Latest Breaking News On - நிதி கட்டமைப்பு க்கு தி நைஜீரியன் பெட்ரோலியம் தொழில் - Page 2 : comparemela.com

In January, when representatives of oil-producing communities converged at the National Assembly for a public hearing on the controversial Petroleum Industry Bill (PIB), they turned the venue into a wrestling ring. The visitors from Niger Delta were in Abuja to clarify their interests in the bill and protest perceived injustice by the federal government and oil companies. Among their demands was a 10% equity shareholding in the oil companies operating in their communities. This was against the provision of the bill, which provides for the creation of Petroleum Host Communities Fund (PHCF) to grant the victimized people 2.5% of the oil companies’ actual operating expenditure for the preceding year.

Saudi arabiaNiger deltaNigeria generalAbuja federal capital territoryDiepreye alamieyeseighaSuraj oyewaleBayelsa statesDaniel pondeiJames iboriNational assemblyCentral bankDerivation fundPetroleum host communities fundDepartment of petroleum resourcesNigerian national petroleum corporationSaudi aramco