A REVIEW OF THE NIGERIA UPSTREAM PETROLEUM HOST COMMUNITIES DEVELOPMENT REGULATIONS 2022
It is without doubt that the Petroleum Industry Act of 2021 has introduced far reaching legal and regulatory changes and new introductions to the oil and gas industry in Nigeria. One of such new introductions can be found in Chapter 3 of the Act. Pursuant to the said Chapter 3, the Act mandates settlor oil companies to incorporate Host Community Development Trusts.
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