PIA: Host communities make fresh demands from oil companies

PIA: Host communities make fresh demands from oil companies …C0NTINUE READING HERE >>>

Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) have urged upward review of the three per cent statutory fee accruing to host communities. According to HOSTCOM, the review has become necessary in view of the present economic realities.

Dr Benjamin Tamaramiebi, the National President, HOSTCOM made the call on Tuesday in Abuja while briefing  newsmen. He said that the existing three per cent had become insignificant due to the prevalent economic realities.

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