NNPC pledges dedication to correct utilization of PIA funds in Bayelsa communities

The Nigerian Nationwide Petroleum Firm Ltd. (NNPC Ltd.) has pledged its dedication to making sure that funds allotted beneath the Petroleum Trade Act (PIA) are successfully utilised to drive significant improvement in oil-producing communities, particularly in Bayelsa state.

This assurance was made by the Chief Upstream Funding Officer of NNPC Ltd., Mr. Seyi Omotowa, throughout a stakeholders’ engagement session with the KEFFESO Host Communities Improvement Belief (HCDT) in Yenagoa, Bayelsa.

The belief represents a number of oil-producing communities, together with Koluama 1 and a couple of, Ezetu 1 and a couple of, Foropa, Fish City, Ekeni, Sangana, Opu Okumbiri, Okumbiribeleu, and Oginibiri in Bayelsa.

Talking by means of the Deputy Supervisor, Exterior Relations at NNPC Upstream Funding Administration Providers (NUIMS), Mrs. Edith Lawson, Omotowa emphasised that the corporate stays devoted to making sure that PIA funds are directed towards essential initiatives in training, healthcare, and infrastructure.

He additionally highlighted the significance of collaboration amongst stakeholders in attaining lasting socio-economic improvement in oil-producing areas.

Petroleum Minister seeks stronger collaboration 

The Minister of State for Petroleum Sources (Oil), Sen. Heineken Lokpobiri, recommended the NNPC Ltd./FIRST Exploration & Petroleum Improvement Firm (FIRST E&P) Joint Enterprise for sustaining a strategic partnership with the host communities.

• He urged neighborhood leaders to work collectively to maintain peace and stability, stressing that with out peace, firms would wrestle to function, finally affecting the implementation of the three per cent Host Neighborhood Fund authorized beneath the PIA.
• The Chief Government of the Nigerian Upstream Petroleum Regulatory Fee (NUPRC), Mr. Gbenga Komolafe, represented by the Government Commissioner for Security, Surroundings, and Neighborhood, Captain John Tonlagha, described the institutionalization of the neighborhood improvement belief initiative as a defining second in Nigeria’s petroleum sector.

He famous that it launched much-needed governance, transparency, and accountability in host neighborhood improvement efforts.

• Equally, the Government Secretary of the Nigerian Content material Improvement and Monitoring Board (NCDMB), Mr. Felix Omatsola Ogbe, praised the KEFFESO HCDT for leveraging the PIA framework to drive sustainable improvement.
• Represented by the Board’s Director of Authorized Providers, Mr. Naboth Onyesoh, Ogbe additionally lauded the NUPRC for incorporating over 100 HCDTs to help socio-economic progress within the area.
• The Managing Director of FIRST E&P, Mr. Ademola Adeyemi-Bero, represented by Mr. John Alamu, recommended KEFFESO HCDT for fostering dialogue, collaboration, and accountability. He described the belief as a mannequin that different host neighborhood improvement initiatives ought to emulate.

In his remarks, the Chairman of the KEFFESO HCDT, His Royal Highness, Moses Theophilus, expressed gratitude to NNPC Ltd. and FIRST E&P for guaranteeing that host communities profit considerably from the PIA framework.

The discussion board concluded with a collective name for sustained collaboration amongst all stakeholders, emphasizing that the success of the PIA hinges on robust partnerships, peace, and a shared dedication to neighborhood improvement.