https://www.accessbankplc.com/ https://www.accessbankplc.com/ https://www.accessbankplc.com/
ADVERTISEMENT
  • About Us
  • Privacy Policy
  • Contact Us
Friday, July 4, 2025
The Genius Media
  • Login
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
The Genius Media
No Result
View All Result
First Bank Ad First Bank Ad First Bank Ad

AMAICOMMA CCDC: Association sensitizes Ondo Oil Communities On PIA

Tgmedia by Tgmedia
June 12, 2022
in Energy, Trending News
0
AMAICOMMA CCDC

AMAICOMMA CCDC: Association sensitizes Ondo Oil Communities On PIA

AMAICOMMA CCDC: Association sensitizes Ondo Oil Communities On PIA—The Amalgamation of Ilaje Ugbo Coastal Communities Association (AMAICOMMA CCDC) on Sunday sensitised community leaders and members under Chevron Nigeria Ltd. (CNL) Offshore Memorandum of Understanding (OMoU) on the Petroleum Industry Act (PIA) and its implications.

 

The stakeholders meeting which was part of efforts to improve community relations and communications in the CNL OMoU communities governance model, was also to create an  interaction platform between community members and the new AMAICOMMA CCDC executives.

 

The News Agency of Nigeria (NAN) reports that the stakeholders’ meeting tagged: “How To Cope in the New Order: Petroleum Industrial Act As A Case Study”, held at Obamakin Osangangan Hall in Ode Ugbo, Ilaje Local Government Area of Ondo State.

 

Wole Ogungbeje, Chairman, AMAICOMMA CCDC, said that President Muhammadu Buhari signed the PIA in 2021 with the intention of encouraging an atmosphere favourable for development of the sector.

 

He said the PIA was also signed to address the genuine complaints of the host communities impacted by extractive industries.

 

He added that the act seeks to provide legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry.

 

Ogungbeje said that the PIA would further strengthen the relationship between the oil companies and the host communities as well as create the Host Community Development Trust Fund (HCDTF).

 

“The purpose of HCDTF will include driving sustainable prosperity, make available direct social and economic benefits from petroleum exploration activities to host communities.

 

“The HCDTF will also improve peaceful and harmonious coexistence between the oil companies and their host communities,” he said.

 

Ogungbeje said that the PIA demanded that all current host community projects must be transferred to the HCDTF.

 

According to him, each settlor (oil license holder) must also make an annual contribution of an amount equal to three per cent of its operating expenditure for the relevant operations from the previous year.

 

He also said that the current OMoU governance model would be transitioning into the PIA in the next few months, as plans were currently ongoing for the transitioning.

 

Ogungbeje, however, assured the community members that the benefits of oil exploration in their communities would be further enhanced with the PIA, as members of the HCDTF would still be community members with proven capacity for development.

 

Responding, one of the community leaders, Chief Alicheus Jedo of Jedo Community, thanked the AMMAICOMMA CCDC executives for the sensitisation which he said had cleared a lot of information gaps and confusion about the PIA.

 

“With the sensitisation, we l are now looking forward to a new phase of development in the communities, which we hope will be inclusive and participatory,” he said.

 

Jedo urged the AMAICOMMA CCDC to make such information sharing sessions more regular.

 

NAN  reports that the stakeholders meeting was attended by community chiefs, leaders, members and other stakeholders

Share this:

  • WhatsApp
  • Email
  • Tweet
  • Telegram

Like this:

Like Loading...
Tags: AMAICOMMA CCDCAssociation sensitizes Ondo Oil Communities On PIA
Previous Post

Mixed Reactions Trail Older Women Dating Younger Men

Next Post

Foundation Honors Buratai With Icon Of Hope Award

Related Posts

Tuchel Vs Lukaku
Sports

What Chelsea Owner, Abramovich Said About Tuchel Vs Lukaku Dispute

January 4, 2022
5% Tax On Calls And Data
Business

#Buhari: More hardship For Nigerians As FG Imposes Another 5% Tax On Calls And Data

July 29, 2022
Eid Mubarak
Religion

Eid Mubarak: Kaduna Church Gives Out #Sallah Clothes Foodstuffs, Cash To About 50 Orphans

May 2, 2022
Next Post
Foundation Honors Buratai With Icon Of Hope Award

Foundation Honors Buratai With Icon Of Hope Award

ADVERTISEMENT

About Us

Thegenius Media.com.ng is an Online Nigerian NEWS HUB with good coverage and reportage of Exclusive Stories, Daily News Updates, Politics, Entertainment, Crime, Lifestyle, Relationship Tips and Sports.

RELEVANT PAGES

  • About Us
  • Privacy Policy
  • Contact Us

Alert Us

Important Press Releases, Breaking Stories, Special Investigations: thegeniusmedia1@gmail.com

Office Address

No 26 Oroleye Crescent off Abel Oreniyi Street.
Off Salvation Road, Opebi
Ikeja, Lagos

Tel:

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports

© TheGeniusMedia.com,ng

%d bloggers like this: