Secretary of Warri Consultative Forum, WCF, Warri, Delta State, Mr Amechi Ogbonna, has warned that 3/5 per cent equity shareholding approved by the National Assembly for host communities (HostCom) in the newly-passed Petroleum Industry Bill, PIB, could instigate inter-communal crisis in the Niger-Delta region.
Ogbonna, an Itsekiri stakeholder said that “3/5 per cent is not the solution to the underdevelopment in the host community. This bill will lead to inter-community crisis. What measure do they want to use to identify the host community?
“As for me, the Bill is a Trojan gift, even the 13 per cent derivation to oil states is nowhere to be found. The first thing is for the National Assembly to identify the host community and to be included in the bill; if not, it is bloodbath.” (Vanguard)
Stay ahead with the latest updates! Join The ConclaveNG on WhatsApp and Telegram for real-time news alerts, breaking stories, and exclusive content delivered straight to your phone. Don’t miss a headline — subscribe now!
