- President Buhari turned down oil spill detection agency Bill
- The National Assembly passed the Bill and transmitted it to the president for assent in 2018
- The president, however, declined assent to it, saying that the undermines the powers of the minister of petroleum resources and the functions of the ministry
President Muhammadu Buhari has reportedly declined assent to the National Oil Spill Detection and Response Agency (NOSDRA) Act (Amendment) Bill.
According to The Nation, the National Assembly passed the Bill and transmitted it to the president for assent in 2018.
Legit.ng gathers that Senate President Bukola Saraki read the refusal of assent letter on the floor of the Senate on Wednesday, March 14.
Explaining why he turned down the bill, President Buhari said that his decision to refuse assent to the bill was pursuant to Section 58 (4) of the 1999 Constitution of the Federal Republic of Nigeria (as amended).
He noted that the bill undermined the powers of the minister of petroleum resources and the functions of the ministry.
“I am declining assent to the bill because in a number of important sections, the bill undermines the powers of the minister of petroleum resources and the functions and responsibilities of the Ministry of Petroleum Resources,” the president said.
The president also reportedly frowned at the imposition of 0.5% of operation funds on oil companies, which, he said, will create additional tax burden on oil firms operating in the country.
He listed the contentious areas in the bill to include Section 3, 6 (1a), 7 (a) and (b), 8, 9 and 11.
“Section 8 of the bill imposes a new charge and the industry of 0.5 percent of Operation Funds of oil companies for the enforcement of the environmental legislations in the petroleum sector.
“This imposition is an additional burden on the industry, particularly given that it is unclear what operation funds mean for the purpose of applying the provisions of the bill,” he said.
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Meanwhile, Legit.ng previously reported that President Muhammadu Buhari said the federal government is doing its best to correct and reverse the terrible mismanagement the country had experienced, “and with some luck, our best will be good enough.”
The president stated this when he received a delegation of non-career Ambassadors, who came to State House, Abuja, to congratulate him on his re-election.
He said Nigeria was trying to live within her means, “so we can improve our lot,” adding that government was determined to upgrade the country’s profile, both locally and internationally.
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