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PIB: FG to pay $600m as dividend to oil producing communities

AS the oil and gas sector in the country eagerly awaits the passage of the Petroleum Industry Bill, PIB, the Federal Government has announced that with the passage of the bill, oil producing communities will begin to receive over $600 million as annual dividends, just as the Presidency urged the National Assembly to ensure the enactment of the PIB before the end of the present administration in May.

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Bayelsa communities petition Jonathan over allege exclusion from NDDC projects

Yenagoa – Indigenes of riverine settlements of Peremabiri and Ezetu in the Southern Ijaw local government area of Bayelsa State have petitioned President Goodluck Jonathan and the National Assembly over an alleged plot by some persons to deny their communities from benefitting from the N2.5bn Niger Delta Development Commission (NDDC) projects in the state.

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