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PIB: 2.5 percent equity, recipe for renewed militancy, HOSTCOM warns FG On By Omeiza Ajayi Host Communities Producing Oil and Gas HOSTCOM have again kicked against the 2.5 percent equity shareholding recommended for oil impacted communities in the Petroleum Industry Bill PIB, insisting that anything short of their initial demand for 10 percent would be stoutly rejected and could be a recipe for renewed militancy in the Niger Delta. National President of HOSTCOM, High Chief (Dr) Benjamin Style Tamanarebi who disclosed this in a statement Sunday in Abuja said indications point to the fact that the federal government is not interested in the passage of the bill because of lack of sincerity.

Niger deltaNigeria generalAbuja federal capital territoryOmeiza ajayiGovernment national companyBoard of the authorityIjaw committeeNational assemblyPetroleum producing statesHost communities producing oilPetroleum equalization fundMidstream gas infrastructure fundFunding of the authorityPetroleum industry billPetroleum technology development fundKindly share this story