Bayelsa State Governor, Mr Douye Diri, says the 2.5 percent revenue proposed for host communities in the Petroleum Industry Bill (PIB) is grossly inadequate.
The governor said in view of the harsh impacts of oil exploration and exploitation in the Niger Delta, 10 percent would assuage the host communities.
“I restate our earlier submission that the 2.5 per cent proposed for the oil-producing communities is grossly inadequate and unacceptable to us as a people. In our proposal to you, we asked for 10 per cent for the host communities,” he noted.
He explained that the PIB was critical in addressing issues such as unemployment, lack of transparency in the oil and gas sector, militarisation of oil production, skills acquisition, and marginalisation of oil-producing states.
