Connect with us

NEWS

PIA: FG Tasks Host Community Trusts on Utilisation of 3% Funds

Published

on

Share

The Federal Government has urged Host Community Development Trusts (HCDTs) in the Niger Delta to maximize the three per cent funds to ensure that communities reap the benefits of such funds.

The Petroleum Industry Act (PIA) 2021 mandates oil firms to set aside three per cent of its operational expenses for development of its host communities.

The Minister of State Petroleum Resources (Oil), Sen.

Heineken Lokpobiri, gave the charge during the KEFFESO Stakeholders Forum in Yenagoa, the Bayelsa capital.

NAN reports that the theme for the event is “Envisioning Sustainable Community Development in Niger Delta Host Communities: Identifying Challenges and Actualizing The PIA Paradigm Shift.

According to Lokpobiri, in a bid to bring stability to the oil sector and to address the agitations occasioned by lack of development in host communities, the federal government enacted the PIA and set aside three per cent operational expenses by oil and gas firms for host communities development.

The Minister pointed out that infighting amongst stakeholders in host communities has made it difficult for oil bearing communities to access the funds accruing to the HCDTs.

He called on host communities to collaborate with the federal government and operating companies to ensure that oil production services are not disrupted, stating that host communities will be the eventual losers if oil production are disrupted.

“This KEFFESO Stakeholders Forum is to see how host communities can maximize the benefits from the Host Communities Trust Funds as prescribed by the PIA.

“I came to speak to them about taking ownership of oil and gas facilities that are located in different parts of the country.

“Any time there is disruption in oil production everybody loses, the federal government, oil production companies and the host communities.

“That is why I said it is important they take this message home, let them work with all stakeholders, the federal government, oil companies and host communities should work together.

“As stakeholders who have their respective stakes in oil and gas operations in the country, we should work together to ensure that we maximize the benefits of oil and gas.

“Don’t forget there is a global campaign against the continuation of production of fossil fuel.

“Fossils fuel will never go away. Fossil fuel will not have any value unless you bring it out of the ground or from the sea to the market that is why we need this collaboration,” he said.

According to him: “I want to recommend this KEFFESO model to all parts of the country that are into oil and gas that when you have sustained peace you will benefit.

In his remarks, the Executive Secretary of the Nigerian Content Development and Monitoring Board, NCDMB, Engr. Omotsola Ogbe reiterated the commitment of the Board to leverage on the provision of the NOCGIiC Act.

He equally said that the NCDMB’s Community Content Guidelines aim to ensure sustained community engagement and play the part vested on the Board and ensure that the community content is respected and recognized in the entire oil and gas value chain.

Represented by the Director Legal Services of the Board, Mr Naboth Onyesoh, commended the KEFFESO Host Community Development Trust.

First E & P and the Minister of State Petroleum Resources Oil towards the support government to the KEFFESO trust fund.

On his part, the MD/CEO of First E & P, Mr Ademola Adeyemi-Bero said the KEFFESO Stakeholders Forum is a veritable platform to discuss and strategize for a meaningful and sustainable future for host communities.

He noted that the forum marks a pivotal commitment of the company’s journey towards tackling the present challenges faced by the marginalized communities in the Niger Delta. (NAN)

NEWS

PCNGI Donates Four buses to FCT

Published

on

Share

By Laide Akinboade, Abuja

The Minister of Federal Capital Territory (FCT), Nyesom Wike on Thursday received four (50 seaters) Compressed Natural Gas, (CNG), from Presidential CNG Initiative (PCNGI), in Abuja.

The Mandate Secretary Transport Secretary, Chinedu Elechi, received the buses on behalf of the FCT minister in his office.

He said the buses will be very helpful in transporting 200 people at the same time from one point to the other.

He commended the FCT Minister for his initiative and vision.

According to the Mandate Secretary, “May I, on behalf of the Honorable Minister of the FCT, receive the keys to these buses.

It was just yesterday that we talked about this when the minister asked me to represent him in the National PCNG Programme of Gas.

He continued, “This is why the Honourable Minister has built roads, bridges and is now building bus terminals. We have just commissioned two of the modern bus terminals at Mabushi and Kugbo.

“I am going to just say these buses, as good as they look, will be very helpful. We are going to get more buses, the minister is already working on that and we thank you so very much for this. It looks very nice. I’m sure both those who have private transportation and those who do not, would enjoy the ride.

