Relocate To Niger Delta Region, Nigerian Senate Tells Multinational Oil Companies

International oil firms working within the Niger Delta area have been requested to relocate their headquarters to their states of operation. 

The Senate made this request in its decision handed throughout plenary on Tuesday following a movement sponsored by a lawmaker from Akwa Ibom, Albert Akpan. 

Relocate To Niger Delta Region, Nigerian Senate Tells Multinational Oil Companies 2

Major oil and gasoline firms working within the Niger Delta had moved their headquarters and operational bases to Lagos State, because of the incessant safety crises and restiveness pervading the oil-rich area.

But the Senate mandated its committees on Petroleum Resources Upstream; Downstream Petroleum Sector and Gas to work with the Ministry of Petroleum Resources and the Presidential Implementation Committee on the Petroleum Industry Act to facilitate the relocation.

There have been calls by the oil-producing states for the relocation of the IOCs and their subsidiaries from Lagos and Abuja to the south-south area.

Vice-President Yemi Osinbajo had in March 2017, additionally had backed the controversy, stating that it’ll cut back pressure in host communities.

Speaking on the movement throughout plenary, Akpan stated the relocation of the IOCs to their host communities will facilitate growth within the areas.

“The Senate is concerned that multinational and Nigeria oil and gas companies have over the years been operating from their respective operational bases until militancy and insecurity in the host communities in the Niger Delta became the order of the day,” he stated.

“Also, the rationale proffered by the oil and gasoline firms for not relocating to their host communities has at all times been as a consequence of insecurity and hostilities.

“Operating exterior the host communities and the operational base is the rationale for the excessive price of manufacturing which has been the bane of the nation’s oil and gasoline business, militating in opposition to most income from crude oil and gasoline gross sales to the federation account,” Akpan stated.

Leave a Reply

Your email address will not be published.

Relocate To Niger Delta Region, Nigerian Senate Tells Multinational Oil Companies

Send this to a friend