Host Communities Development Trusts in oil-producing communities in the country have been tasked to focus on projects that would impact and uplift the face of communities in their trusts.

The National President of Host Communities of Nigeria Producing Oil and Gas, Dr Benjamin Tamaranebi, made the call while speaking at the sidelines of the Town Hall engagement with Host Communities Development Board of Trustees and Settlors in Rivers State.

The meeting, organized by the Nigerian Upstream Petroleum Regulatory Commission in conjunction with HostCom Project Management and Advisory Consult, was held in Port Harcourt.

Tamaranebi stressed that the development of the host communities would further create a win-win situation for the tripartite concerned parties of the government, oil companies and the host communities.

Fielding questions from newsmen, he stated that every trust in the oil-producing areas has been funded to translate the funds to sustainable development projects in the communities by the board of trustees.

He said, “Money has been paid to these trusts and each of these trusts has billions in their coffers. No trust in the Niger Delta has less than a billion naira in its coffers, and these funds are meant for development.”



https://punchng.com/host-communities-urged-to-invest-oil-funds-in-development-projects/