Minister of Niger Delta Affairs, Godswill Akpabio, has said a trust fund would be set up to take care of the 3% allocated for the host communities to avert any crisis that may arise in the implementation of the just-assented Petroleum Industry Act .
“I think the major problem is not about the disbursement but how it will impact the communities,” Akpabio said. “We are excited about the Petroleum Industry Act, our job is to help facilitate the effective participation of the host communities. The trustees of the fund will come from the actual community.“PIA when implemented is going to assuage the feelings of the host communities because they never had any real benefit in over 50years. The major thing now is to use it well for their own benefit.”“The problem of the host community fund is not the percentage neither is it the problem money.
“The law would have provided for this but at the same time, human being must also assist in the law in such a way that there is no acrimony. This PIB has been a game on the drawing board.“The Petroleum Industry Act PIA when implemented is going to assuage the feelings of the people of the host communities because they never had half a percent when oil when discovered in 1956 in Olobri. That is why I said that it is not the percentage that is the issue.
Infact they can even open world saving and management funds for them. I know a revolution is coming one day.
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