Oil companies to develop host community plan- PIB | The Guardian Nigeria News - Nigeria and World News

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The New Petroleum Industry Bill (PIB) currently before the National Assembly has proposed that oil companies operating in some communities must develop community development plan to ensure their economic growth.

The new bill obtained by the News Agency of Nigeria revealed that the companies are expected to engage with the communities to understand their specific needs.

“It has to ascertain the effect that the proposed petroleum operations might have on the host community and provide strategy for addressing needs and effects identified,” it said. “Engage with each affected host community in developing a strategy to address the needs and effects identified in the applicable host community needs assessment, ” it added.

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