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An Army at the Crossroads

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PIB: Niger Delta monarch demands 25% equity shareholding for host communities

TODAY
March 17, 2021
Former National Chairman, Traditional Rulers of Oil Minerals Producing Communities of Nigeria, TROMPCON, HM Charles Ayemi-Botu, has advocated appropriation of not less than 25 per cent equity shareholding in the Petroleum Industry Bill, PIB, for host communities in Niger–Delta to alleviate their troubles.
HM Ayemi-Botu, paramount ruler of Seimbiri Kingdom in Burutu local government area, Delta state, in a statement made available to Vanguard, said the 25 per cent should consequently be increased to 50 per cent over a period of five years to guarantee lasting peace in the oil region.
His words: “The ongoing PIB debate in the National Assembly, NASS, is arguably a litmus test to lawmaking body, hence, it is aptly necessary to caution the lawmakers not to politicize or whip up ethno-religious sentiments due to the overall importance of oil and gas which is the economic live-wire of Nigeria’s existence for the past 63 years from 1958 to dat ....

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PIB: N'Delta monarch demands 25% equity shareholding for host communities

Vanguard News
PIB: N’Delta monarch demands 25% equity shareholding for host communities
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FORMER National Chairman, Traditional Rulers of Oil Minerals Producing Communities of Nigeria, TROMPCON, HM Charles Ayemi-Botu, has advocated appropriation of not less than 25 per cent equity shareholding in the Petroleum Industry Bill, PIB, for host communities in Niger –Delta to alleviate their troubles.
HM Ayemi-Botu, paramount ruler of Seimbiri Kingdom in Burutu local government area, Delta state, in a statement made available to Vanguard, said the 25 per cent should consequently be increased to 50 per cent over a period of five years to guarantee lasting peace in the oil region. ....

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