{"id":72659,"date":"2021-08-18T13:35:39","date_gmt":"2021-08-18T12:35:39","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=72659"},"modified":"2021-08-18T13:35:39","modified_gmt":"2021-08-18T12:35:39","slug":"petroleum-industry-act-will-bring-real-and-last-benefits-buhari-tells-host-communities","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/08\/18\/petroleum-industry-act-will-bring-real-and-last-benefits-buhari-tells-host-communities\/","title":{"rendered":"Petroleum Industry Act will bring real and last benefits, Buhari tells host communities"},"content":{"rendered":"<p>President Muhammadu Buhari has called on host communities to accept the provisions of the Petroleum Industry Act (PIA).<\/p>\n<p>This appeal was made on Wednesday by President Buhari in his address on the\u00a0passage of the PIA.<\/p>\n<p>President Muhammadu Buhari signed the PIB into law on Monday.<\/p>\n<p dir=\"ltr\">A contentious issue in the bill is the allocation of 3 percent oil companies\u2019 operating expenses for host communities \u2014 a percentage tagged as insufficient by some stakeholders.<\/p>\n<p dir=\"ltr\">Several stakeholders including Seriake Dickson, senator representing Bayelsa west; Duoye Diri, governor of Bayelsa state; Edwin Clark, an\u00a0Ijaw national leader, have argued that three percent is unacceptable.<\/p>\n<p dir=\"ltr\">The Pan Niger Delta Forum <strong><a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/08\/17\/pandef-slams-buhari-for-signing-pib-into-law-despite-outcry\/\">(PANDEF)<\/a><\/strong> also described the signing of the PIB into law by Buhari as a &#8220;callous act&#8221;.<\/p>\n<p dir=\"ltr\">Speaking on the development, President Buhari said\u00a0the PIA will bring \u201creal and lasting benefits\u201d to the host communities.<\/p>\n<p>\u201cThe \u201cPetroleum Industry Act 2021\u201d creates a regulatory environment that would ensure efficiency and accountability across the oil and gas value chain and reposition NNPC to a commercially driven National Petroleum Company that is accountable to the Federation,\u201d Buhari said.<\/p>\n<p>\u201cThe Act also provides for a direct benefit framework that will enable sustainable development of Host Communities.<\/p>\n<p>\u201cI appeal to the host communities to look carefully at the contents of the Bill which in the implementation will bring real and lasting benefits to them.\u201d<\/p>\n<p>Mele Kyari, group managing director of the Nigerian National Petroleum Corporation <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/08\/17\/pia-why-nnpc-will-cease-to-exist-within-six-months-says-kyari\/\">(NNPC)<\/a>, had said that host communities of oil companies in the Niger Delta could get $500 million annually from the new PIA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Muhammadu Buhari has called on host communities to accept the provisions of the Petroleum Industry Act (PIA). This appeal was made on Wednesday by President Buhari in his address on the\u00a0passage of the PIA. President Muhammadu Buhari signed the PIB into law on Monday. A contentious issue in the bill is the allocation of [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":45675,"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":[8773,14133,4881,208],"class_list":["post-72659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-host-communities","tag-pan-niger-delta-forum","tag-pib","tag-president-muhammadu-buhari"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Petroleum Industry Act will bring real and last benefits, Buhari tells host communities<\/title>\n<meta name=\"description\" content=\"President Muhammadu Buhari has called on host communities to accept the provisions of the Petroleum Industry Act (PIA).\" \/>\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\/18\/petroleum-industry-act-will-bring-real-and-last-benefits-buhari-tells-host-communities\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Petroleum Industry Act will bring real and last benefits, Buhari tells host communities\" \/>\n<meta property=\"og:description\" content=\"President Muhammadu Buhari has called on host communities to accept the provisions of the Petroleum Industry Act (PIA). This appeal was made on Wednesday\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2021\/08\/18\/petroleum-industry-act-will-bring-real-and-last-benefits-buhari-tells-host-communities\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-18T12:35:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/06\/adejayan_gbenga\/2021\/06\/12\/president-Buhari-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sodiq 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