Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Diri demands PIA amendment, says states bear burden without power

    Diri demands PIA amendment, says states bear burden without power

    May 22, 2025
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Bayelsa State Governor, Duoye Diri

    Mkpoikana Udoma

    Yenagoa — Bayelsa State Governor, Senator Douye Diri, has renewed his call for the amendment of the Petroleum Industry Act, PIA, insisting that oil-producing states must be given statutory oversight roles in the management of resources as well as host community funds.

    Speaking through his deputy, Senator Lawrence Ewhrudjakpo, at the 2025 Nigerian Oil and Gas Opportunity Fair, NOGOF in Yenagoa, Diri argued that the current structure of the PIA unfairly sidelines state governments while holding them responsible for the consequences of poor community-level governance.

    The governor emphasized that while the PIA enables host communities to directly receive oil proceeds, state governments are often left to resolve disputes arising from mismanagement, without having any legal authority to supervise or intervene.

    He called on the National Assembly to urgently revisit the law to allow for better synergy between federal, state, and community stakeholders in managing oil and gas development projects.

    “The current PIA does not assign responsibilities to state governments, only liabilities. When International Oil Companies (IOCs) bypass the state and engage directly with communities, many of which lack the capacity to manage such investments, it breeds conflict.

    >“We are asking for a statutory role, not to take over, but to provide oversight and ensure sustainable development in our communities,” Diri added.

    The governor also condemned the exclusion of Bayelsa from recent oil asset divestment deals, notably those involving Shell Petroleum Development Company, SPDC, and Nigerian Agip Oil Company, NAOC, which sold their assets to indigenous firms.

    “Bayelsa State made efforts to acquire some shares in these divested assets, given our history of over 70 years of oil operations, but we were overlooked,” he lamented.

    On the theme of the event, “Driving Investment and Production Growth: Shaping a Sustainable Future for Nigeria’s Oil and Gas Industry Through Indigenous Capacity Development,” Diri lauded the Nigerian Content Development and Monitoring Board, NCDMB, for hosting NOGOF but urged more youth-focused programs.

    “We must ask: what capacity are we building, and for whom? We need a clear trajectory to move forward,” he said.

    Diri also expressed displeasure over Bayelsa’s exclusion from the benefits of the Nigeria LNG project, despite the state contributing about 60% of the gas feedstock used by NLNG.

    Meanwhile, Hon. Boma Goodhead, Chairperson of the House of Reps Committee on Local Content Development, assured participants of the legislature’s commitment to strengthening local content laws.

    “Local content goes beyond Nigerian participation, it’s about value addition within Nigeria across the industry’s value chain,” she emphasized.

    Related News

    AfDB, BII and EBRD support solar and battery storage project in Egypt

    BDEAC secures EUR 100m trade finance facility from Afreximbank

    Can the African Energy Bank transform the continent’s refining and downstream future?

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    Crude oil prices climb above $77/b amid Israel-Iran clash

    June 16, 2025

    ‘Ghana has lost $11bn to gold smuggling, links to UAE’

    June 16, 2025

    Nigeria’s Dangote refinery to supply fuel directly

    June 16, 2025

    AfDB, BII and EBRD support solar and battery storage project in Egypt

    June 16, 2025

    NNPC Ltd, IPPG strengthen ties to boost oil output

    June 16, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.