Newscoven
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    Oyo State governor, 'Seyi Makinde, has declared that no one will be allowed to hold down the Peoples Democratic Party (PDP) for any other party to be in power.

    Nobody Can Hold PDP Down For Another Party -Makinde

    Peter Obi Lauds Makinde For Oyo Uplift •My Team Will Continue After Me -Makinde

    Peter Obi Lauds Makinde For Oyo Uplift •My Team Will Continue After Me -Makinde

    Oyo State @ 50: Makinde Pledges Commitment To Securing Better Future, Inclusive Development

    Oyo State @ 50: Makinde Pledges To Secure Better Future

    2027: Why Tinubu Deserves Second Term -Okiro

    Why Tinubu Deserves Second Term -Okiro

    Nigeria's Warped Federal System, Cause Of Our Problems -Dr Odebowale

    Nigeria’s Warped Federal System Of Government, Cause Of Our Problems -Dr Odebowale

    Govt Rolls Out Activities To Celebrate Oyo State @ 50

    Govt Rolls Out Activities To Celebrate Oyo State @ 50

    Rumbles In Osun Over Teachers' Recruitment Exercise •HoS Alleged Of Discouraging Adeleke

    Rumbles In Osun Over Teachers’ Recruitment Exercise •HoS Alleged Of Discouraging Adeleke

  • Entertainment
    Fela Lives: Tinubu On Grammy Lifetime Achievement Award

    Fela Lives: Tinubu On Grammy Lifetime Achievement Award

    Ilaji Assumes Ownership Of Interlink •Takes Over Atlético Berja

    Ilaji Assumes Ownership Of Interlink •Takes Over Atlético Berja

    Oyo Govt Gives Illegal Occupants Of Obafemi Awolowo Stadium 14-Day Quit Notice

    Oyo Govt Gives Illegal Occupants Of Obafemi Awolowo Stadium 14-Day Quit Notice

    Jeffrey Daniel, Legendary Pop Music Icon, Urges Africans In Diaspora To Return Home

    Jeffrey Daniel, Legendary Pop Music Icon, Urges Africans In Diaspora To Return Home

    9th AFRIMA: Policy Shift, Technology, Collaboration Identified At AMBS As Key To Deepening Music Growth

    9th AFRIMA: Policy Shift, Technology, Collaboration Identified At AMBS As Key To Deepening Music Growth

    Ayefele Drops New Album, "Reflections"

    Yinka Ayefele Drops New Album, “Reflections”

    Veteran Nollywood Actor, Lere Paimo, Soun Bicker Over Film On Ogbomoso

    Veteran Nollywood Actor, Lere Paimo, Soun Bicker Over Film On Ogbomoso

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
Sunday, February 8, 2026
No Result
View All Result
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    Oyo State governor, 'Seyi Makinde, has declared that no one will be allowed to hold down the Peoples Democratic Party (PDP) for any other party to be in power.

    Nobody Can Hold PDP Down For Another Party -Makinde

    Peter Obi Lauds Makinde For Oyo Uplift •My Team Will Continue After Me -Makinde

    Peter Obi Lauds Makinde For Oyo Uplift •My Team Will Continue After Me -Makinde

    Oyo State @ 50: Makinde Pledges Commitment To Securing Better Future, Inclusive Development

    Oyo State @ 50: Makinde Pledges To Secure Better Future

    2027: Why Tinubu Deserves Second Term -Okiro

    Why Tinubu Deserves Second Term -Okiro

    Nigeria's Warped Federal System, Cause Of Our Problems -Dr Odebowale

    Nigeria’s Warped Federal System Of Government, Cause Of Our Problems -Dr Odebowale

    Govt Rolls Out Activities To Celebrate Oyo State @ 50

    Govt Rolls Out Activities To Celebrate Oyo State @ 50

    Rumbles In Osun Over Teachers' Recruitment Exercise •HoS Alleged Of Discouraging Adeleke

    Rumbles In Osun Over Teachers’ Recruitment Exercise •HoS Alleged Of Discouraging Adeleke

  • Entertainment
    Fela Lives: Tinubu On Grammy Lifetime Achievement Award

    Fela Lives: Tinubu On Grammy Lifetime Achievement Award

    Ilaji Assumes Ownership Of Interlink •Takes Over Atlético Berja

    Ilaji Assumes Ownership Of Interlink •Takes Over Atlético Berja

    Oyo Govt Gives Illegal Occupants Of Obafemi Awolowo Stadium 14-Day Quit Notice

    Oyo Govt Gives Illegal Occupants Of Obafemi Awolowo Stadium 14-Day Quit Notice

    Jeffrey Daniel, Legendary Pop Music Icon, Urges Africans In Diaspora To Return Home

