Oil communities in Bayelsa State have warned that oil production across the state may be truncated if the Nigerian Upstream Petroleum Regulatory Commission fail to refrain from actions that could potentially reduce or create bottlenecks for the three per cent host community fund under the Petroleum Industry Act .
” They also criticized the mandate for HCDTs to hire lawyers and accountants with a minimum of 10 years’ experience, stating that it would be impossible to pay such professionals from the five per cent administrative fund, which comes from the three per cent. They argued, “In reality, no NGO organizations, including those like Accord or the Nigerian Conservation Foundation, which is one of the most successful NGOs in Nigeria, employ full-time lawyers, let alone one with 10 years experience.
Source: News Formal (newsformal.com)
Oil Communities Bayelsa State Nigerian Upstream Petroleum Regulatory Commission NUPRC Oil Production Host Community Fund Petroleum Industry Act PIA
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