Since both chambers of the National Assembly passed the Petroleum Industry Bill (PIB) on July 1, the host community provision has sparked debate, drowning out the prospect of energy transition. In the bill, the House of Representatives allocated for 5 percent of last year’s total operating cost whereas the Senate provided for…for further reading, click on https://businessday.ng/energy/oilandgas/article/in-post-oil-world-host-communities-fund-debate-off-point/
Source: BusinessDay Newspaper Jul 12, 2021.