New bill to abrogate onshore/offshore dichotomy

Dec 19, 2003 01:00 AM

The House of Representatives is to pass a bill in the New Year 2004 to abrogate the dichotomy between on-shore and offshore revenue in the oil sector. The chairman of the House Committee on rules and business, Mr Ita Enang said this in Abuja while giving the first mid-session appraisal of the performance of the house since inauguration.
According to him, the bill is already being gazetted preparatory to being presented at the floor of the house when business resumes in January.

He disclosed that the bill was one of the two being gazetted for presentation in January. The dichotomy between the on-shore/off-shore oil revenue has been the crux of controversy over the implementation of the 13 % derivation as stated in the constitution.
Reviewing the performance of the house since its inauguration in June, Mr Ita Enang stated that not less than 58 bills had been treated by the house out of which 16 were passed and four negative.

He pointed out that 21 bills are still pending at the committee level for consideration while 28 motions were adopted.
Mr Inang assured Nigerians that the 2004 budget presented to the house would be passed before the end of January.

Source: Vanguard
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