• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Tuesday, July 1, 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

Pondi unveils Isoko Youth House, restates Tantita’s commitment to peace, development in Niger Delta
Oil and Gas

Pondi unveils Isoko Youth House, restates Tantita’s commitment to peace, development in Niger Delta

May 31, 2025
Udu LGA Coordinator of WIS South Security Ltd applauds efforts of Tinubu, Ogulari, Owo in securing oil facilities in Niger Delta
Oil and Gas

Udu LGA Coordinator of WIS South Security Ltd applauds efforts of Tinubu, Ogulari, Owo in securing oil facilities in Niger Delta

May 27, 2025
Oil Theft: Senator Nwoko leads Senate Cmte on high-level oversight mission to Rivers State
Oil and Gas

Oil Theft: Senator Nwoko leads Senate Cmte on high-level oversight mission to Rivers State

May 24, 2025
Senate Committee declares Nigeria’s crude oil theft crisis national emergency
Oil and Gas

Senate Committee declares Nigeria’s crude oil theft crisis national emergency

May 16, 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

Public hearing on Senator Nwoko’s sponsored Bill to upgrade Federal College of Education (Technical), Asaba to Federal University of Technology holds May 28

85 senators endorse creation of Anioma State ahead zonal public hearings

July 1, 2025
Senator Nwoko, his wife, Regina Daniels get accolades from stakeholders for commitment to development of Nigeria’s film industry

Senator Nwoko, his wife, Regina Daniels get accolades from stakeholders for commitment to development of Nigeria’s film industry

June 30, 2025
Auto Draft

Waive pays homage to Udu monarch, pledges total allegiance

June 30, 2025
Delta Speaker calls for stakeholders’ commitment to advancing Nigeria as 10th Benue Assembly holds 2nd Anniversary Thanksgiving Service

Delta Speaker calls for stakeholders’ commitment to advancing Nigeria as 10th Benue Assembly holds 2nd Anniversary Thanksgiving Service

June 30, 2025
Senator Ned Nwoko Felicitates Dein of Agbor on 48th Birthday

Senator Ned Nwoko Felicitates Dein of Agbor on 48th Birthday

June 30, 2025

TRENDING STORIES

  • Abel Ideh: Don’t Meddle In Our Internal Affairs, DELSU-ASUU Warns DTHA

    Abel Ideh: Don’t Meddle In Our Internal Affairs, DELSU-ASUU Warns DTHA

    0 shares
    Share 0 Tweet 0
  • Tinubu, Jonathan, Akpabio, Others Set for Chief Wellington Okirika Biography Launch on June 26

    0 shares
    Share 0 Tweet 0
  • Delta: Native Doctor Arrested for Concealing Firearms in Ceiling

    0 shares
    Share 0 Tweet 0
  • S’Court Dismisses Second Attempt At Appeal By Dieyi Family In Ogwashi-Uku Royal Dispute

    0 shares
    Share 0 Tweet 0
  • ‘Tehran will shake’, says Israeli Finance Minister as Iran reportedly breaks ceasefire

    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.