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Benefits Of Passed PIB To Nigerias Economy

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ABdullahi Mahmud Gaya

 

Hon Abdullahi Mahmud Gaya

Nigeria’s oil and gas industries is being governed by laws enacted more than 50 years ago which has extremely not conversant with the current oil and gas reality. For all these years the sectors only have about 28 Petroleum Acts and Regulations which overlapped in functions and responsibilities without comprehensive law for the administration of the oil and gas sector.

The most recent regulations and acts that governed Nation’s oil and gas are National Data Repository Regulations 2020 Petroleum (Drilling & Production) (Amendments), Regulations 2020 Deep Offshore And Inland Basin Production Sharing Contracts,
Petroleum (Drilling And Production) (Amendment) Regulations, 2019 and Flare Gas (Prevention of Waste & Pollution) Regulations 2018. President Muhammadu Buhari also signed into law, a Bill to amend the Deep Offshore (and Inland Basin Production Sharing Contract) Act [the PSC Act].

For 13 years, the passed Petroleum Industry Bill (PIB) have gone through three presidents and four legislative tenures without resulting in an overarching petroleum industry law. Even though In 2018, the House of Representatives passed a harmonised version of the PIGB almost a year After the Senate passed the bill. However, the Petroleum Industry Bill was rejected by President Muhammadu Buhari for “Legal and Constitutional reasons.

My piece will focus on the significance of the Petroleum Industry Bill (PIB) passage to the country economy and benefits to Nigeria. About two weeks ago both chambers of the National Assembly Passed long-awaited Petroleum Industry Bill after 13 years in the House.

It is a fact that Nigeria hosts the African second largest Petroleum reserve with proven oil reserves about 36.97 billion barrels of crude oil. As of 2020, Nigeria is the most concentrated the natural gas reserves in Africa. The country had more than 200.4 Trillion Standard Cubic Feet (TSCF). But in spite of this abundance Oil and Gas reserve but country only received 4 per cent ($3 billion) of $75 billion invested in the continent in 2019 making Nigeria to be overthrown by its smaller neighbour, Ghana, National Bureau of Statistics, NBS

Non passage of the Bill remain a major drag on the petroleum industry, which has significantly limiting country potential to attract both local and foreign capital at a time when many other countries in Africa’s are scrambling to exploit their oil and gas resource.

The global market is changing rapidly, exacerbating old threats and creating new ones. The world’s largest consumers have become top producers and top importers have begun to export. Future trends for the oil industry do not look too good because a number of developed countries have set ambitious targets for reduced greenhouse emissions.

According OPEC projection that by 2040 oil sector is going to be playing less and less a role in global energy usage. If the projection come true in the next 20 years from now the world’s dependence on oil would have reduced to 50 percent. Considering the future usefulness of petroleum resources in the near decades had increased level of uncertainty on oil demand call for great concern but the passing PIB would overhaul the sector that has not been operate optimally in line with global standards.

Going by OPEC projection likely petroleum would have no much value in the next 20 years due to new technologies, fossil fuel may be less attractive as projected but it is time for Nigeria to maximum benefit of it fossil fuel reserves through this reform before it fades away with new technologies, fossil fuel. it is to act fast in the repositioning of the oil and gas industries with desirable legislation that would strengthen transparency, accountability limiting economic loss for the gas and petroleum industries and the country.

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The Bill consists of Five Distinct chapters, with Miscellaneous Provisions comprising 319 clauses and 8 schedules. Most importantly, the PIB will create a sustainable investment climate, where business in the sector will flourish. The NNPC operation will be commercially oriented, which would bring much-needed dividends to Nigerians. NNPC will metamorphose into a Limited Liability Company. In the coming months, NNPC will play more vital role in the petroleum marketplace, just like other marketers in the downstream space. In meantime NNPC Limited initial shareholders will be open for the general public to invest. Then with regards to the fiscal regime, the laws will bring it in tandem with international best practices, to make the oil and gas industry in Nigeria much more competitive and attract the much-needed investments into the country. The initial shareholders are going to be the Ministry of Finance Incorporated and Ministry of Petroleum Incorporated.

On 3 percent for Host Community Development Fund, House of Representatives made efforts to return to the Senate to discuss the possibility of renegotiation to 5%. But by the time the members of the conference committee reached Red Chamber had already passed the report thereby foreclosing any chance of a review. Therefore, members of the conference committee of the House had to return and pass it. That is what House rules say. As we don’t want PIB to suffer the same fate that it had suffered in the past. Therefore House of Representatives adopted Conference Report on the Petroleum Industry Bill approving 3% as the financial provision for the Host Communities Fund is to align with the position of the Senate on the same matter.

