Nigerian Upstream Regulator Reports N373bn Host Community Development Fund

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed a N373 billion host community development trust fund, managing 536 projects in oil-producing regions. The fund, sourced from oil and gas operators, aims to address socio-economic needs like infrastructure, education, healthcare, and youth empowerment.

NUPRC oversees project implementation through a digital platform called HostCompli, ensuring compliance and transparency. Recent activities include overseeing the delivery of transformative projects like the Obagi Host Community Development Trust in River State, emphasizing community development and infrastructure enhancement.