NUPRC Registers 172 Host Community Development Trusts, Enforces 3% Oil Levy

The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has formally registered 172 Host Community Development Trusts, a move that enforces the 3 % oil levy required of oil companies operating in the country. The levy, mandated by federal law, is earmarked to fund community development projects in host areas. With the trusts now in place, oil firms must remit the levy directly to the designated trusts, ensuring that the funds are managed locally and used for community initiatives. The registration provides a clear legal framework for the collection and allocation of the levy, aiming to improve transparency and accountability in the oil‑sector contribution to local development.