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flag Nigeria’s HCDT fund hit ₦373B, funding 536 projects in oil regions under the Petroleum Industry Act.

flag As of October 13, 2025, Nigeria’s Host Community Development Trust fund reached ₦373 billion, with 536 projects underway in oil-producing regions, funded by oil companies under the Petroleum Industry Act. flag The fund, requiring a 3% contribution of prior year operating costs, is managed by community boards and monitored via the HostComply platform. flag In Rivers State, over 10 major projects—including schools, hospitals, roads, and a water factory—were completed under the Obagi HCDT, with TotalEnergies leading implementation. flag Officials praised the initiative for improving transparency, reducing tensions, and supporting local development.

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