Business

172 Host Community Trusts Incorporated Under PIA, Says NUPRC

The Whistler Newspaper 30 Aug

Nigeria

172 Host Community Trusts Incorporated Under PIA, Says NUPRC — Sources: The Whistler Newspaper

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says 172 Host Communities Development Trusts (HCDTs) have been incorporated by oil and gas companies (settlors) so far. Under the Petroleum Industry Act, oil and gas companies are mandated to contribute three per cent of their Operating Expenditure (OPEX) of the preceding financial year to a Host Communities […] 172 Host Community

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