Wike wants PIB to allocate 10 per cent of revenue to oil-bearing communities | The Guardian Nigeria News - Nigeria and World News

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Gov. Nyesom Wike of Rivers on Thursday advocated that the Petroleum Industry Bill (PIB), currently before the National Assembly

Wike made the call when members of the National Assembly Committee on PIB visited him at the Government House, Port Harcourt.He said it was necessary that the bill specified, in clear terms, developmental projects that the allotted fund should be spent on, to actualise the goal and demands of the host communities.

“It is unfortunate that people produce oil but live in poverty. I believe that the PIB committee will make recommendations of how certain per cent must be given to the host communities.“There are issues of education and health, so don’t just say 10 per cent to the oil host communities, it must be tied to specific projects so that whoever is in charge will take note of them,” he said.

He advised that the mistakes associated with the Act establishing the Niger Delta Development Commission be avoided as it did not specify what projects the commission should embark on in the Niger Delta.He emphasised the need for the PIB bill, when passed, to be signed and not go the way of the Electoral Bill that has yet to be assented to.

 

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