“So on behalf of the Honorable Minister and the FCTA, we want to thank you and we say that you should extend our gratitude to Mr. President, whose initiative this is, and you too for your hardwork”.

Michael Oluwagbemi, Program Director/Chief Executive, Presidential CNG Initiative in his response said the FCT was chosen as a key beneficiary because of its unwavering support for the programme and its investments in transport infrastructure under Wike’s leadership.

“We identified the FCT as a major beneficiary because it has shown great innovation by investing not just in roads but in terminals. Yesterday, I called the Mandate Secretary and said, ‘Can we have it in the next 24 hours?’ He said it was doable, and here we are today. At PCNGI, our philosophy is to talk and do,” Oluwagbemi stated.

He described the buses as “foundation assets” for the operation of the new terminals and expressed hope that within the next two to three years, Abuja residents including himself would prefer leaving their private cars at home to use public transport, as seen in developed countries.

Oluwagbemi also praised Abuja as “Nigeria’s most important physical achievement since independence,” noting its rapid transformation over the past four decades and expressing confidence that the same determination would make CNG-powered transportation a national reality.

“We just left the FRSC, and they informed us that they will launch new plate number formats for both CNG and electric vehicles in September. The FRSC received one bus, but you are getting four because you are one of our biggest supporters. This is a presidential initiative Mr. President wants to see Nigerians move around cheaper, safer, and more reliably,” he said.

The hybrid buses can operate on both Compressed Natural Gas (CNG) and diesel (AGO), ensuring uninterrupted service even when CNG supply is unavailable.

Continue Reading

NEWS

Ewhrudjakpo Felicitates Bayelsa First Lady on Birthday Anniversary

Published

on

Share

From Mike Tayese, Yenagoa

The Deputy Governor of Bayelsa State, Senator Lawrence Ewhrudjakpo, has felicitated the Wife of the Governor, Dr. Gloria Diri, on the occasion of her birthday over the weekend.

Ewhrudjakpo, in a statement signed on his behalf by his Senior Special Assistant on Media, Mr Doubara Atasi, said Dr Gloria Diri’s birthday ceremony offers a rare opportunity to make appraisal of her very impactful social programmes and projects which have positively touched the lives of people, especially the vulnerable demographics such as women, youths and the elderly.

The Deputy Governor noted that the First Lady had used her privileged position as one of the pillars of the Prosperity ASSURED Agenda in Bayelsa State to change the narrative of many Bayelsans through skills acquisition programmes, medical outreaches and stipends to the elderly.

He also acknowledged her efforts in the area of providing entrepreneurial trainings and startups for Bayelsans in the business community, as well as being a voice for the promotion of women rights in the country.

Senator Ewhrudjakpo who used the opportunity to thank Bayelsa women for their support to the Prosperity Administration, urged them not to relent in supporting the people-oriented programmes and initiatives of the First Lady to better their lives and others in society.

The Deputy Governor prayed to God to grant Dr. Gloria Diri sound health, more wisdom and divine direction to enable her to contribute more meaningfully to the development of Bayelsa State.

Continue Reading

NEWS

FG Making Taxation Fairer, More Beneficial to Ordinary Nigerians – Nweze

Published

on

Share

From Godwin Okeh, Abakiliki

The senior special assistant to President Bola Tinubu on community engagement, South-East region, Chioma Nweze has said the present administration is reducing the burden on small businesses and low-income earners, and strengthening Nigeria’s revenue system.

Nweze made this known during the South-East stakeholders’ town Hall meeting/one-day sensitization of market women and traders, held at the International Conference Centre, Enugu.

She said the sweeping tax reform package of the federal government to the people of the region is aimed at simplifying compliance.

Nweze told participants that President Bola Ahmed Tinubu’s administration is determined to make taxation fairer and more beneficial to ordinary Nigerians.

According to her: “Our women, especially market women, must understand why the government collects tax, what the government does with it, and how they should pay without exploitation.

“The president has removed fuel subsidy, unified the exchange rate, and increased allocations to states. These reforms will ensure more projects are delivered to benefit citizens,” she said.

Nweze emphasized that sensitizing women was deliberate, recalling that historical revolts such as the Aba Women’s Riot of 1929 were caused by unfair taxation.

“When women are informed, they carry the message to their families and communities. We don’t want exploitative practices to return; instead, women should be empowered to benefit from government initiatives,” she said.

