The Petroleum Industry Act 2021 was passed to remedy the failure of the Petroleum Act, it commercialized the NNPC and established new regulatory agencies. It also aimed to solve the age-old problem of oil-bearing communities being devastated by the activities of oil companies through the establishment of the Host Communities Development Trust (HCDT). The host community development provisions in the Petroleum Industry Act 2021 (PIA) is a well-known topic amongst stakeholders in the Nigerian oil and gas industry. The reason for this is not far fetched as before the PIA, there were no laws imposing host community development obligations on oil and gas companies but chapter 3 of the PIA in S.235 mandates the incorporation of the HCDT which will be a corporate body able to sue and be sued aimed at fostering sustainable prosperity in host communities and encouraging peaceful coexistence between licensees and host communities. It goes on to mandate the contribution of three percent of the total annual expenditure of the ‘settlor’ to the trust. The HCDT is to be established, specifically, to address the developmental needs of the oil-bearing and impacted communities in the region, and while it is commendable, it creates certain challenges. Below are some of the gains and perceived challenges that can arise from the act.
Policy-Brief-printRelated
Comments (26)
Leave a Reply Cancel reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Free porn full length download or watch 2022 avn awards red carpet part 2.
Hardcore HD Videos tube. Hot XXX Sex Movies. Read more.
Recommended. 59:45. Bts Tana Lea Oiled Ink. 33:27.
Bts Mandy Muse Juicy Asses. xxx video 38 Onlyfans Dadbodintransition Post vacation weigh in Better than I expected worse than I hoped for.
You made some clear points there. I did a search on the topic and found most people will agree with your blog.
Howdy very cool website!! Guy .. Beautiful .. Amazing .. I’ll bookmark your website and take the feeds additionally…I’m satisfied to find numerous helpful info right here within the submit, we’d like develop more techniques on this regard, thanks for sharing. . . . . .
What i do not realize is in truth how you are now not actually a lot more neatly-liked than you may be right now. You are so intelligent. You know therefore significantly in the case of this topic, produced me individually believe it from a lot of various angles. Its like men and women don’t seem to be fascinated until it¦s something to accomplish with Girl gaga! Your individual stuffs excellent. All the time care for it up!
Just what I was searching for, regards for posting.
Some truly choice articles on this internet site, saved to bookmarks.
I’ve been browsing online more than 3 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my view, if all web owners and bloggers made good content as you did, the internet will be much more useful than ever before.
Wonderful beat ! I would like to apprentice whilst you amend your site, how could i subscribe for a blog web site? The account helped me a acceptable deal. I were tiny bit familiar of this your broadcast provided brilliant clear idea
I admire your piece of work, thankyou for all the informative posts.
Simply wanna input on few general things, The website layout is perfect, the content material is really great : D.
I have been absent for some time, but now I remember why I used to love this web site. Thanks, I will try and check back more frequently. How frequently you update your website?
Way cool, some valid points! I appreciate you making this article available, the rest of the site is also high quality. Have a fun.
You actually make it appear really easy along with your presentation but I to find this topic to be really something that I feel I might never understand. It seems too complicated and extremely vast for me. I’m looking forward to your next submit, I¦ll attempt to get the hold of it!
I am also commenting to make you know of the helpful experience my cousin’s girl went through visiting your blog. She even learned several issues, which included how it is like to have a marvelous coaching nature to make many more without problems grasp some advanced things. You truly surpassed readers’ expectations. I appreciate you for distributing such precious, healthy, revealing and even fun tips on that topic to Julie.
Thanks for your marvelous posting! I really enjoyed reading it, you may be a great author.I will make certain to bookmark your blog and definitely will come back in the foreseeable future. I want to encourage you continue your great posts, have a nice day!
Excellent beat ! I would like to apprentice while you amend your site, how can i subscribe for a blog web site? The account aided me a acceptable deal. I had been a little bit acquainted of this your broadcast offered bright clear concept
Thanks , I have just been searching for info about this topic for ages and yours is the best I have discovered till now. But, what about the bottom line? Are you sure about the source?
Hello. fantastic job. I did not imagine this. This is a remarkable story. Thanks!
I know this if off topic but I’m looking into starting my own blog and was curious what all is required to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet smart so I’m not 100 sure. Any tips or advice would be greatly appreciated. Many thanks
What i don’t realize is in reality how you are not actually much more neatly-liked than you might be now. You are very intelligent. You realize thus considerably relating to this subject, produced me individually imagine it from a lot of numerous angles. Its like women and men aren’t fascinated unless it’s something to do with Lady gaga! Your individual stuffs great. All the time handle it up!
I cling on to listening to the news broadcast speak about getting boundless online grant applications so I have been looking around for the most excellent site to get one. Could you advise me please, where could i find some?
I haven’t checked in here for some time as I thought it was getting boring, but the last several posts are great quality so I guess I’ll add you back to my daily bloglist. You deserve it my friend 🙂
Its like you learn my thoughts! You seem to understand a lot about this, like you wrote the e-book in it or something. I feel that you just can do with some percent to power the message home a bit, but other than that, that is magnificent blog. A fantastic read. I’ll certainly be back.
Hello, i feel that i saw you visited my blog so i came to “return the favor”.I am trying to to find things to enhance my web site!I guess its good enough to use some of your ideas!!
In May 1987, the US frigate Stark was blown apart by an Iraqi jet fighter
in the Persian Gulf, jumpstarting a major conflict with Iran that came
to be known as the Tanker War. In America’s First Clash with Iran, author Lee Allen Zatarain employs Pentagon documents and firsthand interviews
to reveal the full story of a conflict that may have.
Hey very nice blog!! Guy .. Excellent .. Amazing .. I’ll bookmark your blog and take the feeds additionallyKI’m glad to search out so many helpful info right here within the post, we’d like work out more techniques on this regard, thank you for sharing. . . . . .