www.peoplesdaily-online.com
Vol. 9 No. 80
Friday, November 30, 2012
. . . putting the people first
Al-Muharram 15, 1434 AH
N150
PIB: Diezani stuns NASS with N6bn PR vote By Richard Ihediwa
D
etails of how the Ministry of Petroleum Resources has been pushing the passage of the controversial Petroleum Industry bill (PIB) have started emerging as documents tendered at the Senate yesterday showed that the ministry earmarked a total of N6.2 billion to facilitate the passage of the bill currently in the National Assembly. The documents also showed that the ministry has earmarked another N1 billion to conduct an assessment of oil spills in oil producing states. Minister of Petroleum Resources, Mrs. Diezani AlisonMadueke, who tendered the documents when she appeared before the Joint National Assembly Committee on Gas and Petroleum to defend the ministry's 2013 budget, told stunned lawmakers that the N6.2 billion has been earmarked for "enlightenment campaigns" on the bill. The minister confirmed that the ministry had already spent
N110 million out of the amount on the awareness campaign for the bill which failed in 2010 but insisted that she needed the N6 billion to conduct a "comprehensive awareness campaign" to enable the PIB to sail through this time. The documents showed that in 2010, the ministry spent N94.5 million on the programme, N16.3 million in 2011 and another N17.2 million was appropriated for it in 2012. The campaign may also involve lobbying critical stakeholders, especially federal legislators for the speedy passage of the draft law, apparently against the backdrop of the intense lobby mounted by certain multinational oil companies, allegedly to scuttle its passage, Peoples Daily learnt yesterday. Mrs. Alison-Madueke told the committee that the ministry will need N1billion to conduct a full scale assessment and documentation of oil spills in the nine oil producing states. This does not include actual remedial work. Already, the contract for the Contd on Page 2
Emir of Kano, Alhaji Ado Bayero, going through a copy of Peoples Daily newspaper, during a visit by the management of Peoples Media Limited to the emir’s palace, yesterday in Kano. Photo: Mahmud Isa
Reps to Sanusi
You’re a failed economist Ignore him — Labour minister
“
By Lawrence Olaoye and Umaar Muhammad Puma
T
he House of Representatives yesterday described Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi as a failed economist whose proposals have always failed under public scrutiny. It also decried lack of cash backing for the N300 billion capital budget for the fourth
To Sanusi, I will say physician heal thyself. When he became the CBN governor in 2009, he met the workforce of 5022, but with the spate of 3 years, the workforce has expanded to 6015. With over 20 directors, I wonder why he should be advising other agencies to prune down.”
quarter by the Finance Minister, Dr. Ngozi Okonjo-Iweala, just 19 working days to the end of the 2012 fiscal year Responding to the CBN governor’s suggestion that the number in the House of Representatives pruned down in order to reduce the cost of governance in the country, Deputy Chairman, House Committee on Media and Public Contd on Page 2
Boko Haram leader General Buhammadu salutes global Buhari's daughter dies in child birth jihadists in video >> PAGE 3
>> PAGE 3
PD INDEX
CBN RATES $ £ EURO CFA RIYAL
BUYING 154.76 246.91 197.25 0.2831 41
SELLING 155.76 248.51 200.54 0.3031 41.5
PARALLEL RATES EURO £ RIYAL $
Police pension: Reps order OkonjoIweala’s arrest >> PAGE 4
29th Nov., 2012
BUYING 207 255 42 157
SELLING 209 256 44 158