Responding, the Chairman of the Tax Appeal Tribunal, Southeast Zone, Chukwumeka Eze explained that four new tax acts signed into law on June 26, 2025, now consolidate more than 20 scattered tax laws.

He noted that businesses with an annual turnover below N50 million are exempted from Companies Income Tax and Value Added Tax, while minimum wage earners will no longer pay personal income tax.

“This is progressive taxation. The rich will now pay more within their means, while the poor will be protected. The days when wealthy individuals paid little tax are gone,” Eze stressed.

He added that the reforms also introduced a Tax Dispute Resolution Mechanism that allows citizens to lodge complaints free of charge, with resolutions provided within 7–14 days.

Tax professional and Chartered Accountant, Mr. Innocent Chinyere Ohagwa, said the reforms were necessary to strengthen Nigeria’s fiscal base, describing SMEs as the “lifeblood” of the economy.

“SMEs account for more than 90% of businesses and nearly 60% of jobs in Nigeria. By removing multiple taxation and unfair levies, the government is giving them space to grow, create wealth, and support economic diversification,” he said.

Zino Ugboma, representing the Nigerian Education Loan Fund (NELFUND), highlighted how tax revenues are being used to expand access to education.

He explained that undergraduates in universities, polytechnics, and colleges of education can now access tuition and living-cost loans, repayable only after gaining employment, two years post-NYSC.

“This is a direct way of showing that taxation is not just about collection, but also about giving back to the people,” Ugboma said.

DAILY ASSET reports that the forum drew officials of the Federal Inland Revenue Service (FIRS), women leaders, professionals, and community stakeholders, and ended with a call for stronger collaboration to ensure the success of the reforms.

One of the participants, Nnenna Otuonye, applauded President Tinubu for pushing a fairer system and urged Southeast residents to embrace compliance for economic growth.

Continue Reading

Advertisement

Read Our ePaper

Top Stories

POLITICS6 hours ago

2027: Peter Obi Urges Nigerians to Obtain their PVC

ShareBy Mike Odiakose, Abuja A 2027 Presidential hopeful and former Labour Party presidential candidate of the Labour Party, Peter Obi,...

NEWS6 hours ago

PCNGI Donates Four buses to FCT

ShareBy Laide Akinboade, Abuja The Minister of Federal Capital Territory (FCT), Nyesom Wike on Thursday received four (50 seaters) Compressed...

NEWS7 hours ago

Ewhrudjakpo Felicitates Bayelsa First Lady on Birthday Anniversary

Share From Mike Tayese, Yenagoa The Deputy Governor of Bayelsa State, Senator Lawrence Ewhrudjakpo, has felicitated the Wife of the...

NEWS8 hours ago

FG Making Taxation Fairer, More Beneficial to Ordinary Nigerians – Nweze

ShareFrom Godwin Okeh, Abakiliki The senior special assistant to President Bola Tinubu on community engagement, South-East region, Chioma Nweze has...

view point8 hours ago

The Quest to Support Nigeria’s Breastfeeding Mothers

ShareBy Folasade Akpan Breastfeeding is widely recognised as the single most important source of nutrition for infants in the first...

SPORTS8 hours ago

Ebonyi Gov Rewards D’Tigress Star with N30m, N50m Project

ShareEbonyi State governor Francis Nwifuru has rewarded D’Tigress forward Blessing Ejiofor with N30m and a duplex, while also approving a...

Health9 hours ago

Nigeria Joins $6.4m International Push for Lassa Fever Vaccine

ShareNigeria has joined a new 6.4 million dollar international research consortium aimed at accelerating the development of a vaccine against...

Health9 hours ago

FG to Hosts Health Financing Policy Dialogue Sept 4

ShareThe Federal Ministry of Health and Social Welfare said it will host the National Health Financing Policy Dialogue from Sept....

NEWS9 hours ago

Police arrest vandals targeting solar infrastructure in Abuja

ShareBy Laide Akinboade, Abuja The Federal Capital Territory (FCT) Police Command have arrested two suspects involved in the vandalism of...

POLITICS10 hours ago

Tinubu Stabilising his Mess – Aisha Yesufu Faults Okonjo-Iweala

ShareActivist Aisha Yesufu has criticized World Trade Organization Director-General, Ngozi Okonjo-Iweala, over her remarks commending President Bola Tinubu for stabilizing...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc