Experts urge amendment of PIA, raise concerns over Rivers crisis impact on oil production

The Concerned Energy Professionals in the Niger Delta (CEPND) have called for a revision of the Petroleum Industry Act (PIA) to enhance sustainability for host communities and attract greater investment for both the federal and state governments.

In a statement shared with NewsDirect, the group urged the federal government to prioritise these amendments. The group’s secretary, Mr Joseph Oladimeji, revealed that discussions were already underway with relevant government agencies and federal lawmakers to push for the necessary changes.

“By international standards, oil multinationals need to increase their commitment to new energy solutions and initiatives that address climate change,” he stated.

“The youth of the Niger Delta deserve a future that offers lasting opportunities. The current Host Community Development Trust (HCDT) framework is far from perfect, a point previously raised by Hon. Dekor Robinson, Chairman of the House Committee on Host Communities.”

“Niger Delta communities continue to suffer from coastal erosion, while fishing—once a major source of livelihood—has become increasingly unviable due to the effects of climate change,” Oladimeji added.

He also expressed concern that the ongoing crisis in Rivers State could hinder President Bola Tinubu’s goal of achieving a daily oil production target of two million barrels.

“As the world advances towards sustainable development goals, the Niger Delta must not be left behind. We therefore appeal to President Tinubu to take decisive action in securing a more sustainable future for the region,” the statement concluded.