Lawmaker calls for relocation of oil companies to states of operations

Lawmaker calls for relocation of oil companies to states of operations

- A lawmaker of the House of Representatives, Farah Dagogo, has urged the federal government to mandate oil companies to relocate to their states of operation

- The lawmaker, in a motion on the floor of the House, also called on the federal government to liberalize investment in solid minerals

- According to Dagogo, the relocation would afford the oil companies and its regulators to have a first-hand experience of 'obnoxious and heinous policies'

The House of Representatives on Wednesday, November 13, called on the relocation of oil companies operating in Nigeria to their various states of operation.

In a motion, the lawmakers directed that all headquarters of oil and gas companies operating in Nigeria and its regulators to states where they have dominant operations is before the House of Representatives.

The lawmaker representing Degema/ Bonny Federal Constituency from Rivers state, Farah Dagogo, submitted the motion to the leadership of the House alongside another motion, urging the federal government to liberalize investment in solid minerals.

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Dagogo said the motion on relocation is fundamental as it would afford the oil companies and its regulators to have a first-hand experience of 'obnoxious and heinous policies' they have visited on 'oil-bearing communities and states.

He said such policies are 'now languish with devastation resulting from oil exploration activities'.

In a statement by his special assistant on media and publicity, Ibrahim Lawal, the lawmaker who met with executives of the Parliamentary Staff Association of Nigeria (PASAN) in his office expressed deep concerns that the activities of the oil companies have not only been detrimental to the environment where they operate but have also exposed the inhabitants of the affected communities and states to damaging health hazards.

Dagogo said the oil companies have relocated their operational headquarters from these areas where they have committed loads of atrocities to supposed safe havens.

He also said that revenues, job employments, tax applicable to the states and other benefits that could be used to assuage those affected by these practices are rather hosted in cities far from their exploitations.

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Dagogo said: "As a representative of those affected by these injustices, they have asked me to speak and I have started the process and I'm confident my colleagues in the House will key into it because it is all about the people."

Lawmaker wants oil companies to relocate to states of operations

The lawmaker in a motion also called on the federal government to liberalize investment in solid minerals
Source: UGC

Regulators of the Oil and Gas companies expected to be affected by the relocations include Department of Petroleum Resources (DPR), National Petroleum Investment Management Services (NAPIMS), the Products and Pipelines Marketing Company (PPMC) and Nigerian Petroleum Exchange (NIPEX).

Dagogo explained that the motion on liberalizing investment in Solid Minerals would enable the country to not only diversify from its mono-economy status but create employment and revenues that could be a solution to the frequent borrowing to run the country's budget.

He said Nigeria's focus should not be on only oil, but other mineral resources across the country.

"Massive employments, large scale investments and most fundamental, these incessant recourses to taking humongous loans to finance our budget will be fully addressed," he said

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Earlier, PASAN National Vice President, south south, Louis Okeleke reminded the lawmaker that his ascension from the state Assembly to the National Assembly was laced with huge expectations, especially from the south south.

He encouraged the member to continually build on the enduring legacies he left at the State Assembly by pursuing impactful laws that would be beneficial to the people.

"We know of your capabilities and capacities, especially those of us from the South-South. I had the opportunity of observing you at close quarters when you were the House Committee Chairman on Education in the Rivers State House of Assembly and your performances speak volume. We expect that you would do even better at the National Assembly," he said.

Others on the entourage include Comfort Otuene, (chairman, PASAN, Rivers state), Amonia Amaso, (secretary PASAN, Rivers state) and Siso Simeon (ex-officio, south south zone).

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Meanwhile, Legit.ng previously reported that a forensic audit had shown that most of the oil companies operating in Nigeria have failed to remit revenue to the federal government.

The executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), said the audit uncovered how huge sum of money was never remitted to the Nigerian Content Development Fund (NCDF).

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Source: Legit Newspaper

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