The Senate Joint Committees on Petroleum Industrial Bill has conceded 5 per cent to Host Communities in the Petroleum Industrial Bill.
This was stated in the report of the Joint Committees on Petroleum Industrial Bill, which is under consideration in the Senate.
The lawmakers were as at press time in a closed door session with the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, and the Minister of State for Petroleum Resources, Timipre Sylva, for further clarification on the bill.
The Bill will be debated by the lawmakers after the closed door session.