Baru: Africa Yet to Tap over 41bn Barrels of Crude, 319trn scf of Gas via thisdaylive
Chineme Okafor in Abuja and Peter Uzoho with agency report
The occasion also provided an opportunity for the NNPC boss to make a case for the domestication of oil and gas technologies within the African continent. Ministers and high level energy executives from Mali, Somalia, Namibia and Uganda were among panelists at the Special Session. The country has also failed to adequately address the impacts of oil exploration on host communities, thus resulting to frequent agitation and militancy in the oil-producing Niger Delta region.
Stating that his powers will be reduced, Buhari in August of 2018 reportedly failed to sign the PIGB, an offshoot of the larger PIB, which the National Assembly separated into four different bills for ease of passage. In the Kenyan law, the national government’s share of petroleum revenues before the imposition of taxes shall be deposited to a dedicated petroleum fund, and managed in accordance with the Public Finance Management Act.
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