First Fiduciary partners NUPRC to host petroleum industry dialogue
First Fiduciary Limited, in partnership with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has concluded plans to host a high-level roundtable on the petroleum industry lessons and future pathways. This is coming four years after the implementation of the Petroleum Industry Act (PIA). As Nigeria’s petroleum industry continues to navigate the evolving landscape of community […]
First Fiduciary Limited, in partnership with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has concluded plans to host a high-level roundtable on the petroleum industry lessons and future pathways.
This is coming four years after the implementation of the Petroleum Industry Act (PIA).
As Nigeria’s petroleum industry continues to navigate the evolving landscape of community engagement and sustainable development, stakeholders are being called to assess the progress of Host Community Development Trusts (HCDTs).
Four years into implementation, concerns persist among host communities about the pace of development and the tangible impact of the Trusts.
- TAJBank pays 3rd dividend in 5 years, grows assets by 84%
- Invest now, FIRS tells MSMEs with less than N50m turnover
This moment presents a critical opportunity for all parties to reflect on lessons learned, identify gaps, and recommit to the core intent of the framework, fostering lasting, inclusive development in oil-producing areas.
The conference holding in Lagos on July 16, 2025 with the theme, “Four Years After the Petroleum Industry Act: Rethinking the Experience, Restating the Future,” will bring together key industry stakeholders including operators, regulators, trust board members, legal professionals, and community leaders to assess the current state of Host Community Development Trust implementation and chart a more effective and inclusive path forward.
“The industry has mastered the mechanics of Host Community Development Trust establishment,” says Oyeyemi Oke, Managing Director of First Fiduciary Limited.
Key participants at the roundtable will include upstream operators managing host community obligations; legal and compliance professionals interpreting the Petroleum Industry Act; corporate social responsibility and sustainability teams seeking effective development models; community leaders advocating for accountability and inclusion; as well as policymakers and regulators shaping the next phase of industry reform.