• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, November 7, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

HOSCON Seeks Implementation Of 13% Oil Derivation

by Leadership News..
3 years ago
in Business
oil tefth
Share on WhatsAppShare on FacebookShare on XTelegram

The Host Communities of Nigeria Producing Oil and Gas (HOSCON) has called on the federal government to establish 13 per cent oils derivation presidential implementation committee and allow the host community to nominate peoples.

Its said that the peoples of the Niger Delta regions are suffering due to the non-implementation of the 13 percent derivation.

Advertisement

National chairman of HOSCON, Dr Mike Emu made the call in Abuja during the 2023 Oil and Gas Stakeholders Festival with the theme: “Uniting Stakeholders-A Road Map for Energy Transition”.

He pointed out that the section 132, sub-section 2, cap 39 of the 1999 constitution as amended, made it very clear that 13 percent derivation is for the host community.

Advertisement

He said, “The federal government has tried, there are a number of billions that are in the budget of the Ministry of Niger Delta Affairs, talk about 13 percent derivation that goes to the Niger Delta, about 40, 50 billion every month shared to the government of the oil producing states.

The three percent PIA that has been passed into law, one year, five months now, no implementation of it, unfortunately it is set law. I wonder what is actually happening. I may not major on the problem of illegal refinery, pipeline vandalization, or oil theft. But the people of the Niger Delta are suffering, there is no drinking water in the creeks”.

In her remarks, the convener, Oil and Gas Stakeholders Festival, Ms Faith Wilkinson, admonished host communities to embrace change and deviate from the old methods to the new methods of transiting into a better economy.

RELATED NEWS

Yellow Card Wins Payments Award Over Global Industry Giants

Ellah Lakes To Raise N235bn Through Equity Capital For Expansion

Add Value To Crude Oil For Economic Prosperity, OPEC Urges Local Refiners

Chinese Firm Seeks To Engage In Abia Infrastructure Devt

She said, “We are having post festival training, originally the programme was designed to come with training for women and youths in the oil and gas industry in energy transition. But what we are trying to do is after this, we are going to have training for the women and the youths to begin to engage them on issues that are related to the industry.”

Join Our WhatsApp Channel


SendShareTweetShare

OTHER NEWS UPDATES

Yellow Card Wins Payments Award Over Global Industry Giants
Business

Yellow Card Wins Payments Award Over Global Industry Giants

3 hours ago
Ellah Lakes To Raise N235bn Through Equity Capital For Expansion
Business

Ellah Lakes To Raise N235bn Through Equity Capital For Expansion

3 hours ago
OPEC Keeps 2.2m Barrels Per Day Oil Demand Growth Forecast For 2024
Business

Add Value To Crude Oil For Economic Prosperity, OPEC Urges Local Refiners

3 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

AEMI Premium Announces Renowned Realtor Oluwakemi Ogunleye As Brand Ambassador

1 minute ago

Governor Ododo Approves ₦820bn Draft Budget For 2026

19 minutes ago

Group Condemns Attempt To Sabotage MOWAA Commissioning

21 minutes ago

Kwara Emerges 3rd In Sub-national Fiscal Performance In 2024

24 minutes ago

50 Years Of Ikoyi Ladies’ Open: A Catalyst For Sustainable Environment, Community Bonds

47 minutes ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.