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PIB: South-south Governors want 10% appropriated to oil producing companies

Last updated: March 9, 2021 9:53 am
5 years ago
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1 Min Read
PIB

Governors of Nigeria’s South-South geopolitical zone want the National Assembly to increase the provision in the Host Community Fund as contained in the Petroleum Industry Bill PIB from 2.5% to 10%.


Speaking after a meeting held ahead of the Peoples Democratic Party Zonal Congress in Port Harcourt, the Governors, while welcoming the establishment of a Host Community Trust Fund argue that the communities have a role to play especially in the area of surveillance of oil facilities and installations.

Also Read: PIB: Gov. Uzodinnma wants oil companies compelled to refine 25% of crude locally
 
The South-South Governors say they also discussed the issue of the management of the Niger Delta Development Commission NDDC.

Editor-Oloyede Oworu

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