Business
HOSCON Seeks Implementation Of 13% Oil Derivation

The Host Communities of Nigeria Producing Oil and Gas (HOSCON) has called on the Federal Government to establish 13 per cent oils derivation presidential implementation committee and allow the host community to nominate peoples.
Its said that the peoples of the Niger Delta regions are suffering due to the non-implementation of the 13 percent derivation.
National Chairman of HOSCON, Dr Mike Emu made the call in Abuja during the 2023 Oil and Gas Stakeholders Festival with the theme: “Uniting Stakeholders-A Road Map for Energy Transition”.
He noted that the section 132, sub-section 2, cap 39 of the 1999 constitution as amended, made it very clear that 13 percent derivation is for the host community.
He said, “The Federal Government has tried. There are a number of billions that are in the budget of the Ministry of Niger Delta Affairs, talk about 13 percent derivation that goes to the Niger Delta, about 40, 50 billion every month shared to the government of the oil producing states.
The three percent PIA that has been passed into law, one year, five months now, no implementation of it, unfortunately it is set law. I wonder what is actually happening.
“I may not major on the problem of illegal refinery, pipeline vandalization, or oil theft. But the people of the Niger Delta are suffering, there is no drinking water in the creeks”.
In her remarks, the convener, Oil and Gas Stakeholders Festival, Ms Faith Wilkinson, admonished host communities to embrace change and deviate from the old methods to the new methods of transiting into a better economy.
She said, “We are having post festival training, originally the programme was designed to come with training for women and youths in the oil and gas industry in energy transition.
“But what we are trying to do is after this, we are going to have training for the women and the youths to begin to engage them on issues that are related to the industry”.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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