Home News PIB: Sending 3 Percent Shares Directly To Host Communities Will Cause Crisis – Wike
News

PIB: Sending 3 Percent Shares Directly To Host Communities Will Cause Crisis – Wike

Share
PIB: Sending 3 Percent Shares Directly To Host Communities Will Cause Crisis – Wike | Daily Report Nigeria
Share

Governor Nyesom Wike of Rivers State has said there is need for government to monitor how communities spend the 3% equity shares contained in the recently signed petroleum industry act in order to avoid cisis.

Speaking on Channels TV Sunrise daily on Tuesday, Governor Wike said if communities are left unchecked on how the 3% shares is utilized, there may be crisis.

In the governor’s word “I was thinking that government should have a hand in monitoring the spending of such funds. That’s my own thinking. Not just to allow it. I do agree you don’t need to pay to government but paying to the host community and leaving them alone will cause a lot of crisis.

Also Read: PANDEF Condemns President Buhari For Assenting To PIB

“There should have been someone to checkmate the communities in order not to have crisis.

“I can assure you that sending that money to the communities for them to spend for development purposes I have no problems but how do you checkmate the use of that fund?

“I can tell you knowing the IOCs very well, what they will do is to sponsor crisis for them not to send such funds to them,”

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Ph.D holder works as cleaner in Nigerian university, seeks intervention | Daily Report Nigeria
News

Ph.D holder works as cleaner in Nigerian university, seeks intervention

A 45-year-old Ph.D. holder in Mathematics, Dr. Enyi Onyebuchi, is working as...

Death Toll in Plateau Attacks Rises to 52 | Daily Report Nigeria
News

Death Toll in Plateau Attacks Rises to 52

The death toll in attacks by gunmen in Plateau State has risen...

How Hyenas Almost Ate Me In Kidnappers’ Den – Ex-NYSC DG Narrates | Daily Report Nigeria
News

How Hyenas Almost Ate Me In Kidnappers’ Den – Ex-NYSC DG Narrates

Former NYSC boss, Maharazu Tsiga has recounted his experience in the hands...

'Leave Lagos, Go To Your State Of Origin' - Reno Omokri Tackles Angry Lagosians | Daily Report Nigeria
News

‘Leave Lagos, Go To Your State Of Origin’ – Reno Omokri Tackles Angry Lagosians

Reno Omokri has dropped his two cents concerning recent backlash received by...