On December 1, 2021, Chevron Nigeria Limited (“CNL”), operator of the joint venture with the Nigerian National Petroleum Company Limited, (“NNPC”) – “NNPC/CNL JV” - marked 60 years of its operations in Nigeria. It was on December 1, 1961, that Gulf Oil Company, a subsidiary of Gulf Corporation, was registered in Nigeria and obtained its…
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 for production”.
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.
Vanguard News
NDDC: Odeli demands Akpabio’s sack
On Says Itsekiri oil producing coastal communities will take drastic action immediately
Foremost Itsekiri Community leader in Warri North Local Government Area of Delta State, Prince David Odeli,,has called on President Muhammadu Buhari,,to immediately sack Godswill Obot Akpabio as the Minister of Niger Delta Affairs,,accusing the ex – Akwa – Ibom State Governor of orchestrating ethno – political corruption in NDDC under the guise of overseeing the purported forensic audit of the commission.
who addressed select – newsmen in Warri, Delta State yesterday noted that the Minister and his cohorts, surreptitiously ensured that the Niger Delta Development Commission,,NDDC was removed from the supervision of the Presidency and placed under the Ministry of Niger Delta Affairs, to enable him run the commission like a personal estate and ward off the prying eyes of agencies saddled with the responsibility of ensuring accounta