NNPC/FIRST E&P OML83 & 85 JV inaugurates development trust for host communities

The NNPC/FIRST E&P OML83 & 85 Joint Venture has inaugurated a development trust for its host communities in compliance with the Petroleum Industry Act 2021 mandate. The inauguration ceremony was held on Friday, 22 September, 2023, at the Golden Tulip Hotel inThe trust, named ‘KEFFESO Host Communities Development Trust’ , is a not-for-profit and non-political organisation which will be governed by a constitution.

“Among other responsibilities, the KHCDT will implement the KEFFESO host communities’ development plan while efficiently and competently managing its assets and funds. Key areas in which the trustees will serve range from undertaking infrastructural development, facilitating economic empowerment opportunities to advancing and propagating educational development and supporting healthcare development for the KEFFESO host communities”, Etomi said.

Komolafe charged the trustees to manage the affairs of the Trust in a way that would address the developmental needs of impacted host communities in the oil-producing areas and sustain the peace and harmony between the company and host communities.

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