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Thursday, 19 August 2021

Petroleum Industry Act: Nigeria to set up Trust Fund to manage 3% host communities funds

Petroleum Industry Act: Nigeria to set up Trust Fund to manage 3% host communities funds: A Trust Fund would be set up to manage the 3 percent allocated for the host communities to avert any crisis that may arise in the implementation of the recently signed Petroleum Industry Act (PIA). According to the Minister of Niger Delta Affairs, Godswill Akpabio, his ministry would ensure that ...

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