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

The Trust, named ‘KEFFESO Host Communities Development Trust’ , is a not-for-profit and non-political organization which will be governed by a constitution. In support of its activities, the NNPC/FIRST E&P JV will contribute 3% of its actual operating expenditure in the upstream petroleum operations each preceding calendar year to a fund established by the Trust.

“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.

Source: News Formal (newsformal.com)

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NNPC JV Inaugurates Devt Trust For Host CommunitiesThe NNPC/FIRST E&P OML83 & 85 Joint Venture, has inaugurated a Development Trust for its host communities in compliance with the Petroleum Industry
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Troops rescue 13 Zamfara varsity students in four daysThe Joint Task Force (JTF) of Operation Hadarin Daji in Zamfara State, has again rescued seven more female students of the Federal University of Gusau (FUGUS).
Source: vanguardngrnews - 🏆 5. / 75 Read more »

Seven Abducted Students, Three Construction Workers Rescued In ZamfaraThe abductees were rescued following the “prompt response” of troops of the Joint Task Force of Operation Hadarin Daji.
Source: channelstv - 🏆 7. / 63 Read more »

JUST-IN: Troops Rescue Another 7 Zamfara Female Varsity StudentsSeven more female students of the Federal University of Gusau (FUGUS) have been rescued by the Joint Task Force (JTF) of Operation Hadarin Daji in Zamfara
Source: LeadershipNGA - 🏆 4. / 77 Read more »

FULL LIST: 13 Zamfara varsity students freed as troops rescue sevenThe Joint Task Force of Operation Hadarin Daji has rescued another seven female students of the Federal University Gusau in Zamfara State.
Source: MobilePunch - 🏆 8. / 63 Read more »