Environment Expert Wants Urgent Inauguration Of host Community Trust Fund

The National Coordinator, Center for Peace and Environmental Justice, CEPEJ, Comrade Sheriff Mulade has called on the Federal Government to urgently inaugurate the Host Community Trust Fund HCTF, provided for by the Petroleum Industry Act, PIA, to manage the Petroleum Industry Fund towards addressing environmental issues affecting oil and gas producing communities in Nigeria.

Chief Mulade, who is the Ibe-Serimowei of Gbaramatu Kingdom in Warri Southwest Local Government Area of Delta State, made the call in Warri while interacting with newsmen.

The environment expert expressed fear that if the Minister of Niger Delta Affairs or the Governors of oil-producing States should control and manage the 3% allocation provided for in the PIA, it might be mismanaged the same way the 13% derivation fund allocated to oil-producing States was misused.

Chief Mulade maintained that the 13% oil derivation fund and the PIA fund were meant to address the environmental, ecological, and infrastructural development issues of oil communities, emphasized that the 3% PIA fund should be managed by the Host Community Trust Fund, HCTF, as stipulated in Section 2 of the Petroleum Industry Act, PIA.

While appreciating President Muhammadu Buhari, the National Assembly, and all those who worked tirelessly to ensure the passage of the PIB, Comrade Mulade charged the PIA Implementation Committee headed by the Minister of State for Petroleum, Chief Timipre Sylver to expedite action on the development and positive growth of oil and gas host communities, which are the backbone of the Nigerian economy.


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