HOSTCOM leaders, Reps move to amend PIA, seek increase of oil community fund to 6%

AI Summary

Niger Delta oil community leaders and Nigerian House representatives are pushing to amend the Petroleum Industry Act to increase the fund allocation from 3% to 6% for host communities. This move aims to enhance support for oil-producing areas affected by the industry.

Leaders of oil-producing host communities in the Niger Delta and members of the House of Representatives have resolved to push for an amendment to the Petroleum Industry Act (PIA) 2021 to increase the statutory allocation to host communities from three percent to six percent. The post HOSTCOM leaders, Reps move to amend PIA, seek increase of oil community fund to 6% appeared first on Vanguard News.