Stats: 3,170,767 members, 7,879,333 topics. Date: Wednesday, 03 July 2024 at 04:28 PM |
Nairaland Forum / Nairaland / General / Politics / #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers (7873 Views)
Nigeria Losing 400,000 Barrels Of Crude Oil To Thieves Daily: NSA Ribadu / Zainab Ahmed: We Can't Continue, Nigeria Losing N250bn Monthly On Fuel Subsidy / Kaduna Dry Port: Nigeria Losing 100,000TEUs Cargo To Benin Annually (2) (3) (4)
#OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by OEPHIUS(m): 4:36pm On Jan 04, 2019 |
The Petroleum Act 1969 (as amended ) gives full authority or discretion to the minister of petroleum to grant licenses for the exploration, prospecting, and mining of oil, and empowers the president to “cause the farm out of a marginal field If it had been left unattended for a period of not less than 10 years from the date of its first discovery”. https://thepunditng.com/openoillicense-nigeria-is-losing-revenue-from-the-presidents-discretionary-powers/ 2 Likes 1 Share |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by Cutefergieee: 4:44pm On Jan 04, 2019 |
Ok... 2nd FTC at exactly 4.44pm on the 4th day of the month.. Its gonna be a great year. U got the ULTIMATE MORNING SHOW on ur stereo... 4 Likes
|
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by mycar: 4:53pm On Jan 04, 2019 |
And they said that our minister of petroleum is a man of integrity? 31 Likes |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by Raxxye(m): 4:53pm On Jan 04, 2019 |
...And Buhari won't sign the gaddem bill. So much for Mr. Integrity and anti-corruption crusader! Hypocrite! 20 Likes |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by Henry1006(m): 4:53pm On Jan 04, 2019 |
North is the root of our problems in this cage called Nigeria. 27 Likes 3 Shares |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by ericuzor(m): 4:53pm On Jan 04, 2019 |
This corruption has been going on for a while, most billionaire in Nigeria where gifted oil refinery as favours and over night they become most richest in Africa only in this shithole country it happens and citizens sees it as new normal the masses and indigenes of were the oil block is explore are getting poorer.. 15 Likes 1 Share |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by chijioke17(m): 4:54pm On Jan 04, 2019 |
Hmm |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by Nobody: 4:54pm On Jan 04, 2019 |
E |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by oloworulz(m): 4:54pm On Jan 04, 2019 |
Ok. Yes |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by three: 4:54pm On Jan 04, 2019 |
. Corruption in Nigeria 1999 - 2015 : DEMOCRATIC many were chopping Nigeria's commonwealth via illicit deals, kickbacks and outright theft 2015 - 2019 : AUTOCRATIC a select few are chopping Nigeria's commonwealth via illicit deals, kickbacks and outright theft Does anyone remember when Nigeria last experienced this autocratic style of corruption? 1993 - 1998 : ABACHA The one who never 'stole' according to Mr. Maigaskiya Integrity himself #CleansweepBuhari . 20 Likes 2 Shares |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by Jyah04: 4:55pm On Jan 04, 2019 |
The present evil administration has glorified corruption to another level. May the blood of innocent nigeria never let apc come back. 5 Likes |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by JoseVanMoyes: 4:56pm On Jan 04, 2019 |
poor |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by hemjayfrosh(m): 4:57pm On Jan 04, 2019 |
Ok |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by emeejinsm: 4:57pm On Jan 04, 2019 |
Pmb no sabi Leave the work for people way sabi him no gree At the end of the day we the masses will suffer the consequences 2 Likes |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by Gboy101: 4:58pm On Jan 04, 2019 |
The Niger Delta oil is what Is keeping one Nigeria. The British and America are responsible why this country is a shit hole. 7 Likes |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by Nobody: 4:58pm On Jan 04, 2019 |
A Tyrant is ruling over the affairs of men. 1 Like |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by honestivo(m): 5:00pm On Jan 04, 2019 |
What is really hindering the passage of PIB how can all the power of this very important sector be control by one man and the region producing the oil has no say 4 Likes |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by madridguy(m): 5:00pm On Jan 04, 2019 |
Nigeria government has always be padi padi government. And tomorrow someone will say the youth are not ready to work. Just imagine 3 Likes |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by missioner(m): 5:01pm On Jan 04, 2019 |
''The Minister of Petroleum resources will no longer be allowed to issue oil licenses at will as the minister will answer to the NPRC that will be governed by a 9 man board with a fixed tenure. The NPRC will hold licensing rounds and supervise the entire industry. This new agency will be funded from the appropriation act through the National Assembly.'' Hmmn... They say ...He who pays the piper dictate the tune. See mesujamba handiwork.... � Tuale Bukky Bobo Saraki kan, 9ja kan. � We now all know that our collective enemy as a Nation is simply the Natl assembly...esp the leadership. From their much aggrandized electoral act to this so called petroleum industry bill. It is all made of selfish clauses that can never be tenable in a saner clime. Thank you Buhari. Please sir, in the interest of we ordinary Nigerians kindly continue to disallow their bills of 'garbage' from becoming law |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by alezzy13: 5:02pm On Jan 04, 2019 |
ericuzor: but GEJ was president for almost 6 yrs. why didnt he sign it, knowing full well the benefit to his people? |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by Blue3k(m): 5:03pm On Jan 04, 2019 |
Nass should force PIGB though. The country is losing too much over a simple change. I dont see why 2 people should should have all this power when it breeds corruption. The nass is weak so I doubt they'll override any veto. 1 Like |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by akinsdamie: 5:04pm On Jan 04, 2019 |
![]() |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by omoteacher(m): 5:04pm On Jan 04, 2019 |
![]() ![]() ![]() PMB always think he is the most brilliant and best person among Nigerians and Nigerians in diaspora. 1 Like |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by Nobody: 5:05pm On Jan 04, 2019 |
R |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by Jahwinaboy(m): 5:07pm On Jan 04, 2019 |
This is why APC is bent on holding on to power to renew/grant licenses to members. Nigeria sorry. GEJ cleverly appointed a minister of petroleum. Wicked one Nigeria indeed 1 Like |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by alezzy13: 5:10pm On Jan 04, 2019 |
kai but Obj is the biggest thief when it comes to oil. see how he allocated choice blocs to all his cronies. 1 Like |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by chloride6: 5:11pm On Jan 04, 2019 |
![]() ![]() |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by Nobody: 5:12pm On Jan 04, 2019 |
Yoruba billionaire with no oil in their entire region owning an oil blocks in niger delta all because of obj. 4 Likes |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by MycroftHolmes: 5:21pm On Jan 04, 2019 |
Mr Integrity |
Re: #OpenOilLicense Nigeria losing revenue from the President’s discretionary powers by sylve11: 5:30pm On Jan 04, 2019 |
Yeye country. ![]() |
Jimoh Ibrahim Asks Court To Nullify Ondo APC Governorship Primary / Buhari Set To Attend AU Confab On Ebola / World Bank Lowers Nigeria’s Growth Forecast
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 30 |