AU COMMISSION CHAIRPERSON ARRIVES IN BAMAKO TO REVIVE DIALOGUE WITH MALI. (PHOTO).

Image
 AU Commission Chairperson Arrives in Bamako to Revive Dialogue With Mali Mahmoud Ali Youssouf arrived for a two-day official visit, according to an AU statement. He was welcomed by Mali’s Foreign Minister Abdoulaye Diop and is also expected to meet with President Assimi Goïta, it said, Sputnik reported. The visit comes as Mali remains suspended from AU activities since June 2021. The AU has reaffirmed its support for Mali’s sovereignty and territorial integrity while proposing increased assistance to the security sector.

PHOTOS FROM THE PUBLIC HEARING ON THE PETROLEUM INDUSTRY BILL TODAY.{PHOTOS}.

                             Yesterday i reported that today wednesday the Senate will begin the public hearing on the petroleum Industry Governance Bill {PIB},which passed second reading on tuesday November 1st,2016.So today Senator Saraki declared open the public hearing on the Petroleum Industry Bill,which is a step forward in creating a framework for petroleum industry.In the opening remark of the Senate president in which i will write in parts because is too long and marked 1-19, he said in 1.''The petroleum industry remains the mainstay of the Nigerian economy.Oil and gas have been,and will likely remain for the forseeable future,Nigeria's most important non-renewable energy source.The industry contributes over 90% of the country'dd foreign exchange earnings.3.It is unacceptable that till date,we still import over 90% of needed petroleum products {petrol and chemicals},we flare substantial gas produced,we have damaged our eco-systems and polluted our communities and cannot supply adequate electricity to our homes and industries.This situation has undermined our citizens' standard of living,life expectancy,our national energy security and has resulted to other unforeseen fall-outs like: labour unrest; fuel queues; high cost of delivery of products; high cost of delivery of overall services in the overall economy; and unquantifiable wastage of national productivity as a result.5.The 8th Senate recognizes that the reason for the death of reform in the industry is not due to lack of trying.Since 2008 when the PIB was first introduced through to the 7th National Assembly,several versions of the bill have unsuccessfully made their way through the National Assembly''.While,the PIB was stalling and its passage delayed at the National Assembly,investment decisions in the industry continued to suffer,keeping the country's future in limbo and denying Nigeria the unique opportunity as an oil and gas leader in Sub Sahara Africa.More photos below.
                  

Comments

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

THE NEW OONI OF ILE-IFE,WILL NOT EAT THE HEART OF THE LATE OONI-PALACE CHIEFS.