    Jeffrey Daniel, Legendary Pop Music Icon, Urges Africans In Diaspora To Return Home

    9th AFRIMA: Policy Shift, Technology, Collaboration Identified At AMBS As Key To Deepening Music Growth

    9th AFRIMA: Policy Shift, Technology, Collaboration Identified At AMBS As Key To Deepening Music Growth

    Ayefele Drops New Album, "Reflections"

    Yinka Ayefele Drops New Album, “Reflections”

    Veteran Nollywood Actor, Lere Paimo, Soun Bicker Over Film On Ogbomoso

    Veteran Nollywood Actor, Lere Paimo, Soun Bicker Over Film On Ogbomoso

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
No Result
View All Result
Newscoven
No Result
View All Result
Home News

PIB: Host Communities Advocate For State-Owned Oil Agency

Udeme Utip-Uyo by Udeme Utip-Uyo
March 4, 2021
in News
Reading Time: 3 mins read
20 1
A A
0
33
SHARES
414
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

PIB: Host Communities Advocate For State-Owned Oil Agency

Host communities of International Oil Companies (IOCs) in Akwa Ibom State are advocating a clause in the Petroleum Industry Bill (PIB) to enable them manage the 13 per cent oil derivation fund through state-owned Oil Mineral Development Commission in the state.

Speaking during the public hearing of the National Assembly Joint Committee on Petroleum Industry Bill (PIB), Chairman of Traditional Rulers of Oil Mineral Producing Communities (TROMPCOM), His Royal Majesty Owong Effiong Achianga, said the 13 per cent oil revenue given to the state in the monthly allocation is managed by governors in the Niger Delta Region without recognition to oil producing communities.

The traditional ruler, who is also the paramount ruler of Ibeno Local Government Area, said: “But the 13 per cent derivation fund is meant for oil-bearing communities and not the state. But unfortunately these oil communities have most times been marginalised, even on money that is meant to be spent on them.”

RelatedPosts

Nobody Can Hold PDP Down For Another Party -Makinde

Peter Obi Lauds Makinde For Oyo Uplift •My Team Will Continue After Me -Makinde

Oyo State @ 50: Makinde Pledges To Secure Better Future

He said stakeholders in the state have expressed reservations in some provisions of the PIB, passed eight years ago but yet to be accented to by President Muhammadu Buhari and which is currently passing through amendment by stakeholders in the Niger Delta.

Achianga observed that oil producing communities are yet to benefit from the 13 per cent oil derivation to states as governors in the region have arrogated the fund to themselves.

The traditional ruler also expressed reservations over the failure of several states in the Niger Delta, including Akwa Ibom, to establish the oil minerals producing development commission for oil-bearing and impacted communities and called for Federal Government’s intervention.

He said only Akwa Ibom State government has refused to established oil development commission where members of the host communities of oil companies would be members and utilise oil funds to assuage them for impacts of oil exploration activities in their domain.

Other areas for amendment in the bill, as recommended by stakeholders, including host communities of Ibeno, Eastern Obolo and Oron, are technical return of offshore/onshore oil dichotomy; increase in the stake of host communities in NNPC subsidiaries and in the appointment of members into the Host Community Trust Fund Board of Trustees and Management Committees.

Other concerns raised by stakeholders include payment by host communities for damages to oil facilities during crisis, relocation of oil companies’ head offices to their base of operations and non-recognition of Oron communities as oil bearing communities.

Chairman of the National Assembly Joint Committee on PIB, Senator Sabo Naduku, in his opening remark, regretted that the Bill was yet to be implemented, several years after it was passed but expressed the commitment of the National Assembly towards its realisation.

Naduku also reminded stakeholders on the dwindling reliance on petroleum as a source of energy, even as Nigeria has continued to lose her monopoly on production of oil in the West African region.

Akwa Ibom State Commissioner for Power and Petroleum Development, Dr John Etim, regretted that the Bill has not been able to be signed into law due to political considerations and, instead of being useful, has left the industry in a sorry state.

“But the state is keen on making contributions to the success and passage of the Bill. During the public hearing at the National Assembly recently the state presented a memorandum that concentrated on three basic areas of environmental management, host community development and ownership of the various incorporated institutions that the Bill proposes to establish.

“It is also sad to observe that state governments are excluded from the process of appointing members into the various committees and institutions the Bill intends to establish,” Etim explained.

Meanwhile, Akwa State government has defended its position in the management of oil revenues accrued to the state by the Federal Government.

Speaking with newsmen after the PIB public hearing, Governor Udom Emmanuel said oil revenue is used to develop all parts of the state to avoid unnecessary acrimony.

The governor, who was represented by his Chief Of Staff, Akparawa Ephraim Inyangeyen, appealed to the host communities to take what is available for now to form a template for future negotiation .

