Highlight

Petroleum Minister orders creation of development fund for host community in Akwa Ibom

'Persecondnews reports that Ekpo also urged them to extend power supply from the flow station to the communities, so they can experience the positive impact of the company"

350

The Minister of State for Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, has urged the NNPC Exploration & Production Limited, NEPL, and Natural Oilfield Services Limited, NOSL, to prioritize the establishment and implementation of the Host Community Development Trust Fund (HCDTF) as mandated by the Petroleum Industry Act 2022.

According to Persecondnews, Ekpo also urged them to extend power supply from the flow station to the communities so that they can experience the company’s positive impact.

The minister made the appeal during an official visit to OML-13, the operational base of NEPL and NOSL in Eastern Obollo, Akwa Ibom State.

He expressed satisfaction about the company’s strong ties with the communities, which, according to him, have fostered peaceful operations.

Ekpo noted that NEPL and NOSL operations would increase the country’s gas production capacity, ensuring that the Federal Government was ready to support the company in achieving its production targets.

Speaking earlier, the management of the NEPL-NOSL disclosed that the company has a production capacity of 60,000 barrels of oil per day and 90 million standard cubic feet of gas per day, adding that the company expects to reach its full production potential before the end of the year.

The management said the company has executed several programmes and projects that have directly improved the lives and living standards of the host communities, with many more projects in the pipeline.

“We consider our host communities as critical partners, and we have given utmost attention to our community development projects (CDP). Our priority is to ensure our communities are positively impacted by being involved in our day-to-day operations.

“We have carried out numerous community development projects, including medical outreaches, scholarship grants for students in higher institutions, the provision of medical equipment to hospitals, skills acquisition training programs, construction of boreholes, roads, and bridges, distribution of school furniture, laptops, electronic tablets, transformers, and more.

“The company is planning additional community development programs for the people,” the management said.

 

Leave a comment

Related Articles

Breaking: Supreme Court Nullifies National Lottery Act

The Supreme Court on Friday nullified the National Lottery Act 2005 enacted...

NNPC Ltd. hosts NSC boss, pledges support for revitalization of Nigerian football

In a significant move to boost Nigerian football, the Nigerian National Petroleum...

Nigerian youths essential to repositioning Africa, says VP Shettima

Vice President Kashim Shettima has reaffirmed the federal government’s commitment to youth...

Just in: Simon Ekpa ‘ll be extradited to Nigeria to face charges – Defence Headquarters

The Nigerian Defence Headquarters, Abuja, has announced plans to extradite Simon Ekpa,...

NPA’s CEO Dantsoho Makes History as First Nigerian Chairman of PMAWCA

In a groundbreaking achievement, Dr. Abubakar Dantsoho, Managing Director of the Nigerian...

Save for rainy day, Federal Accountant General urges state govts, emphasizes transparency, accountability

In a bid to ensure financial stability during adverse situations and economic...

Sacked UNIZIK VC Odoh to Tinubu: You can’t fire me through press release

Sacked Vice-Chancellor of Nnamdi Azikiwe University (UNIZIK), in Awka, Anambra State, Prof....

UBA to empower MSME’s with wealth management strategies at its ‘Built to Last’ series

As part of its commitment to deepen the growth and sustainability of...

Olopade assumes office as NSC DG, promises new lease of life for Nigerian sports

Bukola Olopade had assumed office as the Director General of the resuscitated...

Amid High Inflation Rate, IMF Pledges Support for Nigeria’s Economic Reforms

International Monetary Fund (IMF) President Kristalina Georgieva and her team met with...

Nigeria’s Super Falcons Ajibade, Nnadozie, Nominated for 2024 CAF Women’s Player of the Year

The Confederation of African Football (CAF) has announced the nominees for the...

Just in: FG announces reshuffle of governing councils at FUOYE, Kogi varsity

The Federal Government has made changes to the governing councils of Federal...

Exclusive: Eguavoen Opens Up on Declining NFF Contract Extension, Reveals Reasons

Super Eagles Coach, Austin Eguavoen, has revealed why he declined the Nigeria...

Boost for Nigeria’s Oil Production As NNPC’s Utapate Crude Grade Hits Global Oil Market

In a major boost for Nigeria’s crude oil production, revenue generation, and...

Just in: FG sacks varsity Pro-Chancellor for misconduct

The Minister of Education, Dr. Tunji Alausa, has announced the removal of...

Just in: INEC presents Certificates of Return to Ondo Gov. Aiyedatiwa, deputy

The Independent National Electoral Commission (INEC) has presented Certificates of Return to...

Breaking: Senate sacks Danladi Umar, Code of Conduct Tribunal chairman  

Following proven allegations of gross misconduct and unacceptable behaviour, the Senate on...

Just in: South Africa takes over G20 Presidency from Brazil, first African nation to lead the bloc

South Africa has taken over the presidency of the G20 from Brazil,...

Tinubu submits 3 INEC REC, federal commissioner-nominees for Senate’s approval

President Bola Tinubu has sent the name of Ondo Resident Electoral Commissioner,...