Aba News

[Aba News][bsummary]

South East

[South East Region][horlab]

People

[People][horlab]

Niger Delta indigenes to get oil blocks to stop agitations


To douse tension in the oil-rich Niger Delta, the Federal Government plans to award to indigenes of the region marginal fields’ oil blocks abandoned by the oil majors as being not commercially viable.

The plan is in line with the government’s larger objective of reducing major incidents of restiveness to about 90 per cent by next year. Over the years, there have been agitations over oil resource ownership, which have become intense with allegations that about 90 per cent of northerners own the oil blocks awarded in the country.

If the plan is implemented, the ownership structure of the nation’s petroleum assets will not only begin to change, but also empower the host region, which has for decades suffered economic deprivation and environmental degradation on account of these resources.

The Minister of State, Petroleum Resources, Ibe Kachikwu, who disclosed this yesterday in Lagos, said the plan was part of the larger “stability incentive scheme” under “a harmonised holistic development plan for the Niger Delta.”


Expatiating on the plan, Kachikwu said: “This will include creating stability incentive schemes – jobs, investments, contracting opportunities for the zone, and the use of marginal fields’ allocations to state governments and indigenes to help reduce tension and get buy-in without excluding the rest of the country.”

The minister disclosed this at the Oil and Gas Trade Group Roundtable organised by the Nigerian-British Chamber of Commerce (NBCC), to discuss “The Nigerian Oil and Gas Industry: Confronting Realities.”

Represented by the Acting Permanent Secretary, Ministry of Petroleum, John Eboigbe, the minister also promised that government would sustain institutional engagements with stakeholders in the Niger Delta region to nip agitations in the bud, while promising greater transparency in the industry’s operations.

-The Guardian


Loading...

No comments:

Entertainment

[entertainment][horlab]

Business

[Business][horlab]

Tech & Startup

[Technology][horlab]

Church Blog

[Church Blog][horlab]

Opinion

[Opinion][horlab]

World News

[world news][horlab]