{"id":68904,"date":"2021-08-09T19:12:09","date_gmt":"2021-08-09T18:12:09","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=68904"},"modified":"2021-08-09T19:12:09","modified_gmt":"2021-08-09T18:12:09","slug":"pib-5-for-host-communities-shouldnt-be-contentious-peter-obi","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/08\/09\/pib-5-for-host-communities-shouldnt-be-contentious-peter-obi\/","title":{"rendered":"PIB: 5% for host communities shouldn\u2019t be contentious – Peter Obi"},"content":{"rendered":"

Former governor of Anambra state, Peter Obi has stated that allocating five percent of the operating expenditure of oil firms to host communities should not be up for debate.<\/p>\n

Recall that both houses of the national assembly had adopted three percent as host community trust fund when they\u00a0passed\u00a0the Petroleum Industry Bill (PIB) before going on recess.<\/p>\n

The bill,\u00a0which seeks to provide guidance and fiscal framework for the oil and gas industry, has been in the works since the tenure of former President Olusegun Obasanjo, who led Nigeria between 1999 and 2007, but successive sessions of the national assembly<\/a> failed to pass it.<\/p>\n

At the public hearing on the bill, representatives of the host communities demanded that they be allocated 10 percent on the grounds that three percentage is not enough to improve the standard of living of their people.<\/p>\n

Although five percent was proposed, the joint committee of the national assembly recommended three percent after a meeting of the senators with Timipre Sylva, minister of state for petroleum resources, and Mele Kyari, group managing director of Nigerian National Petroleum Corporation (NNPC).<\/p>\n

Several stakeholders including\u00a0Seriake Dickson, senator representing Bayelsa west;\u00a0Douye Diri, governor of Bayelsa state;\u00a0Edwin Clark, an Ijaw national leader, have argued that three percent is unacceptable.<\/p>\n

Speaking when he featured on ARISE TV on Monday, Obi said Nigeria has not treated the communities well, adding that their demand for five percent is just.<\/p>\n

He explained that the communities need the fund to prepare for the future when oil would no longer have as much value as of present.<\/p>\n

Obi said: I\u2019ve had privilege of visiting those host communities and I feel very pained that Nigeria treated them the way they did. And I think their demand for 5 percent is just and should not have been an issue of contention at all.<\/p>\n

\u201cFor me, the PIB, and I plead with the government, please, give the host communities the 5 percent. It is not going to make any difference. Oil today is a diminishing asset that won\u2019t be there tomorrow. The future asset is education, so let us support and equip those communities to be able to compete in the future.<\/p>\n

Here, TheCable explains if the 3 percent will be taken from the 13 percent derivation fund which goes to oil-producing communities from the federal revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"

Former governor of Anambra state, Peter Obi has stated that allocating five percent of the operating expenditure of oil firms to host communities should not be up for debate. Recall that both houses of the national assembly had adopted three percent as host community trust fund when they\u00a0passed\u00a0the Petroleum Industry Bill (PIB) before going on […]<\/p>\n","protected":false},"author":17,"featured_media":55122,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[371,1345,4881,15360],"class_list":["post-68904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-fg","tag-peter-obi","tag-pib","tag-south-south-states"],"yoast_head":"\nPIB: 5% for host communities shouldn\u2019t be contentious - Peter Obi<\/title>\n<meta name=\"description\" content=\"Former governor of Anambra state, Peter Obi has stated that allocating five percent of the operating expenditure of oil firms to host communities should not be up for debate.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2021\/08\/09\/pib-5-for-host-communities-shouldnt-be-contentious-peter-obi\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PIB: 5% for host communities shouldn\u2019t be contentious - 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