Petroleum Industry Act (PIA) – Shipping World News Magazine

Bayelsa State government has solicited for equity stake in the Brass Fertiliser and Petrochemical Company project about to commence on the Brass Island in the state. Governor Douye Diri made the request on Tuesday when the management team of the company paid him a courtesy visit in Government House, Yenagoa. The Bayelsa governor said the state’s position became necessary due to the negative fallouts in excluding oil producing states and local governments from the Petroleum Industry Act (PIA). Senator Diri in a statement by his Chief Press Secretary, Mr. Daniel Alabrah, contended that implementation of the PIA had been hampered in host communities due to the anomaly in the legislation. He noted that the disregard in the PIA of the Nigerian Constitution, which vests control of land ...

Bayelsa State Governor, Senator Douye Diri, has advocated an amendment of the Petroleum Industry Act (PIA) in order to address the flaws in the legislation. Governor Diri also said the review would go a long way in tackling the ongoing crisis between oil companies and their host communities. Describing the Act as a time bomb, the governor emphasised that since the country operates a federal system of government, it was an aberration for the federal government to deal directly with oil producing communities while excluding the states and local governments. Senator Diri stated this on Tuesday when the new Commander of the Joint Military Task Force, Operation Delta Safe (OPDS), Rear Admiral Eugenio Ferreira, and other officers paid him a courtesy visit in Government House, Yenagoa. ...

Tag: Petroleum Industry Act (PIA)

Bayelsa Seeks Stake In Brass Fertiliser, Petrochemical Projects

PIA, A Time Bomb, Says Gov Diri *Seeks Review Of Act