The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that 172 Host Communities Development Trusts (HCDTs) have been incorporated by oil and gas companies so far. Under the Petroleum Industry Act (PIA), companies are mandated to contribute three per cent of their Operating Expenditure to a Host Community Development Fund. NUPRC's Eyesan stated that the commission has been enforcing PIA provisions and has put regulations in place to streamline the process.
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