05 Dec 2024

NUPRC AND NBC COLLABORATE TO EMPOWER COASTAL COMMUNITIES THROUGH WORKSHOP ON PETROLEUM INDUSTRY ACT REGULATIONS

The Nigeria Upstream Petroleum Regulatory Commission (NUPRC), in collaboration with the Nigerian Boundary Commission (NBC) and other stakeholders, hosted a workshop on littoral (coastal) communities.

The event aimed to enhance understanding of the newly gazetted regulations under the Petroleum Industry Act (PIA), especially the Host Community Development Trust (HCDT). The HCDT framework is designed to ensure that Oil and Gas operations benefit local communities, promoting sustainable development and mitigating the environmental impact of resource extraction.

Key topics included regulations for managing environmental remediation, Gas flaring reduction, and the establishment of funds for community development and decommissioning of oil facilities. The workshop also explored alternative dispute resolution mechanisms to resolve conflicts between Oil producers and host communities more efficiently.

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