PIB: Wike wants 10 per cent allocation of revenue to oil-bearing communities

Gov. Nyesom Wike of Rivers on Thursday advocated that the Petroleum Industry Bill (PIB), currently before the National Assembly, should allocate 10 per cent oil revenue to host communities.

Wike made the call when members of the National Assembly Committee on PIB visited him at the Government House, Port Harcourt.

He said it was necessary that the bill specified, in clear terms, developmental projects that the allotted fund should be spent on, to actualise the goal and demands of the host communities.

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