“Government has to use oil revenue to develop all parts of the state as manifested in massive roads built in all parts of the state, free and compulsory education industrialisation and other facilities provided by government for all,” he said.

author avatar
Udeme Utip-Uyo
SendShare13Tweet8

Related Posts

Oyo State governor, 'Seyi Makinde, has declared that no one will be allowed to hold down the Peoples Democratic Party (PDP) for any other party to be in power.

Nobody Can Hold PDP Down For Another Party -Makinde

by Udeme Utip-Uyo
February 4, 2026
0
54

Oyo State governor, 'Seyi Makinde, has declared that no one will be allowed to hold down the Peoples Democratic Party...

Peter Obi Lauds Makinde For Oyo Uplift •My Team Will Continue After Me -Makinde

Peter Obi Lauds Makinde For Oyo Uplift •My Team Will Continue After Me -Makinde

by Udeme Utip-Uyo
February 1, 2026
0
138

"We have a team that is still intact. It is only 'Seyi Makinde that will go out; members of the...

Oyo State @ 50: Makinde Pledges Commitment To Securing Better Future, Inclusive Development

Oyo State @ 50: Makinde Pledges To Secure Better Future

by Udeme Utip-Uyo
January 26, 2026
0
57

As the one week-long Oyo State @ 50 anniversary celebrations commences on Monday, Governor ‘Seyi Makinde has pledged his administration's...

ICT | Science | Technology

NCC Releases Q4 2025 Report •Charges Media On Constructive Framing

NCC Releases Q4 2025 Report •Charges Media On Constructive Framing

February 1, 2026
9
NCC Introduces ₦250,000 ISA Administrative Fee

NCC Introduces ₦250,000 ISA Administrative Fee

January 28, 2026
31
NCC Unveils Spectrum Roadmap 2026–2030 •Pledges Improved QoS

NCC Unveils Spectrum Roadmap 2026–2030 •Pledges Improved QoS

January 21, 2026
54
Glo Launches 'Travel Saga' Action-Packed Mobile Game

Glo Launches ‘Travel Saga’, Action-Packed Mobile Game

January 14, 2026
28
NCC, CBN To Roll Out Refund Framework For Failed Airtime, Data Transactions

NCC, CBN To Roll Out Refund Framework For Failed Airtime, Data Transactions

January 9, 2026
20
Prev Next

Health

Human Existence May End Sooner Than Projected -Ajayi Crowther VC

Human Existence May End Sooner Than Projected -ACU VC

May 17, 2023
191

197 Benefit From JDS “Project An Egg A Day” Initiative, 14th Edition

September 2, 2024
102

Drug Addicts Have No Excuse On Treatment-Marwa

June 30, 2022
275

JDS Free Medical Outreach Final Leg Reach Ona Ara LG

November 29, 2024
38

How To Make Sperm Thicker, Stronger

September 7, 2022
735

Alli To Empower 5,000 Girls With Education, Hygiene Resources

October 6, 2024
19
Prev Next
Newscoven

NewsCoven.com is an independent and unbiased online news medium determined to take a holistic approach to reportage of events, covering all spheres of human activities, with refreshed zeal and vigour.

Contact: +234-805-732-0978

Categories

  • Achievers | Appointments
  • Agriculture
  • Analysis
  • Arts | Book Review
  • Banking & Finance
  • Business
  • Church
  • Crime | Court | Judiciary | Security
  • Culture | Religion
  • Editorial | Discourse | Opinion
  • Education
  • Energy | Oil & Gas
  • Entertainment | Sports
  • Environment | Community | Eye Report | Metro
  • Feature
  • Health
  • Health Law & Human Dignity
  • Hotels | Travels | Tourism
  • ICT | Science | Technology
  • Interviews
  • Islam
  • Kaleidoscope With Anike
  • News
  • Peoples | Events
  • Politics
  • Reflections With Dapo Falade
  • Science
  • Uncategorized
  • Woman's Essence by Motunrayo Busari
  • World

Recent News

Did Allah Ordain The Sultan?

Did Allah Ordain Sultan As Head Of Muslims?

February 8, 2026
3m Bpd Target: Communication Is Key -Adeola Yusuf

Communication Key To Meeting 3m Bpd Oil Production Target -Adeola Yusuf

February 8, 2026
The Case For Medical Cannabis

The Case For Medical Cannabis

February 8, 2026

© 2024 NewsCoven - Beyond the Surface by DF Global Resources Enterprises.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • About Us
  • Advertisement
  • Breaking News | Latest Nigerian News Today
  • Checkout
  • Contact Us
  • Disclaimer
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms of Use

© 2024 NewsCoven - Beyond the Surface by DF Global Resources Enterprises.