Oil and gas-producing communities reject 2.5% derivative proposal

News - by RadioNow / Mar. 11th, 2021
oil and gas

Oil and gas-producing communities have turned down the 2.5 per cent derivative proposed for them in the new Petroleum Industry Bill (PIB) insisting rather, on the 10 per cent which the late former President Umaru Musa Yar’ Adua proposed before it was shut down. They are also asking the Federal Government to immediately scrap the Niger Delta Development Commission (NDDC). The request follows a public hearing on the PIB 2020, organized by Senate’s Joint Committee on Petroleum Downstream, Upstream, and Gas. However, the Minister of State for Petroleum, Timipre Sylva has faulted this decision by members of host communities.

Recently, aggrieved members of Koulama community, one of the communities affected by the oil exploration in Bayelsa state went to the flow station in their community and turned it off effectively cutting off oil and gas production at the angle field in a bid to register their displeasure. A member of the community, Dr Zuofa Egberigbo who is a Medical doctor and human Rights Activists was on The Big Story yesterday discussing the subject with Radio Now’s Ngozi Orlukwu.

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