associated gasoline useful resource improvement is especially difficult and requires focused measures to get tasks off the bottom. A full royalty aid throughout the first 5 years of manufacturing and a 1°%o royalty for pure gasoline, pure gasoline liquids in addition to the condensate/ liquids from such improvement would encourage funding in Deepwater gasoline tasks. 

“The PIB doesn’t deal with the important thing challenges dealing with gasoline improvement in Nigeria, resembling insufficient midstream infrastructure, regulated gasoline pricing, large and lengthy excellent money owed, and many others., thereby doubtlessly jeopardising the belief of Authorities’s aspirations for the home gasoline sector. 

“The PIB ought to present a transparent path for transitioning to free market-based pricing, not add extra compliance situations on home gasoline supply obligations as a precondition for export gasoline provide and permit pre-existing contracts and agreements to run their course. 

“Preservation of base enterprise and rights merely means honouring current agreements and it’s vital to selling a steady enterprise setting and sustaining investor confidence. 

“OPTS recognises the federal government’s proper to vary legal guidelines. Nonetheless, to keep up Nigeria’s repute amongst buyers, it is vital for the PIB to explicitly protect base companies and rights for current Joint Enterprise licenses and leases and Manufacturing Sharing Contracts, which kind the premise for future progress. Operators ought to be allowed to retain everything of their lease areas and new phrases ought to apply solely to new contracts, licenses and leases. It will give buyers the chance to think about the brand new phrases prior to creating funding choices: Over time, Nigeria has constructed a robust repute for honouring its contracts. We hope that this long-standing custom might be upheld within the PIB. 

“The PIB requires that firms working consolidated upstream and midstream belongings separate and incorporate their midstream belongings as distinct authorized entities. This proposed framework could also be relevant for brand new tasks, however not for belongings developed on an built-in foundation.

“PIB ought to think about harmonising the taxes right into a single tax system and permit for consolidated submitting and tax reporting. PIB ought to deal with this situation of plethora of taxes, and cease the penchant for different Authorities companies to see the oil and gasoline trade as a simple supply of their inner income. 

“Moreover, a big omission within the PIB is a transparent dispute decision mechanism, which is vital to strengthen investor confidence. Below the PIB, a number of companies have the facility to make closing rulings on issues with out recourse to judiciary or impartial arbitration. Entry to a good and impartial dispute decision mechanism is vital in offering an equitable and steady funding setting and is a globally-accepted apply.”

Earlier in his presentation,  the Group Managing Director of Nigerian Nationwide Petroleum Company,  NNPC, Engr. Mele Kyari stated that 

since 2000 till this second,  the oil  trade has not seen important funding besides one specific space, manufacturing sharing which, he stated has challenges due to  the fiscal uncertainties.

Kyari stated, “This trade doesn’t tolerate uncertainties, once we began the journey to PIB within the yr 2000, by means of the oil and  gasoline reform committee that was the start of the interruption of uncertainties within the trade. And since 2000 till this second, that the trade has not seen important funding besides one specific space, manufacturing sharing which we nonetheless  have challenges due to  the fiscal uncertainties.

“This trade refused to develop from 2000 until at this time, we haven’t seen important improvement on this trade since 2000 and the reason being very clear.

“The three makes an attempt to make this laws work that has not succeed however each time you’ve gotten such scenario you’ve gotten uncertainties.We won’t discover different buyers coming so long as we stay a really excessive value setting, a really unsure fiscal setting and with different related points that include it.

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“Passing the PIB in order that we turn out to be extra aggressive, in comparison with the place we’re 20 years in the past.

“PIB is to carry us again to actuality that actuality is to make the most of the sources that we now have at this time to allow us develop the midstream which is what’s missing at this time in order that we now have the possessive amenities and likewise focusing extra on gasoline improvement in order that this nation could make progress.It’s going to take folks out of poverty.”

In his remarks,  Minister of State for Petroleum Sources,  Timipre Sylva stated that the volatility of world crude costs which crashed into negativity on the top of covid 19, has underscored the urgency that necessiates the passing of the PIB.

In keeping with the Minister,  it can go a protracted solution to overhauling the authorized and regulatory framework of the Nigerian petroleum trade and clarifies the foundations of engagement for the monetisation of our  helpful hydrocarbon sources.

