Library / B 889 Federal Republic of Nigeria Official Gazette No. 189
B 889 Federal Republic of Nigeria Official Gazette No. 189
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B 916 “applicable law” means all applicable laws, statutes, rules, regulations, official directives, ordinance, licence, permits or orders of any competent authority (whether administrative, legislative, executive or otherwise) including judgments, orders and decrees of courts, commissions or bodies exercising similar functions in each case as is in effect from time to time; “area of operation” has the meaning ascribed to it under the Act; “Authority” means the Nigerian Midstream and Downstream Petroleum Regulatory Authority; “Board of Trustees” means the governing board of the Trust established under section 242 of the Act; “Companies and Allied Matters Act” means the Companies and Allied Matters Act, No. 3, 2020; “designated facility owner” means the owner or operator of petroleum crude oil and natural gas transportation pipelines, bulk storage tank farms, refineries and gas processing plants in midstream petroleum operations and petrochemical plants; “designated facilities” has the meaning ascribed to it under the Act; “disruptive act” means an act of vandalism, sabotage or other civil unrest that causes damage to designated facilities or disrupts petroleum operations within the host communities and includes lock out or lock down of the facility by the host community; “Fund” means the host communities development trust fund established by a licensee pursuant to the Act and these Regulations; “host community” means communities situated in or appurtenant to the area of operation of a designated facility owner or licensee and any other community as may be determined under the Act or these Regulations; “licence” means a licence issued by the Authority in respect of midstream or downstream petroleum operations; “licensee” means a holder of a licence whose area of operation is located in or appurtenant to a host community, and shall include the owner or operator of designated facilities as prescribed in the Act; “littoral community” means a community appurtenant or adjacent to Nigerian territorial waters where midstream petroleum operations are undertaken in shallow or deep water; “management committee” means the committee set up under section 247 of the Act; “midstream petroleum operations” means midstream gas and petroleum liquids operations; “NGN” means Nigerian Naira; “Trust” means the midstream host communities development trust;
RegulationsPDF20242024-1028