JUST IN: Senate Passes PIB Bill, Pegs Host Community Fund At 3%

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JUST IN: Senate Passes PIB Bill, Pegs Host Community Fund At 3%
Chinedu Ibeakanma
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The Senate has passed the conference report of the National Assembly on the Petroleum Industry Bill (PIB).

The report as passed pegged contributions to the host communities development trust fund at three per cent of the operating expenditure of oil companies in the region.

Details shortly…

This post was written by Chinedu Ibeakanma.

The views expressed here belong to the author and do not necessarily reflect our views and opinions.

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