NDDC

I Oil companies operating in Nigeria are expected to incorporate a host community trust for social and economic benefit from petroleum operations in the host communities. From excerpts in the new Petroleum Industry Bill (PIB) obtained by newsmen in Abuja, the aim of the trust is to foster sustainable prosperity within the host community. It will be recalled that milliants over the years had disrupted the exploration of oil in Nigeria over the inability of oil companies to develop the region. Experts are of the opinion that a good legislation would help to ensure that both the oil companies and…