10 May 2023

STAKEHOLDER’S ENGAGEMENT ON THE OPERATIONALIZATION OF THE HOST COMMUNITY DEVELOPMENT TRUST (HCDT) UNDER THE PETROLEUM INDUSTRY ACT 2021

The Commission Chief Executive NUPRC Engr Gbenga Komolafe was represented by the Executive Commissioner Economic Regulations & Strategic Planning Dr. Kelechi Ofoegbu, who delivered a keynote speech on behalf of the CCE at the Hostcom Sensitization workshop on “Implementation of the Host Community Development Trust” at Transcorp hilton Hotel, Abuja.

 

In attendance are the Executive Management of NUPRC, Royal Majesties/High Chiefs, as well as key Industry Stakeholders.

 

The purpose of the workshop is to create awareness and provide a platform for knowledge sharing on the implementation of the Hostcom provisions in the PIA in a manner that will impact positively on the people of the Niger Delta and other oil and gas host communities.

 

The objective is to create further awareness on this very important  piece of legislation and provide updates on the Commission’s activities geared towards the implementation of the regulations for Nigeria oil and gas industry, provide a clear roadmap for the implementation of the Host Communities Development Trust to enhance peaceful and harmonious co-existence between oil and gas industry operators and host communities, and ultimately support the development of host communities.