Lawmaker Calls For Review Of Petroleum Industry Bill

23 July 2021 By James Itodo

Senator Seriake Dickson representing Bayelsa West has called for a review of the 3 per cent earmarked for host communities in the Petroleum
Industry Bill.(PIB).

Dickson, who made the call at a news briefing in Abuja, said the review would engender justice and avert further conflicts in the country.

He said it would be in the interest of all Nigerians for a further review on the bills with more consultative and inclusive legislative inputs, before presidential assent.

Senator Dickson told newsmen that he left the senate chamber, when the PIB was considered because he did not want to support a decision against the interest of oil producing communities in the Niger-Delta.
The lawmaker explained that
the National Assembly had passed the PIB, earmarking 3 per cent for Host Communities Development Trust Fund, while 30 per cent was earmarked for frontiers basins.

Senator Dickson, however, said late President Umaru Musa Yar’Adua, who initiated the PIB had proposed 10 per cent for the host community, as equity share from proceeds of crude oil production in the region.

He said that the 3 per cent approved may not guarantee the desired peace, required for investment in the region.


Leave a Reply

Your email address will not be published. Required fields are marked *