The Niger Delta Youth Council (NDYC) has faulted the National Assembly over the allocation of three per cent oil and gas companies operating cost to oil producing communities in the Petroleum Industry Bill (PIB).
In a statement issued in Abuja, NDYC’s National Coordinator, Jator Abido, enjoined Niger Delta stakeholders to insist on the 10 per cent allocation of operating cost of oil firms to host communities before President Muhammadu Buhari signs the bill into law.
It argued that the three per cent as proposed in the bill was unfair since host communities had always been on the receiving end of the environment degradation and deadly diseases caused by oil exploration activities.