PIA: Government should monitor how 3% equity of host communities is spent -Wike

RIVERS State Governor Nyesom Wike has said there is a need for the government to monitor how three per cent equity share to host communities contained in the recently signed Petroleum Industry Act (PIA) is spent.

The governor, who spoke on Channels Television Sunrise Daily on Tuesday, said the fund might cause a lot of crisis if paid directly to the coffers of the beneficiaries.

“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 the government but paying to the host community and leaving them alone will cause a lot of crisis,” he said.

“There should have been someone to checkmate the communities in order not to have a crisis.



    “I can assure you that I have no problems with sending that money to the communities for them to spend for development purposes, but how do you checkmate the use of that fund?”

    He further said that  oil companies would sabotage the Act by sponsoring crises in the communities in order not to send the funds to them.

    The governor also noted that the Act’s three per cent allocated to the host communities was not enough, considering the enormous environmental damage caused by oil exploration in the Niger Delta region.

    He also argued that President Muhammadu Buhari should have considered the plights of the Niger Delta people before signing the bill.

    You can reach out to me on Twitter via: vincent_ufuoma

    Join the ICIR WhatsApp channel for in-depth reports on the economy, politics and governance, and investigative reports.

    Support the ICIR

    We invite you to support us to continue the work we do.

    Your support will strengthen journalism in Nigeria and help sustain our democracy.

    If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation


    1. Every community should have representators with goverment elected body to monitor the fund and the sharing to avoid dangers in the regoin.our lives are important to us


    Please enter your comment!
    Please enter your name here

    Support the ICIR

    We need your support to produce excellent journalism at all times.

    - Advertisement


    - Advertisement