OWERRI—To facilitate development in the Niger Delta region, South-East and South South lawmakers have called on the Federal Government to review the ownership structure of oil wells in the country to allow for 65 per cent ownership by the people of the region.
The lawmakers also condemned the criminal and nefarious activities of herdsmen and called for the establishment of special task force drawn from the various security agencies and Neighborhood Watch in each local government area to checkmate the excesses of herdsmen and prosecute them.
They also urged the National Assembly to ensure the accelerated passage of the Petroleum Industry Bill, PIB.
According to them: “The people of the Niger Delta region should possess at least 65 per cent of the oil wells contrary to the present ownership structure where less than 10 per cent of the oil blocks belong to our people.”
They noted that the region’s development is being hindered by the present payment mode of derivative oil funds.
“There is an urgent need for the Federal Government of Nigeria to put in place adequate machinery that would ensure direct payment of derivative oil funds into the hands of Niger Delta benefiting communities,” the principal officers and members of the Houses of Assembly in the region said.
They also urged the National Assembly to ensure the accelerated passage of the Petroleum Industry Bill, PIB.
According to them: “The people of the Niger Delta region should possess at least 65 per cent of the oil wells contrary to the present ownership structure where less than 10 per cent of the oil blocks belong to our people.”
They noted that the region’s development is being hindered by the present payment mode of derivative oil funds.
“There is an urgent need for the Federal Government of Nigeria to put in place adequate machinery that would ensure direct payment of derivative oil funds into the hands of Niger Delta benefiting communities,” the principal officers and members of the Houses of Assembly in the region said.
No comments:
Post a Comment