Breaking!!! Senate urges oil and gas companies to move to Niger Delta

Oil and gas companies are being urged to relocate to the Niger Delta by the Senate.

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oil and gas companies move to Niger Delta
Senate urges oil and gas companies to move to Niger Delta

The Senate has asked oil and gas companies to move to the Niger Delta to ensure smooth operations.

This came after Sen. Albert Akpan (PDP-Akwa Ibom) had his motion adopted in plenary on Tuesday.

Akpan, in his lead debate said that the companies have over the years operated from their respective operational bases in Niger Delta before they relocated due to some reasons.

The Statement Reads; 

“The companies attributed their operation outside their host communities to insecurity and hostilities in the host communities.

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“Their operation outside of host communities and operational base accounted to the high cost of oil and gas production,” he said.

“This is a big set back to the country’s oil and gas industry and it is militating against maximum revenue from crude oil and gas sales to the federation account,” he said.

Akpan said that the eventual relocation of the companies to their host communities would further boost development in the areas and enhance corporate social relationship and strengthen the nation’s collective resolve to reduce the contentious cost of production in the oil and gas sector.

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TrueTalk Nigeria

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