Nigeria's Oil-Producing Communities Demand Bigger Slice of Pie
Oil producing communities have stated their preference to have the new bill - the Petroleum Host and Impacted Communities Bill, which forms part of the umbrella Petroleum Industry Bill - contain a 50% derivation payout to them as opposed the 13% that exists at the moment. The derivation fund is paid to communities by the government for oil extracted in their regions.
This Day, 24 July 2018
Oil producing communities in the Niger Delta region of the country have indicated their preference to have the new bill - the Petroleum Host and Impacted Communities Bill (PHICB) -… Read more »
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