PIA: A Corporate Attempt To Colonize Host Communities

Odili Ogochukwu -

The signing of the Petroleum Industry Bill into law by President Muhammadu Buhari on August 16, 2021, had raised more questions than answers as the provision of the new Act seemed not to have gone well down with the host communities.

The Petroleum Industry Act which created new regulatory directions for the operators and host community was promulgated to address the differences among the oil companies and host-com.

At the NBA Warri, fifth Webinar Series titled, “PIA and Implications for Development of host communities,” held recently, the body condemned the Act and called for its amendment.

Reacting to the provisions of Chapter Three of the PIA, NBA Warri described it as a corporate attempt to ‘colonize’ host communities, lamenting that the settlors have excessive control over the host communities.

In her explanation, “Oil Companies may decide the traditional rulers of our communities since appoint an advisory committee.”

Read more at https://afimag.com/pia-a-corporate-attempt-to-colonize-host-communities/