He stated the proliferation of the nation’s funding hydrocarbons that make it appear obtainable for exploitation have additionally impacted on demand for crude in addition to the income and earnings accruable.

Sylva stated, “This present day has been anticipated for a really very long time given the checkered historical past of the varied try and move the invoice and has been made potential by the trouble of the totally different stakeholders throughout the government and legislature who’ve labored with patriotic and selfless zeal to make thi occur.

“I need to place on report, my gratitude to President Muhammadu Buhari for his immense assist and steering which culminated into transmission of the PIB to the Nationwide Meeting on Sept. 28, 2020.

“This invoice was tabled earlier than the ninth meeting on the 30th September and since then, the distinguished lawmakers have labored assiduously on it and this has accounted for the nice objective that had introduced us to this public listening to.

“Distinguished Senators have additionally promised to think about and move the invoice into legislation expeditiously and I need to place on report the  honest gratitude of the federal authorities and the nice folks of Nigeria who will profit from the passing of the PIB by the senators. 

“The journey to enhance a viable and funding -friendly regulatory framework for the Nigerian petroleum trade has been on for the previous 20 years and has  been characterised by all kinds of challenges which have prevented that journey from  reaching the specified vacation spot until date. 

“That however, the need for reform of the Nigeria petroleum trade to make it conform to the present realities to correct place it for the challenges of the longer term has made it crucial for the trouble to pas the invoice to be sustained and finalised.

“Certainly the world had modified considerably because the first effort of reform was made within the yr 2000 to move the PIB.

“The Nigerian petroleum trade  faces  challenges arising not from the home setting however from the broader worldwide setting, other than the present covid 19 crises which has value the strongest recession skilled globally since 2019, the trade faces different vital challenges, a number of nations have introduced the intent to adjust to the Paris settlement of 2016 and have adopted local weather change insurance policies.

“The volatility of world crude costs which  crashed into negativity into territory on the top of covid 19, the proliferation of nation’s funding hydrocarbons and make it appear obtainable  for exploitation have additionally impacted on demand for crude in addition to the income and earnings accruabl.

“The above state of affairs underscores the urgency that necessiates the passing of the PIB which overhauls the authorized and regulatory framework of the Nigerian petroleum trade and clarifies the foundations of engagement for the monetisation of our  helpful hydrocarbon sources.”

Talking for the Petroleum and Pure Fuel Senior Workers Affiliation of Nigeria( PENGASSAN) and the Nigeria Union of Petroleum and Pure Fuel Employees, NUPENG, Comrade Festus Osifo who famous that they’ve over 100,000 within the oil sector, stated {that a} balanced PIB have to be handed and signed into legislation, including that it should not be lopsided in nature. 

In keeping with PENGASSAN and NUPENG, there should a single regulator for  the sector with departments that ought to be created  relatively than have a twin or a number of regulators,  including that the invoice on the finish of the day, should entice funding and improvement.

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Man lures 12-year-old lady in a bush, rapes her, aborts her being pregnant

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50-yr-old father of 2 rapes neighbour's 10-year-old daughter in Ondo
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A Dutse Chief Magistrates’ Courtroom, on Monday, ordered the remand of a 55-year-old man, Ibrahim Jallo, in a correctional centre for allegedly raping a 12-year-old lady and stopping her child from being born alive.

The defendant, a resident of Buma Ruwa village in Gwiwa Native Authorities space, is going through a two-count cost, bordering on rape and an act executed to forestall little one from being born alive.

Earlier, the Prosecution Counsel, Mr Musa Fagam, had informed the court docket that the defendant dedicated the offences someday in 2020.

Fagam stated that the defendant lured a 12-year-old lady into a close-by bush and had canal information of her, ensuing within the sufferer getting pregnant.

He additional informed the court docket that the defendant, thereafter, gave the sufferer medication which pressured the unborn child to return out useless.

Fagam stated that the offences contravened Sections 282(e) and 235 of the Penal Code Legislation.

Whereas the defendant pleaded responsible to the cost of rape, he, nevertheless, pleaded not responsible to the cost of stopping the newborn from being born alive.

The Justice of the Peace, Mrs Batula Dauda, order that the defendant be remanded in a correctional centre and adjourned the case until Feb. 25, for additional point out. (NAN)

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