BREAKING: Host Community to Get 3% as Senate Passes PIB

Senate President, Ahmed Lawan

By Shola Akingboye, 15th July, 2021

The Senate has passed the conference report of the National Assembly on the Petroleum Industry Bill (PIB).

The report as passed pegged contributions to the host communities development trust fund at three per cent of the operating expenditure of oil companies in the region

Details shortly…

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