An indigenous exploration and manufacturing firm, assigned the only real operatorship of the Dawes-Island Discipline in Rivers State, Petralon 54, has formally inaugurated Host Neighborhood Improvement Trusts (HCDT) for Dawes-Island communities – Ogoloma and Koniama (Okochiri and Koniju) in Okrika Native Authorities Space within the state.
By this company motion, Petralon 54, a subsidiary of Petralon Vitality, has demonstrated its dedication to regulatory compliance, accountable enterprise practices, stakeholder’s wellbeing, and neighborhood growth.
The inauguration ceremony, witnessed by main business stakeholders, included high authorities functionaries, oil business regulators, neighborhood and ladies leaders, chiefs, and representatives of the normal rulers (Amanayabos) of the host communities, held on October 22 and 23, 2025 respectively in Port Harcourt.
Welcoming company to the occasion, the founder and CEO of Petralon Vitality, Ahonsi Unuigbe stated, “instituting the HCDT is not only compliance with Part Three of the Petroleum Business Act (PIA, 2021), however an expression of our firm’s ingrained tradition of figuring out, addressing and aligning with the wants and aspiration of our stakeholders, particularly the communities internet hosting our operations.”
He added that, ‘we’re making historical past at this time by coming collectively to create a gorgeous future for the following technology and charting a path for sustainable partnership, empowerment and inclusive development with the inauguration of Improvement Belief for our host communities.’
Earlier, the chief director, Petralon 54, Uduakobong Equere stated, “at this time’s occasion displays a shared dedication to progress, fairness, and sustainability. It marks a brand new section in our collective journey – one which locations neighborhood growth, transparency, and inclusiveness on the coronary heart of extractive business operations.”
These Trusts belong to the individuals of Ogoloma and Koniama, and they’re designed to make sure that the advantages of oil and fuel operations are seen, measurable, and sustainable on the grassroot degree,’ he concluded.
In his acceptance speech, the chairman, Board of Trustees, Koniama Host Neighborhood Improvement Belief, and spokesperson for the Okochiri Kingdom, Dr. Chris Biriowu recommended the board and administration of Petralon 54 Ltd for his or her forthrightness, dedication, and curiosity within the wellbeing of the individuals of Okochiri and Koniju – the 2 communities below the Koniama HCDT.
“I’m comfortable to be part of this course of that can deliver empowerment to our individuals and growth to our neighborhood. I applaud the management of Petralon 54 for his or her transparency and noble intensions and want to guarantee the corporate of the cooperation of the individuals of Okochiri,” he confused.
Equally, the chairman, Board of Trustees, Ogoloma Host Neighborhood Improvement Belief, Chief Miebaka Tamunopekerebia described Petralon 54 Ltd as ‘a people-centric and accountable organisation with a powerful dedication to partnership and collaboration.’
“As we speak’s occasion is a milestone and redefines the connection between host communities and exploration firms. With the HCDT, a sustainable path to mutual development, shared prosperity and harmonious interplay has been created for the stakeholders within the oil and fuel sector, and we’re grateful to the federal authorities for the noble initiative that caused this growth,” he stated.
Particularly, Part Three of the Petroleum Business Act mandates operators to determine Host Neighborhood Improvement Belief (HCDT) to foster sustainable prosperity, encourage peaceable co-existence and tackle the wants of oil-bearing and impacted communities.
As a conduit for offering direct financial and social advantages to native communities, the operations of the included Belief are envisioned to advertise peace and guarantee uninterrupted petroleum operations in communities.
Dignitaries on the two-day occasion for the inauguration of the Board of Trustees for Ogoloma and Koniama Communities Improvement Trusts included Ndukwe Patrick, Everlasting Secretary, Ministry of Chieftaincy and Neighborhood Affairs, Rivers State, Olatokunbo Karimu, Assistant Director, Nigerian Upstream Petroleum Regulatory Fee (NUPRC) and Dr. Ogechi Opete, Deputy Director, NUPRC, Port Harcourt Regional Workplace, who represented Engr. Kayode Komolafe, Chief Government, NUPRC, amongst others.