The 3 percent should pay annually as a contribution to the Host Community Development Fund Operating Expenditure Of Oil Companies (OPEX). Another good aspect for communities component in the bill provides that each settlor must set up a development trust fund and appoint a Board of Trustee which must apply to the Corporate Affairs Commission (CAC) to register the trust as a Host Communities Development Trust.

Clause 236 of the bill gives the time frame for the registration of a trust fund for oil assets. For existing leases and existing designated facilities, the period for setting up the fund is within 12 months of the bill coming into effect. Existing prospective licenses must set up the Fund before application for the field development plan. And failure to comply with setting up of the trust fund in line with the Act, a holder risks revocation of the applicable license.

The 3% should be paid annually as a contribution to the host Community Development Fund Operating Expenditure of Oil Companies (OPEX). The bill provides that each settlor must set up a development trust fund and appoint a Board of Trustee which must apply to the Corporate Affairs Commission (CAC) to register the trust as a Host Communities Development Trust.

The quest for oil explorations in the North and other parts of the country have received a huge boost. Based on Section 9 of the PIB, at least 30% of the profit generated by the proposed Nigerian National Petroleum Company Limited will go to the exploration of oil in ‘frontier basins’. Although the proposed law doesn’t identify the frontier basins, a statement by the President in 2019 identified the frontier basins as Chad Basin, Gongola Basin, Anambra Basin, Sokoto Basin, Dahomey Basin, Bida Basin and Benue Trough.

The proposed law stipulates that the 30% profits from oil operations will be held in Escrow Account that process completing of transaction. Money, securities, funds, and other assets can all be held in escrow. In a situation where it is not being used, it would be returned to the treasury.

The main objective of 30% of Frontier exploration activities is to promote the exploration of petroleum resources in Nigeria for the benefit of the Nigerian people and promote sustainable development of the industry, ensure safe, efficient transportation and distribution of infrastructure, and transparency and accountability in the administration of petroleum resources in Nigeria.

If PIB assent by PMB will clear the concerns raised by investors and have greater clarity on the direction of the industry, especially with respect to the new fiscal rules and Nigeria’s oil and gas industry and Nigeria’s economy to witness an exponential growth soon. The bill also promotes the competitive and liberalized downstream sector of the petroleum industry as well as the development of fuel and chemical industries.

 

Hon Gaya, Writes in From the House of Representatives Abuja

Opinion

The Rise of AI Delusion: A Student’s Perspective on How AI is Reshaping Relationships, Mentorship, and Counselling

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Modern campus life is undergoing a quiet but profound psychological shift. If you walk into any university hostel or library late at night, you will see students intensely staring at their screens. They are not just scrolling through social media or typing out assignments; many are having deep, highly personal conversations with artificial intelligence. Faced with intense academic pressure, social isolation, and a volatile job market, students are increasingly treating generative AI chatbots not just as functional engines, but as emotional lifelines.

This emerging phenomenon highlights what can be called the “AI Delusion”—the psychological tendency for users to attribute real human consciousness, genuine empathy, and authentic wisdom to automated language models that are simply predicting words based on statistical data. From a student’s perspective, this reliance is quietly reshaping the three foundational pillars of the higher education experience: interpersonal relationships, academic mentorship, and mental health counselling.

First, AI is radically changing the landscape of campus relationships. Loneliness remains a massive hurdle in student environments, prompting many undergraduates to turn to AI companion applications for immediate interaction.

These applications are available 24/7, never judge, and offer a simulated space of comfort. However, the delusion occurs when a student confuses this simulated, one-sided validation with a real, reciprocal relationship. While data on conversational AI shows these tools can temporarily lower perceived feelings of isolation, psychologists confirm they do not resolve structural clinical symptoms. Human relationships are naturally messy. They require conflict resolution, compromise, and mutual vulnerability. By retreating into digital relationships with chatbots, students risk letting their real-world social skills atrophy, making genuine human interaction feel too exhausting to pursue.

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Second, the delusion is altering the nature of academic and career mentorship. Guidance traditionally came from professors, older peers, or university alumni who shared lived experiences, industry networks, and personal failures. Today, students frequently bypass this human network entirely, asking AI to evaluate their skills and map out their professional futures. While generative AI tools excel at formatting resumes or providing structured career advice, they carry a high risk of user over-reliance.

Educators confirm that automated tools fundamentally lack the nuanced relational, situational, and developmental depth that defines authentic human mentorship. Students who depend solely on automated advisors miss out on the critical “hidden curriculum” of professional networking and human intuition that an algorithm simply cannot simulate.

