Nigeria, Nov. 12 -- The House of Representatives has directed its Committee on Host Communities to investigate oil and gas companies operating in Nigeria for failing to remit three per cent of their annual operating expenditure to host communities as required by the Petroleum Industry Act (PIA), 2021.

The resolution followed the consideration of a motion moved by Hart Godwin during Wednesday's plenary.

Presenting the motion, Mr Godwin recalled that the PIA, enacted in 2021, provides a comprehensive legal, regulatory, and fiscal framework for the governance of Nigeria's petroleum industry.

A key feature of the Act is the establishment of the Host Communities Development Trust Fund, a mechanism designed to ensure that oil-bearing communi...