To Mitigate Tension in Niger Delta, Oil Companies Should Relocate – Osinbajo

To lessen tension in the oil rich region of Niger Delta, Acting President, Prof. Yemi Osinbajo has urged multinational oil companies to backtrack and relocate their operational headquarters to the region.
Osinbajo pleaded with the companies to consider relocating their headquarters to their states of operation.
It will be recalled that many companies relocated from the region to other parts of the country when militancy and kidnapping of oil workers became a recurrent decimal.
Osinbajo, who gave the directive at a Town Hall meeting in Uyo, Akwa Ibom State capital on Thursday during continuation visit to the region to dialogue with stakeholders, urged the Minister of State, Petroleum, Dr. Ibe Kachikwu to begin the process of engaging the International Oil Companies on the way forward to actualize the directive, saying “I think it is the right thing to do”.
He disclosed that the Ministry of Petroleum is also working with major oil companies on several initiatives including; working on illegal refineries to establish modular refineries to achieve the desired result.
On the Federal Government amnesty programme for ex-agitators, Osinbajo re-iterated the Federal Government stand noting that, the Ministry of Petrolum and Amnesty office are working with the state governments of the region on providing the benefits to young people in the states.
He emphasised on the importance of the Ibaka deep Sea port project, saying that the Federal Government is seriously committed to its realisation.
According to him, “Indeed as a matter of fact, in the 2017 budget there is already a provision for the Ibaka port. There is already N1bn provision. It is a matter we take seriously to partner with the Akwa Ibom State Government”.
He urged state governments in the region to attract private investments in their domain in order to create employment opportunities for the youths.

Author: News Editor

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