PIB: CSOs Fault 2.5% Proposed Fund for Host Communities : vi

PIB: CSOs Fault 2.5% Proposed Fund for Host Communities


By Chineme Okafor
Civil Society Organisations (CSOs) working within the advocacy space of Nigeria’s extractive sectors have argued that the proposed 2.5 per cent off the operational expenditure of oil companies operating in the Niger Delta for host communities in the Petroleum Industry Bill (PIB) was too low.
The CSOs thus asked the National Assembly to consider raising the amount to 10 per cent of the operational expenditures of the oil companies. They explained that this could represent a middle ground in the ongoing debates for host communities’ trust fund in the PIB.
The PIB, a piece of legislation expected to rewrite the laws and reposition operations in Nigeria’s oil and gas industry has being in the works for many years, but the National Assembly has resumed legislation on it, with concerns on how to adequately accommodate communities hosting oil operations top on the agenda.

Related Keywords

Niger Delta , Nigeria General , Nigeria , Chineme Okafor , Host Community Development , National Assembly , United Facility For Oil Sector Transformation , Civil Society Organisations Csos , Petroleum Industry Bill , Society Organisations , Order Paper , United Kingdom Backed Facility , Oil Sector Transformation , Host Community Development Trusts , நைஜர் டெல்டா , நைஜீரியா ஜநரல் , நைஜீரியா , தொகுப்பாளர் சமூக வளர்ச்சி , தேசிய சட்டசபை , ஒன்றுபட்டது வசதி க்கு எண்ணெய் துறை மாற்றம் , பெட்ரோலியம் தொழில் ர சி து , சமூகம் ஆர்கநைஸேஶந்ஸ் , ஆர்டர் காகிதம் , எண்ணெய் துறை மாற்றம் , தொகுப்பாளர் சமூக வளர்ச்சி அறக்கட்டளைகள் ,

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