Quote from: Neobanks on Today at 12:53:48 AM

Since the inception of oil and gas operations in Nigeria there has been series of crisis across the oil and gas producing regions as a result of greed and selfish interest from different socio-cultural and political group over who control the resources. Many lives and properties have been destroyed because little money inconcated in the memorandum of understanding between the oil companies and the host communities across Niger delta of Nigeria. If the Niger delta communities can kill themselves because of little money in the memorandum of understanding between the host communities and the oil and gas companies I'm afraid of what will happen when 3% of oil revenue will allocated to the oil and gas producing communities.
If care is not taken among the host communities there will be a serious problem that will be severe among the Niger delta oil and gas producing communities

There are a few key disadvantages of the Petroleum Industry Act (PIA) in the Niger Delta region. First, it fails to adequately address the issue of pollution and environmental damage caused by the oil industry. Second, it doesn't provide adequate compensation for the communities that have been affected by the oil industry. Third, it doesn't do enough to promote sustainable development in the region. These are just a few of the criticisms that have been leveled against the PIA.

The PIA has led to a number of negative impacts on the Niger Delta region, including vandalism and damage to property. It's true that the PIA doesn't do enough to address the concerns of the people living in the affected areas. This has led to feelings of resentment and frustration among the people who have been negatively impacted by the oil industry.