The Nation Newspaper

Forces against oil companies’ 3% fundallocation to host communities

The Petroleum Industry Act (PIA) 2021 introduced the Host Community Development Trusts (HCDTs), under which it allocated three per cent of oil companies’ annual operating expenses to local development ...
The Punch Newspapers

IOCs: Implement host communities’ projects

DISQUIET is mounting in Nigeria’s oil-producing communities over the non-implementation of the Host Communities Development Trust by international oil companies. Established under the Petroleum ...
The Punch Newspapers

Host community fund hits N373bn, 536 projects ongoing — NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has disclosed that the Host Community Development Trust fund has risen to N373bn as of October 13, 2025, with 536 community development projects ...
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PIA: Development Trust Fund lifts host communities

The introduction of Host Communities Development Trust in the Petroleum Industry Acts (PIA) has given leeway to the oil and gas host communities, which prior to this time were crying for ...
The Nation Newspaper

FG tasks oil companies on corporate social responsibility to host communities

The Federal Government has called on oil companies operating in Nigeria to demonstrate genuine commitment to the development of their host communities through effective implementation of corporate ...