Ikpeazu, while receiving the Senate and House of Representatives Joint Committee on Petroleum Industry Bill led by Senator Albert Bassey at Government House, Umuahia, said that Abia oil-producing communities have remained peaceful more than other oil-producing communities in the country, stressing that the peaceful disposition of the communities should serve as a model for the compensation of oil-producing communities.
The governor lamented that the oil exploration and production companies who do business in Abia do not pay taxes to the state, but rather reside in neighbouring states where they pay their taxes. He said, “Even though the oil companies receive unfettered cooperation from the oil-bearing communities in Abia State, you will not notice one signboard of any company anywhere. They don’t live here, they don’t pay taxes here. They come, dropped in Coaster buses led by heavily armed soldiers from Port Harcourt every day and they leave after work by 4p.m., leaving the communities to their fate.
Earlier, the leader of the delegation, Senator Akpan said that the delegation was divided into five committees covering various NDDC states and that his committee covering Abia and Imo states were in the state to get the inputs of oil-producing communities to the PIB undergoing consideration at the National Assembly.
Akpan noted that when passed into law, the Bill would create a trust fund for the oil host communities without government interference, stressing that the Bill also places responsibility on the oil host communities to protect the assets in their localities to create the necessary balance and stability.All rights reserved.