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PIB: Stakeholders want 10% derivation for host communities

Vanguard News
PIB: Stakeholders want 10% derivation for host communities
On
By Tordue Salem, Abuja
Stakeholders in the oil and gas industry, Thursday demanded a raise of the oil operating expenditure from 2.5 per cent to 10 per cent for host communities in the new petroleum industry bill (PIB).
The position of the stakeholders to the National Assembly was presented by the executive director/publisher of Order Paper, Mr Oke Epia at a one-day workshop tagged “Reforming the oil and gas sector in Nigeria-strategy meeting on post-hearing engagement on the PIB” organised by FOSTER for House of Representatives press corps.
He said the “10% of OPEX for Host Community Development Trusts as against 2.5% prescribed in the PIB – This is a middle ground position taken after vigorous and exhaustive debate on the concerns of companies, government and the peculiar nature of the development challenges facing current oil-producing areas and places newly discovered f ....

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PIB: Stakeholders want 10 percent derivation for host communities

PIB: Stakeholders want 10 percent derivation for host communities
today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.

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PIB: Free-for-all at NASS over who speaks for N-Delta

PIB: Free-for-all at NASS over who speaks for N-Delta
On
…Protest exclusion from making a presentation
…Fracas over 10 per cent equity shares
…Bill may cut monthly revenue flow to Federation Account Finance Minister, RMAFC
…Lawan pushes for reduced cost of crude oil production
By Levinus Nwabuogo
Lawmakers scampered for safety, yesterday, on the second day of the public hearing on the Petroleum Industry Bill, PIB, organised by the House of Representatives, as some members of host communities in the Niger Delta exchanged blows over harmonised leadership presentation directed by the House.
Consequently, the Room 028 venue of the public hearing was thrown into pandemonium, with other guests running helter-skelter to avoid being hit in the free-for-all. ....

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Appointment of sole administrator for NDDC treacherous — Pukon, IYC scribe

Appointment of sole administrator for NDDC treacherous Pukon, IYC scribe
On
By Emma Amaize & Jimitota Onoyume
SECRETARY-GENERAL of Ijaw Youth Council, IYC, Mr. Frank Pukon, has described the appointment of Sole Administrator for Niger Delta Development Commission, NDDC, against the law establishing the interventionist agency by the Federal Government, as deceitful and treacherous.
This came as mothers in Niger Delta under the aegis of Mothers of Óil Producing Communities of Niger Delta, MOPROCOND, have called for sack of the Sole Administrator of NDDC, Mr Effiong Akwa, threatening to protest nude at all the offices of the commission in the nine member states. ....

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