Third, and perhaps most critically, AI is transforming mental health counselling on campus. University wellness centres globally face extreme backlogs, high costs, and institutional bottlenecks, forcing students to look for alternative solutions. Consequently, an increasing number of youth now utilize AI chatbots as standalone “pocket therapists” to process anxiety and trauma. The delusion of the digital counsellor poses serious psychological risks. Large language models do not possess clinical judgment or genuine empathy. Medical experts warn that while evidence-based digital therapy apps can serve as helpful administrative or basic self-help scaffolds between sessions, they cannot substitute for a qualified human therapist. Relying on pattern-recognition robots during a severe psychological crisis can result in superficial coping mechanisms or dangerously isolated coping loops.

Ultimately, analyzing this trend from a student’s perspective reveals that technology must have strict emotional and practical boundaries. AI is an incredible tool for brainstorming, accelerating research, and enhancing productivity, but it becomes a delusion the moment we allow it to replace human depth. If our generation is to thrive in a digital future, we must treat AI as a bicycle for the mind rather than a replacement for the human heart. True growth, emotional resilience, and professional success will always require real human connections, authentic mentors, and real human empathy.

Adeyemi Ige Taiwo Oluwatosin
200-level student, Department of Development and Strategic Communication, University of Abuja.

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Opinion

Question Over Killings, Kidnappings, and Bandit Attacks: What Exactly Will Homeland Security Change?

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Abraham Victory

 

By Abraham Victory

When more than forty schoolchildren were abducted during coordinated attacks on schools in Borno in May, Nigerians were reminded of one of the country’s darkest security nightmares: the return of large-scale school kidnappings.

Only weeks later, reports emerged of fresh bandit attacks in Zamfara, where farmers were killed while working on their farmlands. Across parts of Benue and the Middle Belt, communities continued to mourn victims of deadly attacks that left many families displaced and fearful about what tomorrow might bring.

For ordinary Nigerians, these incidents are no longer isolated headlines. They have become symbols of a broader security crisis that has persisted despite the presence of numerous security agencies and repeated government reforms.

It is against this backdrop that President Bola Ahmed Tinubu’s creation of the office of Special Adviser on Homeland Security deserves serious public scrutiny.

The appointment has generated debate among security experts, policymakers, and citizens alike. Supporters argue that Nigeria’s growing internal security challenges require specialised attention. Critics worry that the country may be creating another layer of bureaucracy without addressing the real problem.

The question Nigerians should be asking is straightforward: Would another office have prevented these attacks?

The answer depends on how one understands Nigeria’s security challenge.

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Take the recent school abductions. The issue was not the absence of security institutions. Nigeria already has the military, police, DSS, civil defence, intelligence agencies, and the Office of the National Security Adviser. The challenge was whether intelligence was gathered early enough, shared effectively, and acted upon before the attacks occurred.

The same question applies to the recurring attacks in Benue and the resurgence of bandit activities across the North-West. In many cases, local communities claim warning signs existed before attacks occurred. Yet security responses often arrived after lives had already been lost.

This suggests that Nigeria’s greatest security challenge may not be a shortage of institutions but a shortage of coordination.

The Office of the National Security Adviser was created precisely to address this problem. The NSA coordinates intelligence activities, advises the President on security matters, and facilitates cooperation among agencies. If Homeland Security is established as a parallel structure with overlapping responsibilities, the risk is that coordination problems could become even more complicated rather than less.

Who receives intelligence first? Who coordinates domestic threat responses? Who bears responsibility when security failures occur?

These questions matter because effective security management depends on clear authority and accountability.

None of this means Homeland Security is unnecessary. The recent wave of kidnappings, bandit attacks, and mass killings demonstrates that Nigeria’s internal security challenges require specialised attention. However, specialisation should strengthen coordination, not weaken it.

A Homeland Security structure can add value if it operates under the strategic framework of the National Security Adviser, focusing specifically on domestic threat management, emergency preparedness, critical infrastructure protection, and internal intelligence integration.

What Nigerians need today is not another competition among security institutions. They need a system capable of preventing the next school abduction, stopping the next bandit attack, and protecting the next vulnerable community before tragedy occurs.

The success of Homeland Security will therefore not be measured by the title of the office or the prestige of the appointment.

It will be measured by a far simpler standard: whether fewer children are kidnapped, fewer communities are attacked, and fewer Nigerians lose their lives to insecurity.

That is the question the government must answer, and it is the result Nigerians deserve.

