NUT PROTEST : WIKE WARNS AGAINST POLITICISING INSECURITY. (PHOTO).

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 NUT Protest : Wike Warns Against Politicising Insecurity The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has warned against politicising insecurity amid protests by the Nigeria Union of Teachers, FCT wing, over the killing and abduction of school staff and children in Oyo State. Teachers stormed the FCTA Secretariat in Abuja to condemn the killing of Michael Oyedokun and to demand the release of abducted pupils and teachers from Community High School, Ahoro-Esinle in Oriire Local Government Area. The FCT minister addressed the protesters on Tuesday, saying the federal government is on its toes working to secure the rescue of the schoolchildren and their teachers. Wike urged protesters to avoid turning the tragedy into a political issue and to give security efforts time to produce results. Chairman of the union in the FCT, Mr Abdullahi Shafa, explained that the nationwide solidarity protest was to condemn the killing of the teacher and abduction of the school chil...
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WHY WE ARE AMENDING PRODUCTION SHARING CONTRACT LAW - SENATE PRESIDENT.{PHOTO}.#PRESS RELEASE.

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     The President of the Senate, Ahmad Lawan on Monday justified the current move by the Senate to amend the law on Production Sharing Contract in the oil industry.
Lawan said "it has become absolutely necessary for us to do so as a country so that we can generate more revenues from our endowments."
He spoke while declaring open a public hearing on the Deep Offshore and Inland Basin Production Sharing Contract 2004(amendment) Bill 2019 which is being sponsored by Senator Albert Bassey Akpan. The public hearing was convened jointly by the Senate committees on Petroleum (upstream), Gas, finance and Judiciary.
The Senate President said that the Senate will, in the process of carrying out the amendment, be mindful of the need to maintain a competitive environment for businesses to continue to thrive.The Senate, he said, will also ensure that the Oil and Gas business in Nigeria remain profitable.The bill seeks to amend section 5 of the PSC Act to bring the provisions of that section into conformity with the generality of provisions of the Act and into congruence with the intendment and essence of Production Sharing Contracts.“We want to attract more investments and therefore it is absolutely necessary that we engage in a process that we produce a win-win situation" for Nigeria and the business concerns in the oil and gas industry.
"Let me assure everyone here that the national assembly is determined to pass this bill and of course that will be a precursor to our determination to pass the Petroleum Industry Bill next year," Lawan said.
The Petroleum Industry Bill was first introduced in 2007 and the bill is yet to be passed in its entirety.
Lawan said the National Assembly will this time around adopt a different approach to make the passage of the PIB a reality. “We want to see a situation where the Legislature and the Executive work very closely to have a PIB that will attract investment into the oil and gas sector in Nigeria."An investment climate that will be competitive; we know we have other countries who have this product, and therefore we have to be competitive, we have to have an environment where the businesses make profit. “This is a journey that involves everyone. We want both govt – and that includes the legislature and executive on one hand and Int’l Oil Companies to work together to ensure that this environment we are trying to create is an environment that will work for all of us," Lawan said.
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