Nigeria’s Petroleum Industry Act Review: A Policy Shift Towards Economic Growth
. . .As President Tinubu directs review of revenue retention practices by FIRS, NUPRC, Customs, others.
. . .As President Tinubu directs review of revenue retention practices by FIRS, NUPRC, Customs, others.
Delta State Governor, Rt. Hon. Sheriff Oborevwori, Monday, identified harsh and hostile operating environment, poor basic infrastructure, insecurity and policy flip flops as disincentive to both local and foreign investments in Nigeria.
The cost efficiency of gas flaring in many host communities housing both multinational coys and their operations is high in terms of both human and environmental degradation. Hon. Jonathan Ukodhiko, member representing Isoko Federal Constituency has chosen to take the bull by horn by tackling the dangerous trend where Host Communities are taken for granted when his motion, compelling oil and gas multinationals to convert gas flared to consummable electricity for the benefit of the communities, rather than waste billions of metric tonnes of flared gas, was adopted on the floor of the Green Chamber.
Although there are at least 9 oil rich states in Nigeria, none of the communities in these states can boast of having constant electricity supply, clean water, access to boreholes, topnotch health care centres, good roads or high standards of living. The Oil Multinationals from Chevron to Agip, Shell now NPDC, NNPC now NNPL etc., including the governments of each state do not add real value and meaning to the lives of the Indigenes. In this special report on Illaje, an Oil-producing community in Ondo, our uncovered investigative report reveals the continuous depiction of abject poverty and horrible living conditions in this region. The Nigerian Government and Oil Multinational are to be held responsible.