The senate has asked international oil companies (IOCs)
operating in the Niger Delta region to relocate their headquarters to their
states of operation.
The upper legislative chamber passed the resolution during
plenary session on Tuesday, following the adoption of a motion sponsored by
Albert Akpan, lawmaker from Awka Ibom.
There have been calls by the oil-producing states for the
relocation of the IOCs and their subsidiaries from Lagos and Abuja to the
south-south region.
In March 2017, Vice-President Yemi Osinbajo also lent his voice to the matter, noting that it will mitigate tension in host communities.
Leading the debate on the motion on Tuesday, Akpan said the
relocation of the IOCs to their host communities will facilitate development in
the areas.
He said the IOCs ought to relocate to the region, because
they once operated there before they left “due to some reasons”.
“The companies attributed their operation outside their host
communities to insecurity and hostilities in the host communities,” he said.
“Their operation
outside of host communities and operational base accounted for the high cost of
oil and gas production.
“This is a big setback 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.”
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See them.. Another tactics to wipe off the company's earning as tax and yet we won't see any changes in the country oil price.. We await you people in 2023.
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