ADVERTISEMENT

Senate President calls for efficient management of crude oil resources

The Senate President said this while speaking on the importance of the oil community development bill.

Senate President, Bukola Saraki.

Saraki also said in order to bring the economy back on its feet, the effective management of crude oil resources is needed.

According to Punch, Saraki, through his Special Adviser on Media and Publicity, Yusuph Olaniyonu, said “For many years now, the PIB has been stalled at different stages for one reason or the other. At this point, the Senate is ready and willing to do everything that it takes to get Nigeria’s economy out of this recession and the efficient and effective management of our oil resources is a key component of this.

“Now that the legislation to provide a governance and institutional framework for the petroleum industry has passed the second reading, it is time to re-introduce the host community development legislation to address the legitimate agitations of the people of the Niger Delta.”

ADVERTISEMENT

He also said the host community development bill when passed into law, will “address issues relating to community participation, security and the ecological debt incurred by host communities from oil extraction.”

The Senate President also condemned reports of rape and diversion of food items in Internally Displaced Persons (IDP) camps.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Video of weird school competition shows young students licking one another's feet

Video of weird school competition shows young students licking one another's feet

UniCal records highest number of first class graduates in 49 years

UniCal records highest number of first class graduates in 49 years

Army announces names of 17 soldiers killed in shocking Delta attack

Army announces names of 17 soldiers killed in shocking Delta attack

Ooni wants Ile-Ife, Modakeke indigenes to live together peacefully

Ooni wants Ile-Ife, Modakeke indigenes to live together peacefully

'Politics is not about being negative every time' — Peter Obi

'Politics is not about being negative every time' — Peter Obi

Army thinks Okuama community planned shocking murder of 16 soldiers in Delta

Army thinks Okuama community planned shocking murder of 16 soldiers in Delta

27,600 Benue women to receive grants, loans for business growth, self reliant

27,600 Benue women to receive grants, loans for business growth, self reliant

₦184 million per street light project and other shocking figures in 2024 budget

₦184 million per street light project and other shocking figures in 2024 budget

We'll stand with you like wall of Gibraltar - Tinubu tells Edo guber candidate

We'll stand with you like wall of Gibraltar - Tinubu tells Edo guber candidate

Pulse Sports

Super Eagles Bright Osayi-Samuel punches pitch invader as violence erupts following Trabzonspor vs Fenerbahce

Super Eagles Bright Osayi-Samuel punches pitch invader as violence erupts following Trabzonspor vs Fenerbahce

Naija Stars Abroad: Moffi, Chukwueze battle Oshoala, Echegini for POTW

Naija Stars Abroad: Moffi, Chukwueze battle Oshoala, Echegini for POTW

Report: Super Eagles get new coach for Ghana and Mali clash

Report: Super Eagles get new coach for Ghana and Mali clash

Osimhen misses out on N17b payday after Napoli's UCL loss to Barcelona

Osimhen misses out on N17b payday after Napoli's UCL loss to Barcelona

‘Thank you’ - Osimhen’s girlfriend Stefanie Ladewig grateful for being the mother of his child

‘Thank you’ - Osimhen’s girlfriend Stefanie Ladewig grateful for being the mother of his child

4 reasons why Victor Osimhen should choose Arsenal over Chelsea, Manchester United and PSG

4 reasons why Victor Osimhen should choose Arsenal over Chelsea, Manchester United and PSG

ADVERTISEMENT
ADVERTISEMENT