Tuesday, July 1, 2025
  • About
  • Advertise
  • Careers
  • Contact
The Reflector Newspaper
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology
  • Login
No Result
View All Result
The Reflector Newspaper
Home Featured

PIA Amendment: House Committee Highlights Crucial Factors

Racheal Oloyede by Racheal Oloyede
April 17, 2025
in Featured, News
0
PIA Amendment: House Committee Highlights Crucial Factors
0
SHARES
11
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on TelegramSend to Email

 

The House of Representatives Committee on Petroleum Resources, Upstream, has stated it would quickly amend the Petroleum Industry Act, PIA, to increase oil companies’ contributions to Host Community Development Trusts, HCDTs, from 3% to 10%.

Related posts

S’Court To Decide Edo Governorship Election Wednesday

S’Court To Decide Edo Governorship Election Wednesday

July 1, 2025
INEC Chair Presides Over Management Meeting Amid Dismissal Rumours

INEC To Release Fresh Guidelines For Reviewing Election Results

July 1, 2025

The Deputy Chairman of the House Committee on Petroleum Resources (Upstream), Hon. Sesi Oluwaseun Whingan, disclosed this in Port Harcourt during a stakeholder dialogue session.

Whingan stated that the current 3% contribution is insufficient to address the decades of environmental degradation, poverty, and underdevelopment faced by oil-host communities in the Niger Delta.

He explained: “In its current form, the 3% contribution by settlors is grossly inadequate to address decades of environmental degradation, poverty, and underdevelopment suffered by host communities. That is why I am leading efforts to amend Section 240 of the PIA. The bill has passed its first reading and is scheduled for second reading upon the House’s resumption.”

“Increased Funding. The amendment seeks to boost HCDT funds to 10% to address environmental degradation, poverty, and underdevelopment in host communities.

“Legislative Initiative. The proposed amendment is part of a broader effort to ensure justice and equitable resource distribution to communities affected by oil exploration.”

Whingan identified core challenges, including environmental degradation, poor infrastructure, high unemployment, and lack of transparency in the host communities, adding that the 3% provision is insufficient.

He harped on the need for collective effort and inclusive policymaking to build a productive and people-centred petroleum industry. He assured participants that his office remains open for continued dialogue and cooperation.

“Our duty as lawmakers is to ensure that the wealth from our natural resources translates into tangible prosperity for the host communities. They deserve more than token gestures. They deserve meaningful investment in their future.

“To fix this, we must strengthen HCDT governance, enhance environmental remediation, boost development funding, and empower host communities to drive the process, “ Whingan said.

 

FG blames upstream companies for Petroleum Industry’s poor performance
However, Ms Florence Ibok-Abasi, country director of Stakeholder Democracy Network (sdn), highlighted in her address the importance of active government engagement in unlocking the full potential of HCDTs.

Ibok-Abasi stressed that government involvement must not involve undue interference, preserving these trusts’ independence and community-driven essence.

She said: “We must acknowledge that unlocking the full potential of the HCDT framework requires the active involvement of government at all levels. The government’s role is not merely supportive, it is essential. But this involvement must not come with undue interference. The independence and community-driven essence of these Trusts must be preserved.”

 

The Reflector Newspaper's newsletters cover a variety of topics, from daily news to lifestyle content, markets info to medical news. Subscribe to get the latest information.

Unsubscribe
Previous Post

Chidinma Breaks Silence, Tells Court How She Found Super TV CEO, Usifo Ataga Dead

Next Post

National Assembly Most Underfunded Arm – Abbas

Next Post
National Assembly Most Underfunded Arm –  Abbas

National Assembly Most Underfunded Arm - Abbas

RECOMMENDED NEWS

Akeredolu Debunks Allegations Of Signature Forgery By Commissioners

Akeredolu Debunks Allegations Of Signature Forgery By Commissioners

2 years ago
JAMB Launches Misplaced SIM Feature Ahead Of UTME/DE Registration

JAMB Launches Misplaced SIM Feature Ahead Of UTME/DE Registration

5 months ago
Ooni Denies Visiting Ex-CBN Governor, Emefiele In Prison

Ooni Denies Visiting Ex-CBN Governor, Emefiele In Prison

2 years ago
Ebonyi State Governor Suspends 3 Commissioners Over Absenteeism

Ebonyi State Governor Suspends 3 Commissioners Over Absenteeism

4 months ago

FOLLOW US

BROWSE BY CATEGORIES

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

BROWSE BY TOPICS

#EndBadGovernance protest 2027 Elections Akpabio Alaafin Of Oyo Alaafin Of Oyo Coronation APC Atiku Bola Tinubu Dangote Refinery Defection Economic and Financial Crimes Commission (EFCC) Economic Hardship EFCC Emergency Rule Federal Government of Nigeria Fubara Fuel Price Fuel Price Hike Gunmen INEC JAMB Natasha National Power Grid Nigeria Labour Congress (NLC) Nigerian National Petroleum Company Limited (NNPCL) Nigeria Police Force Nnamdi Kanu NNPC NNPCL Oil Marketers PDP Peter Obi Petrol Price President Ahmed Bola Tinubu Rivers Administrator Rivers Assembly Rivers Crisis Senate Sexual Harassment Tax Reform Bills Tinubu UTME VeryDarkMan WAEC Wike

POPULAR NEWS

  • Congo’s President Daughter’s Bedroom Surfaces Online

    Congo’s President Daughter’s Bedroom Surfaces Online

    0 shares
    Share 0 Tweet 0
  • Economy Bleeds As Naira Hits Record Low With N72.58 Depreiciation Against Dollar

    0 shares
    Share 0 Tweet 0
  • Old Naira Notes Remain Valid – CBN

    0 shares
    Share 0 Tweet 0
  • Gospel Actress, Flora Of Abattoir Movie Series Is Dead

    0 shares
    Share 0 Tweet 0
  • JUST IN: FCT Minister Wike Leads Eid-El-Fitr Homage To President Tinubu Amid Death Rumors

    0 shares
    Share 0 Tweet 0
The Reflector Newspaper

Our mission at The Reflector Newspaper is to cultivate a dynamic digital space where truth, integrity, and diversity thrive.

Follow us on social media:

Recent News

  • S’Court To Decide Edo Governorship Election Wednesday
  • INEC To Release Fresh Guidelines For Reviewing Election Results
  • Ganduje: No one is indispensable to Tinubu, Dele Momodu Warns Akpabio
  • Oil Production: FG Declares End To Dormant Fields

Category

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

Recent News

S’Court To Decide Edo Governorship Election Wednesday

S’Court To Decide Edo Governorship Election Wednesday

July 1, 2025
INEC Chair Presides Over Management Meeting Amid Dismissal Rumours

INEC To Release Fresh Guidelines For Reviewing Election Results

July 1, 2025
  • About
  • Advertise
  • Careers
  • Contact

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Verified by MonsterInsights