3 weeks ago
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The upstream assemblage regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has reported that the Host Community Development Trust Fund has risen to N373 cardinal arsenic of October 13, 2025.
The Commission besides revealed that it is presently overseeing 536 progressive assemblage improvement projects funded done the Trust crossed Nigeria’s oil-producing regions.
According to the NUPRC, the N373 cardinal money comprises N125 cardinal successful naira and $168.9 cardinal successful overseas currency contributions from lipid and state operators, known arsenic settlors.
The constitution of the Host Community Development Trust (HCDT) money is mandated nether Section 235 of the Petroleum Industry Act (PIA) 2021, which requires lipid companies operating successful big communities to allocate 3 per cent of their yearly operating expenditure from the preceding twelvemonth into these dedicated spot funds.
These funds are utilized exclusively to concern improvement projects that code the socio-economic needs of big communities, including infrastructure, education, healthcare, biology sustainability, and younker empowerment.
The PIA requires that lipid companies, successful consultation with big communities, found Boards of Trustees to negociate the funds.
These Boards are duly registered arsenic firm bodies with the Corporate Affairs Commission and oversee the implementation of projects arsenic prioritised done broad assemblage needs assessments.
While the NUPRC does not straight power the funds, it monitors their allocation and task implementation via a integer level called HostComply, ensuring compliance with statutory regulations and fostering transparency.
In a caller improvement reflecting the commission’s progressive facilitation role, NUPRC oversaw the transportation of much than 10 transformative projects and flagged disconnected an further 10 initiatives nether the Obagi Host Community Development Trust successful Rivers State, operated by TotalEnergies.
The task handover was marked by a two-day ceremonial held betwixt September 24 and 25, 2025, astatine the Ogbogu Community, Ogba Egbema Ndoni Local Government Area.
The completed projects successful Obagi see the demolition and reconstruction of two-storey schoolroom blocks with 18 UBEC-standard classrooms, a remodelled 20-bed Ogbogu Cottage Hospital, on with a caller diagnostic centre, and the upgrade of the Ogbogu Ultra Modern Civic Centre, which has a capableness for 1,200 people. Infrastructure improvements besides encompass afloat paved roads measuring 260 meters and 320 meters successful antithetic communities, operation of an Amah Bottling Water Factory with important accumulation capacities, installation of a Gas Skid Plant, and renovations of section superior schools with modern schoolhouse furnishings and facilities.
Speaking astatine the event, NUPRC main executive, Engr. Gbenga Komolafe emphasised that these projects volition heighten basal education, healthcare services, and employment opportunities.
Komolafe, who was represented by the NUPRC enforcement commissioner, Capt. John Roland Tonglagha encouraged big communities to instrumentality ownership of these assets and collaborate with upstream operators to make the lipid manufacture further and beforehand nationalist prosperity. Komolafe besides lauded President Bola Tinubu’s proactive support, which has improved concern prospects successful the upstream petroleum sector.
Also speaking, the lawman politician of Rivers State, Professor Ngozi Nma Odu, expressed restitution with the timely transportation and effectual utilisation of funds, contrasting it positively with erstwhile administrations wherever funds were often underutilised. Senator Benson Agadaga, Chairman of the Senate Committee connected Oil and Gas Host Communities, praised the affirmative interaction of the PIA successful reducing big assemblage restiveness, highlighting that bid successful the Niger Delta is cardinal to achieving Nigeria’s crude accumulation people of implicit 2 cardinal barrels per day.
The managing manager of TotalEnergies Upstream Companies Nigeria, Matthieu Bouyer, stressed that TotalEnergies was among the archetypal planetary lipid companies to afloat comply with the HCDT mandate, having created implicit 1,000 jobs and impacted much than 30,000 radical crossed much than 60 communities done the Obagi HCDT.
He described the inaugural arsenic a exemplary for sustainable assemblage improvement aligned with regulatory frameworks.
The Obagi HCDT Board of Trustees chairman, High Chief Dike Hopeson Dike, assured stakeholders of continued assemblage practice and underscored important advancement successful resolving section h2o challenges done implicit 125 solar-powered boreholes installed wrong a year.
The dependable maturation of the Host Community Development Trust Fund and the palmy execution of hundreds of projects item the NUPRC’s captious relation successful ensuring the benefits of Nigeria’s hydrocarbon resources straight construe into tan...
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