Olofu Profile picture
20 Jan, 14 tweets, 6 min read
Worldwide, the average life expectancy rate is about 70 years, life expectancy in the Niger Delta is 41yrs. The oil spills in the Niger Delta have negative implications on local human health and has made malnutrition predominant...

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#NigeriansDemandPIB
@nassnigeria
...as the region is only capable of producing small portions of food unaffected by oil spills.

The development of the Niger Delta is sacrosanct and having a solid piece of legislation is very important.

#NigeriansDemandPIB
There is no doubt that efforts to transfer benefits to the Niger Delta region over the years like the 13% Derivation fund, NDDC and so on have been marred by corruption.
#NigeriansDemandPIB
The best benefits transfer mechanism has been the GMOU which is an agreement between oil companies and host communities but it's non-mandatory.
#NigeriansDemandPIB
Chapter three of the Petroleum Industry Bill (PIB)that is currently under the process of being passed is entirely focused on the creation of the "Host Community Development Trusts(HCDT) which are funded through an annual contribution of 2.5%...
#NigeriansDemandPIB
...of the previous annual operating expenditure of the lessee/licensee in that location"

As I wrote earlier, GMOU has been the best benefit transfer mechanism to the region but it's not mandatory, the HCDT will be a way of mandating it which is a great one.
#NigeriansDemandPIB
The environmental issues in the Niger Delta is a very important one, the PIB draft provides for the creation of an Environmental  Remediation Fund "for the rehabilitation or management of negative environmental impacts with respect to the licence or lease". #NigeriansDemandPIB
Setting aside funds for environmental clean-up is also a great one.

However there are concerns about the future of other benefits transfer mechanism like NDDC and the 13% Derivative fund which have not been impactful. #NigeriansDemandPIB
There are also concerns like the 2.5 % Host community Development trust fund should be increased and the indigenes should be well represented, and many more.
#NigeriansDemandPIB
The latest iteration of the PIB was forwarded to the @nassnigeria in September 2020. It has gone through the first and second reading at both chambers but full deliberation and public hearing is expected to take place.
#NigeriansDemandPIB
The Public hearing will take place from 25th - 26th of this month, it's an opportunity for the public to present these concerns before the bill is taken back for the 3rd reading.
#NigeriansDemandPIB
The process toward establishing the PIB has been on for over 20 years and at colossal expenses to the nation.  More direness and better coordination are required on the section of this significant bill.
#NigeriansDemandPIB
There have been unnecessary delays over the years, let's all lend our voices to make sure the PIB ship is safeguarded from a start-stop, unhurried and ungraceful mode and brought quickly aground. #NigeriansDemandPIB
I have a compilation of strictly Niger Delta Legislators and their contacts(Phone numbers and Email Addresses) You can check the link below and send a simple message like "Nigerians Demands PIB" or even more. Let's go! #NigeriansDemandPIB
medium.com/@mezeyge/niger…

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More from @sheiduhabib_

21 Jan
It’s shameful that Nigeria has the largest reserves in Africa but was able to only receive 4% of the amount invested in the continent between 2015-2019.

#FixNigeriaPassPIB
@nassnigeria
Thread Image
The delay of the PIB is costing the economy an approximated US$200billion annually according to NEITI, in addition to US$15billion lost due to decreased investments.
#FixNigeriaPassPIB
The non-passage of the Petroleum Industry Bill by the Nigerian Government has continued to wreak havoc on the country, especially as it makes Nigeria’s oil and gas sector less attractive to investors.
#FixNigeriaPassPIB
Read 21 tweets
19 Jan
Fot the past 20 years of trying to enact a reform in the oil sector, the Niger deltans have continued to suffer. Multinational companies are making huge profits while majority of the people live on less than $1 a day.

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@nassnigeria

#NASSRevisitPIB Image
The economy in the Niger Delta is almost exclusively oil driven, and many people are involved, illegally, in oil extraction. The Niger Delta bear the burden of environmental degradation from the oil industry, but see very little of the benefit.
#NASSRevisitPIB
Life expectancy in the Niger Delta is 41yrs. What causes this? The degradation of the environment from oil exploration activities. The environment has been visibly ravaged and it affects the economic activities and livelihoods of the people in the region. #NASSRevisitPIB
Read 15 tweets

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