NMDPRA pushes for compliance with host community fund rules
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has stepped up enforcement of the Host Community Development Trust framework. Operators and licensees are now required to comply with a mandatory three per cent annual contribution to host community funds. The introduction of a digital portal aims to improve transparency and accountability in the process. Key stakeholders have expressed support for these measures to ensure that petroleum-producing communities benefit directly.
TLDR
- The NMDPRA is enforcing the three per cent annual contribution to host community funds as mandated by the Petroleum Industry Act 2021.
- A new digital portal has been launched to facilitate registration, project tracking, and compliance reporting for the Host Community Development Trust.
- Dr Mustapha Lamorde and Dumnamene Dekor highlighted the importance of transparency, governance, and sustainable development for host communities.
- Stakeholder engagement aims to foster collaboration and ensure that oil-producing communities receive lasting benefits.
- Community representatives, like Chief Barry Mwara, welcomed the initiative and called for strong oversight to ensure proper fund management.