Abraham Victory
Department of Development and Strategic Communication
200 Level
Abuja, Nigeria

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Opinion

The Prophet’s Mosque, Al-Rawdah, and the Inner Peace of the Visitor’s Mind

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By Abubakar Dangambo

Madinah Al-Munawwarah, the radiant city of the Prophet Muhammad (peace be upon him), occupies a unique place in the hearts of Muslims across the world. Located about 450 kilometers from Makkah, it is a city of peace, spirituality, and immense historical significance. For millions of believers, visiting Madinah is not merely a journey; it is the fulfillment of a lifelong dream.

Unlike many great cities of the world that are known for their skyscrapers, industries, or commercial activities, Madinah is known for something far more precious—tranquility. The moment a visitor enters the city, he is greeted by an atmosphere of calmness and serenity that is difficult to describe in words. The city seems to embrace every visitor with a sense of comfort, reminding them that they are walking on land blessed by the presence of the Messenger of Allah (peace be upon him).

At the heart of Madinah stands the magnificent Prophet’s Mosque (Al-Masjid An-Nabawi), one of the holiest sites in Islam. Within its sacred boundaries lies the house of the Prophet Muhammad (peace be upon him), where he spent much of his life and where he is buried alongside his beloved companions, Abu Bakr As-Siddiq (RA) and Umar ibn Al-Khattab (RA).

The first time I entered Madinah and subsequently stepped into the Prophet’s Mosque to observe the Maghrib and Isha prayers, I was overwhelmed with emotion. Words failed me. My eyes filled with tears of joy and gratitude. For years, I had dreamed of visiting this sacred place, and suddenly I found myself standing within its walls.

As I joined thousands of worshippers in prayer, an indescribable feeling settled over me. My mind became calm, my heart found rest, and my entire body felt a comfort unlike anything I had ever experienced. It was as though every burden and worry had been lifted away. The peaceful atmosphere of the mosque, combined with the spiritual presence of the place, created a feeling that remains unforgettable.

Although we arrived in Madinah late at night from Jeddah, I could hardly wait for dawn. Immediately after the Fajr prayer the following morning, I hurried back to the Prophet’s Mosque to visit the resting place of the Prophet Muhammad (peace be upon him) and his noble companions.

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Standing before the sacred chamber was one of the most emotional moments of my life. Tears flowed freely as I thanked Allah Almighty for granting me the opportunity to fulfill a dream I had cherished for many years. I offered my greetings and salutations to the Prophet (peace be upon him), Abu Bakr (RA), and Umar (RA), praying that Allah would count me among those who sincerely love and follow their noble example.

Another unforgettable experience was praying in Al-Rawdah, the blessed area between the Prophet’s pulpit and his house. The Prophet (peace be upon him) described it as a garden from the gardens of Paradise. Every Muslim who enters Al-Rawdah feels a special connection to history, faith, and spirituality. Being in that sacred space filled me with gratitude and humility. I spent those precious moments in prayer, reflection, and remembrance of Allah, thanking Him for His countless blessings.

What makes Madinah even more remarkable is not only its sacred sites but also the character of its people. The residents of Madinah are widely known for their kindness, hospitality, and respect for visitors. Whether in the streets, markets, hotels, or around the mosque, one encounters smiles, warm greetings, and genuine willingness to help.

The hospitality of the people reflects the legacy of the Ansar—the noble residents of Madinah who welcomed the Prophet Muhammad (peace be upon him) and his companions during the Hijrah. That spirit of generosity and care continues to live on in the city today. Visitors from every race, language, and nationality are treated with respect and dignity, making them feel at home despite being far from their own countries.

Walking through the streets of Madinah is itself a memorable experience. The city is remarkably clean, organized, and peaceful. Around the Prophet’s Mosque, worshippers from every corner of the world gather in unity, demonstrating the universal brotherhood of Islam. Despite the diversity of cultures and languages, everyone is united by the same faith and love for Allah and His Messenger.

My stay in Madinah lasted only two days before I departed for Makkah to commence the rites of pilgrimage. Yet those two days remain among the most cherished moments of my life. The joy, comfort, spiritual fulfillment, and inner peace I experienced are memories that can never be erased.

Even now, whenever I reflect on those blessed days, my heart longs to return. Madinah is not simply a city one visits; it is a city that captures the soul. Its beauty lies not only in its buildings or landmarks but in the tranquility it offers, the history it preserves, and the spiritual connection it nurtures.

As I conclude this reflection, I pray that Allah, the Most Merciful, grants me another opportunity to visit Madinah and the Prophet’s Mosque. I also pray that every Muslim who desires to visit the blessed city will one day be granted that privilege.

May Allah continue to shower His peace and blessings upon our beloved Prophet Muhammad (peace be upon him), his family, his companions, and all those who follow his guidance until the Day of Judgment.

Ameen.

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