PIB: Why FG Shouldn't Pay 3% Allocation Directly To Host Communities - Wike
Faith Ukanwa
Aug 17, 2021
The Rivers State Governor, Nyesom Wike has opined that the Federal Government should not pay the 3% allocation as contained in the new Petroleum Industry Bill (PIB), directly to the host communities.
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Wike stressed on the need for the federal government to monitor the spending of the allocation to avoid crisis.
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The governor said this on Tuesday, August 17, while featuring on Channels TV Sunrise daily.
He however noted that the 3% allocated to the host communities is not enough considering the enormous environmental damage caused by oil exploration in the Niger Delta region.
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Wike also added that the President, Muhammadu Buhari should have considered the plights of the Niger Delta people before signing the Petroleum Industry bill into law.
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"I was thinking that government should have a hand in monitoring the spending of such funds. That's my own thinking. Not just to allow it. I do agree you don't need to pay to government but paying to the host community and leaving them alone will cause a lot of crisis.
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"There should have been someone to checkmate the communities in order not to have crisis.
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"I can assure you that sending that money to the communities for them to spend for development purposes I have no problems but how do you checkmate the use of that fund?
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"I can tell you knowing the IOCs very well, what they will do is to sponsor crisis for them not to send such funds to them,ÔÇØ Wike said.
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— Faith Ukanwa