Diri Demands Urgent Review of PIA to Resolve Conflicts on Petroleum Industry Trust Fund

Governor of Bayelsa State, Senator Douye Diri, has again urged the federal government to review the Petroleum Industry Act (PIA) to resolve conflicts in the Niger Delta oil-producing communities arising from implementation of the legislation.

Diri made the demand yesterday during the triple celebrations of book launch, 60th birthday, and 25th marriage anniversary of the Chairman of the state traditional rulers council, King Bubaraye Dakolo, in Yenagoa.

The governor was reacting to a comment by the Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, who said that litigations in host communities had made it impossible for them to access monies in the Petroleum Industry Trust Fund meant for their development.

Diri noted that when the PIA was a bill during the former President Muhammadu Buhari’s administration, the state presented its position that excluding the oil-producing states and local councils from the administration of host communities’ funds, as provided in the then bill, would result in a crisis.

According to him, “the PIA, as it was designed, is a time bomb because the federal government cut off states and local government councils to deal directly with communities. It is my submission that the percentage due to oil companies, conspiratorially reduced from 10 per cent to three per cent, should be reviewed.

“I also call on the federal government to immediately review the aspect where states and local governments were excluded from administering what is due to the communities. The states and councils are closer to the communities, and it was wrong to have them excluded from the administration of these communities. The current situation is a recipe for a crisis, and I urge President Bola Tinubu to review it.”

While congratulating Dakolo, who is the Ibenanaowei of Ekpetiama Kingdom, on the launch of his books, “The Pirates of the Gulf” and “The Kingfisher,” Senator Diri described the monarch as a rare king and urged the younger generation to see him as a role model.

He also described Dakolo as a literary giant who took up the challenge after his ordeal at the Nigerian Defence Academy (NDA) to fight injustice in the Niger Delta, emphasising that he has made a positive impact on the Ijaw nation and the country as a whole.

Diri, who launched the books with the sum of N100 million on behalf of the state government, directed the Ministry of Education to adopt The Kingfisher as part of the state’s secondary school curriculum.

“King Dakolo has served the Bayelsa and Ijaw nation. Dakolo and l had been together in the Ijaw struggle. He is sound and very intelligent. He is a literary giant and l urge our youths of the Ijaw nation to see him as their role model.”

In his remarks, Lokpobiri, who was the chairman at the event, congratulated Dakolo on his achievements, describing him as a man of many parts and a visionary leader.

The post Diri Demands Urgent Review of PIA to Resolve Conflicts on Petroleum Industry Trust Fund appeared first on THISDAYLIVE.

​  

  • Related Posts

    BREAKING: 10 Persons Dead In Zamfara As Mining Site Collapses

    The area where the collapse occurred is also known to be affected by banditry and related criminal activities.  ArticlesRead More 

    Nigerian Soldiers On Delta Operation Lament Poor Feeding, Allowances, Demand Removal Of Commander

    The soldiers alleged that the commanding officers rotate feeding duties monthly, but none provide satisfactory meals.   ArticlesRead More 

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    GDP Rises, Rates Fall: Why Nigerian Businesses Struggle While Exporters Cash In – Drinks and Mics 

    Capital Market professionals commiserate with United Capital Group, families of fire victims 

    Ecobank Group exits Mozambique, completes sale of subsidiary to Malawian lender

    Ecobank Group exits Mozambique, completes sale of subsidiary to Malawian lender

    FCMB extends Q3 2025 results filing, shifts October 30 deadline

    NEPZA woos U.S. investors to boost Nigeria’s free trade zones 

    Ecobank finalizes Mozambique exit with sale to FDH Bank Plc 

    NEITI calls for urgent reform of Nigeria’s solid minerals sector

    NEITI calls for urgent reform of Nigeria’s solid minerals sector

    FAAN to enforce cashless transactions at Lagos, Abuja airports

    FAAN to enforce cashless transactions at Lagos, Abuja airports

    PenCom raises capital requirement for PFAs to N20 billion

    Naira strengthens to N1,480/$1, best performance in nine months 

    Unity Bank’s merger with Providus receives shareholders’ approval

    Unity Bank’s merger with Providus receives shareholders’ approval

    NNPC posts N539 billion net profit in August

    NNPC posts N539 billion net profit in August

    Dangote Refinery sacks workers, gives reasons

    Dangote Refinery sacks workers, gives reasons

    Dangote Refinery dismisses mass layoffs reports, says company is reorganising operations 

    Detty December: Short stay apartments prices skyrocket ahead of festive rush  

    Providus Bank, Unity Bank receive shareholder approval for merger

    Billionaire Pinault Family to cut expansion plans as debt hits $8.3 billion 

    Afam 2 Power Plant adds 160MW to national grid, says Sahara Group  

    Capital Alliance divests from Aradel, sells 15% stake worth N387.1 billion in 2025 

    Kusenla Road flood caused by “technical drainage misalignment”

    Nigerian Navy opens recruitment for Basic Training School Batch 38 

    PENCOM’s new guidelines: Ambition, risks and the fine print 

    Bitcoin drops to $109K as crypto market loses $200 billion

    NIGCOMSAT, Kenyan Space Agency open talks on space partnership 

    PenCom approves Gold Receipts for pension funds in major investment reform

    EVN Expo 2025 to spotlight electric mobility as catalyst for economic inclusion and poverty reduction in Nigeria 

    Driving Nigeria’s digital economy: How payment gateways unlock billions in transactions 

    How to get a Mortgage on a N600,000 Salary 

    OpenAI unveils ChatGPT Pulse, an AI Assistant for daily updates 

    Foreign weapons imports into Nigeria rise 129% in 6 months

    TAJBank exceeds CBN’s recapitalisation requirement – Bank CEO 

    From launch to leadership: How Monica sustained zero-fee transfers for Nigerians for two years 

    FAAN to begin contactless payments at MMIA, Abuja from Sept 29 

    Alleged Breach: FCCPC withdraws case against MTN Nigeria CEO, Toriola, and others 

    OML 118: Shell and NAE acquire 12.5% stake from TotalEnergies with NUPRC approval

    First HoldCo appoints group company secretary

    First HoldCo appoints group company secretary