Demerit of Petroleum Industrial Act in Niger Delta Communities

[Neobanks]

Since the inception of oil and gas operations in Nigeria there has been series of crisis across the oil and gas producing regions as a result of greed and selfish interest from different socio-cultural and political group over who control the resources. Many lives and properties have been destroyed because little money inconcated in the memorandum of understanding between the oil companies and the host communities across Niger delta of Nigeria. If the Niger delta communities can kill themselves because of little money in the memorandum of understanding between the host communities and the oil and gas companies I'm afraid of what will happen when 3% of oil revenue will allocated to the oil and gas producing communities.
If care is not taken among the host communities there will be a serious problem that will be severe among the Niger delta oil and gas producing communities

[Pi-network314159]

So many people whom are not from the Niger Delta region might not understand this thread or what you are saying, but what you are saying is true. It is just our greedy representatives like oil and gas chairman, CDC, community chiefs and other top representative of the oil and gas host community, they misbehaves whenever power comes to them. Truly if %3 out of %100 oil drill a day I given to the Niger Deltans, they might kill themselves. Because the little one they have is already causing alot of problem. Sometimes I keep asking myself that question, what if we are given more opportunities what will happen? But no matter how the case may be life goes on. For me I don't think much about oil and gas again, I as a Niger Delta man I have been waiting for company slot till date, nothing come out. all the slot given by the oil and gas company has been sold to outsiders who are not even from the host community. If you talk much you will be aprihended by saying the truth so I better stick to my btc investment than thinking of what has kept me in this situation for long. I prefer using my weekly btc allowance and other money I will get to invest in btc and secure my future than following greedy politicuans who will promise, use, disappoint and dump you for another person without thinking of how effective you have been to his administration.

[DaveNeck]

Since the inception of oil and gas operations in Nigeria there has been series of crisis across the oil and gas producing regions as a result of greed and selfish interest from different socio-cultural and political group over who control the resources. Many lives and properties have been destroyed because little money inconcated in the memorandum of understanding between the oil companies and the host communities across Niger delta of Nigeria. If the Niger delta communities can kill themselves because of little money in the memorandum of understanding between the host communities and the oil and gas companies I'm afraid of what will happen when 3% of oil revenue will allocated to the oil and gas producing communities.
If care is not taken among the host communities there will be a serious problem that will be severe among the Niger delta oil and gas producing communities

There are a few key disadvantages of the Petroleum Industry Act (PIA) in the Niger Delta region. First, it fails to adequately address the issue of pollution and environmental damage caused by the oil industry. Second, it doesn't provide adequate compensation for the communities that have been affected by the oil industry. Third, it doesn't do enough to promote sustainable development in the region. These are just a few of the criticisms that have been leveled against the PIA.

 The PIA has led to a number of negative impacts on the Niger Delta region, including vandalism and damage to property. It's true that the PIA doesn't do enough to address the concerns of the people living in the affected areas. This has led to feelings of resentment and frustration among the people who have been negatively impacted by the oil industry.