• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Saturday, July 26, 2025
No Result
View All Result
NewsNet Nigeria
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos
NewsNet Nigeria
No Result
View All Result
Home Oil and Gas

PIA: Mulade advocates for adherence to management of 3% fund by Host Community Trust Fund

by NewsNet Nigeria
4 years ago
in Oil and Gas
PIA: Mulade advocates for adherence to management of 3% fund by Host Community Trust Fund
Share on FacebookShare on TwitterShare on LinkedinShare on Whatsapp

The National Coordinator of Center for Peace and Environmental Justice, CEPEJ, Comrade Sheriff Mulade has called on the Federal Government of Nigeria to establish and inaugurate the Host Community Trust Fund, HCTF, for the management of the 3% Petroleum Industry Fund for host communities.

Mulade, who made the call in Warri on Monday, while chatting with newsmen on the 30th-anniversary celebration of the creation of Delta State, opined that the body when inaugurated as enshrined in the  Petroleum Industry Act (PIA), would ensure effective management of the 3% towards addressing environmental and infrastructural issues affecting oil and gas producing host communities in the country.

The environmental activist condemned the idea that the Minister of Niger Delta Affairs or the Governors of oil and gas producing States should control and manage the 3% allocation provided for in the PIA.

He noted that if the Minister or State Governors control the 3% fund, it might be mismanaged the same way the 13% derivation fund allocated to oil and gas producing states for the development of oil and gas host communities is being misappropriated.

He stressed that the 3% PIA fund should be managed by the Host Community Trust Fund, HCTF, as stipulated by Section 2 of the PIA.

While appreciating President Muhammadu Buhari, the National Assembly and all those who worked tirelessly to ensure the passage of the PIB, Comrade Mulade charged the PIA Implementation Committee headed by the Minister of State for Petroleum, Chief Timipre Sylva, to expedite action on the development and positive growth of oil and gas host communities, which are the backbone and live wire of the Nigerian economy.

Previous Post

Ex-commissioner in Nasarawa dragged to court for wife snatching

Next Post

13-year-old Kachukwu Sunday from Ebonyi state found by police in Delta

MORE NEWS

Gbaramatu Prime Minister, Okirika, Commends Senator Ned Nwoko Over 13% Derivation Advocacy
Oil and Gas

Gbaramatu Prime Minister, Okirika, Commends Senator Ned Nwoko Over 13% Derivation Advocacy

July 25, 2025
Oborevwori Applauds Seplat Energy’s CSR Initiatives, Assures Of Conducive Environment For Investors
Oil and Gas

Oborevwori Applauds Seplat Energy’s CSR Initiatives, Assures Of Conducive Environment For Investors

July 23, 2025
Niger Delta Youth Leader Urges Tinubu, NNPCL to Renew Tantita Pipeline Surveillance Contract
Oil and Gas

Niger Delta Youth Leader Urges Tinubu, NNPCL to Renew Tantita Pipeline Surveillance Contract

July 20, 2025
UPU Withdraws Opposition to Tantita’s Operations in Urhobo Land
Oil and Gas

Oil Pipeline Surveillance: Tantita Changing the Narratives

July 18, 2025
Next Post
13-year-old Kachukwu Sunday from Ebonyi state found by police in Delta

13-year-old Kachukwu Sunday from Ebonyi state found by police in Delta

Leave Comment

RECENT STORIES

Fresh Tragedy Hits AAUA as Another Student is Murdered by Boyfriend, Sparks Protest

Fresh Tragedy Hits AAUA as Another Student is Murdered by Boyfriend, Sparks Protest

July 26, 2025
Agbateyiniro Redefines Local Governance with Road, Bridge, Education, Health Projects in Warri South

Agbateyiniro Redefines Local Governance with Road, Bridge, Education, Health Projects in Warri South

July 26, 2025
Oyibode Showcases Achievements in Udu as NUJ Launches One-Year Stewardship Assessment of Delta Council Chairmen

Oyibode Showcases Achievements in Udu as NUJ Launches One-Year Stewardship Assessment of Delta Council Chairmen

July 26, 2025
Okowa’s Top Aide, Hilary Ibegbulem, Mourns Father’s Passing

Okowa’s Top Aide, Hilary Ibegbulem, Mourns Father’s Passing

July 26, 2025
Sports University of Nigeria, Idumuje-Ugboko: “A National Vision Made Manifest,” Says Senator Ned Nwoko as 2025/2026 Admissions Begin

Sports University of Nigeria, Idumuje-Ugboko: “A National Vision Made Manifest,” Says Senator Ned Nwoko as 2025/2026 Admissions Begin

July 26, 2025

TRENDING STORIES

  • Solidarity Walk for Tinubu, Omo-Agege a Huge Success – Erhire Counters Oharisi’s Boycott Claims

    Solidarity Walk for Tinubu, Omo-Agege a Huge Success – Erhire Counters Oharisi’s Boycott Claims

    0 shares
    Share 0 Tweet 0
  • Ogboru Defects to ADC in Surprise Political Move, Sparks Realignment Talks in Delta

    0 shares
    Share 0 Tweet 0
  • Omo-Agege Rejected in Ughelli North as One Million-Man March Flops — Oharisi

    0 shares
    Share 0 Tweet 0
  • Dafinone: Creation of Ethiope State Will Correct Historical Injustice, Empower Urhobo Nation

    0 shares
    Share 0 Tweet 0
  • Warri Urhobo APC Members Hold Unity Meeting, Adopt 8-Man Leadership Council

    0 shares
    Share 0 Tweet 0
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.

No Result
View All Result
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.