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Akpabio, ex-DIG Ekpoudom battle over APC Senatorial ticket - Nigerian News Latest Nigeria News Your online Nigerian Newspaper
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Akwa Ibom Northwest: Godswill Akpabio, Udom Ekpoudom bicker over APC senatorial ticket
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To Uphold Integrity, INEC Report says no Guber Primary in Akwa Ibom
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Adibe Emenyonu in Benin City, Okon Bassey in Uyo, Sylvester Idowu in Warri, Emmanuel Ugwu-Ogo in Umuahia, and James Sowole in Akure
Groups from oil-bearing communities in Abia, Delta, Edo and Ondo states have demanded an upward review of the three per cent host communities’ fund approved in the Petroleum Industry Bill (PIB), which was passed last Thursday by the National Assembly.
Clause 240 of the draft bill had proposed five per cent of the annual profit of the oil companies for host communities.
But shortly before passage, senators reduced the trust fund for host communities to three per cent.
But in an interview with THISDAY at the weekend, the President-General of Urhobo Progress Union (UPU), Worldwide, Chief Moses Taiga, called for an objective, realistic and patriotic review of the fund to 10 per cent.