PIB: Sending 3 percent shares directly to host communities will cause crisis - Wike

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Rivers State Governor, Nyesom Wike has said there may be a lot of crisis if the 3% equity shares contained in the recently signed petroleum industry act

Speaking on Channels TV Sunrise daily on Tuesday, Governor Wike said there is the need for government to monitor the spending of the money that would accrue to host communities in order to avert impending crisis.

In his words “I was thinking that government should have a hand in monitoring the spending of such funds. That’s my own thinking. Not just to allow it. I do agree you don’t need to pay to government but paying to the host community and leaving them alone will cause a lot of crisis.

 

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They should send it to you abi

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Where is the crisis? Host communities have LGAs, the 3% goes to the communities thru the LGA. Make it accountable and transparent. Since LG dey collect their allocation, crisis dey? woye pls shed more light boss.

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