Host Communities Of Nigeria Producing Oil And Gas
Giving a breakdown of the N28.58 trillion remitted to the Federation Account, NEITI noted that mineral source contributed the highest sum of N18.15 trillion, after deductions for joint venture cash calls and subsidy claims.
Dagogo who represents Degema/Bonny at the House of Representatives said the oil company's contemptuous disregard for laid down rules has gravely undermined the economy of the country that is reliant on oil revenues from the region
India has reportedly increased its crude oil imports from Nigeria, Iraq, Saudi Arabia, and the United States as two of its major oil suppliers Iran and Venezuela are facing sanctions by the US.
Dagogo cautioned Total against the planned relocation, warning that the move has the propensity 'to flame the already worsening unemployment situation in Rivers state in particular, and the Niger Delta region at large'.
Worried by the continued influx of fake and sub-standard cylinders into Nigeria, a cooking gas advocate has warned that Nigerian homes may start experiencing `bomb-like’ explosions in their kitchens soon, caused by fake cylinders.
The economic arguments for the removal of petroleum subsidies are sound to release the squandering of resources to fund other critical areas, like education, healthcare and infrastructure.