Oil & Energy
Oil Firms To Incorporate Host Communities Dev Trust

Oil companies operating in Nigeria are expected to incorporate a host community trust for social and economic benefit from petroleum operations in their host communities.
This is contained in the new Petroleum Industry Bill (PIB) obtained by The Tide in Abuja.
The aim of the trust is to foster sustainable prosperity within the host community.
The bill is a product of several years of agitation by oil bearing states over the development of oil communities by oil companies.
The new PIB said: “ Settlors (oil companies) shall incorporate a trust for the benefit of host communities for which the settlor is responsible.
“Where there is collective of settlors operating under a joint operation agreement with respect to upstream petroleum operations, the operator appointed under the agreement shall be responsible for compliance with the chater on behalf of the settlors.
“For settlors opearting in shallow water and deep offshore, the littoral communities and any other community determined by the settlor shall be host communities for the purposes of this act.”
It added that the settlor would appoint and authorise a board of trustee that would be registered by the Corporate Affairs Commission as a corporate body under the Companies and Allied Commission Act.
It noted that the name of the corporate body to be registered would be “Host Community Development Trust”.
The new bill noted that settlor would determine the members of the board of trustee and criteria for their appointment.
“The membership of the board of Trustees of the host communities development trust shall be subject to the approval of the commission or the regualtory body, ‘the Authority’
“The settlor shall in determination of membership of the board of Trustees, include persons of high integrity and professional standing who may not necessarily come from any of the host communities,” it said.
It added that the members of the board would serve a term of four years in first instance, and may be reappointed for another term of four years and no more, adding that the board would also have as Secretary one that would be appointed by the settlor to keep the books of the board.
The new PIB revealed that the board of trustee would be responsible for the management of the host communities development trust, determine the criteria, process and proportion of host communities development trust fund to be alloted to specific development programmes.
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Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
This is revealed in an email communication from the Group Commercial Operations Department of the company, and obtained by Newsmen, at the Weekend.
The company explained that while gantry access is being reinstated, the free delivery service remains operational, with marketers encouraged to continue registering their outlets for direct supply at no additional cost.
The statement said “in reference to the earlier email communication on the suspension of the PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September, 2025”.
Dangote Petroleum Refinery also apologised to its partners for any inconvenience the suspension may have caused, while assuring stakeholders of its commitment to improving efficiency and ensuring seamless supply.
“Meanwhile, please be informed that we are aggressively delivering on the free delivery scheme, and it is still open for registration. We encourage you to register your stations and pay for the product to be delivered directly to you for free. We sincerely apologise for any inconvenience this may cause and appreciate your understanding,” it added.
It would be recalled that in September 18, 2025, Dangote refinery had suspended gantry-based self-collection of petroleum products at its depot. The move was designed to accelerate the adoption of its Free Delivery Scheme, which guarantees direct shipments of petroleum products to registered retail outlets across Nigeria.
The refinery stressed that the earlier decision was an operational adjustment aimed at streamlining efficiency in the downstream supply chain.
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