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Politics Of Oil, Solid Minerals …A Case Of Numbers Being Strength
The agitation for economic integration, political relevance and environmental protection by individuals and interest groups within the Niger Delta did not start today. Before it snow-balled into full-blown insurgency, well-meaning elite and indeed political and environmental activists had at various times made the case for the respect of the universal law on land ownership and why Nigeria’s Land Use Decree was an enactment of oppression.
Men like Chief (Senator) Melford Okilo, Chief Harold Dappa Biriye and Ken Saro Wiwa among others of blessed memory were civil in their agitations, arguments that drew global support for their noble cause. They insisted that the act of denying land owners proceeds of their inheritance was barbaric, suffocating, marginalizing and indeed oppressing.
Even with facts of history on the issue of derivation, the level of environmental hazards occasioned by oil prospection and production, the pollution of the people’s rivers and swamps, the threat to their major occupations, fishing and farming and above all, the discrimination against the youth of the affected areas, the political class weighed heavily in favour of the majority tribes dismissed the people’s agitation with a wave of the hand.
So frustrating, even the issue of derivation was also politicised. Infact, it was a case of persistent civil protest from one government to another, both civilian and military. At some point under the Buhari military leadership, derivation was as low as 1.5 percent, even with all the environmental degradation suffered by the people.
What was most annoying was that the people of the rural areas, where, oil was daily being drilled, saw electricity light in house-boats and estates of oil companies but used kerosene lamps.
The people saw oil company workers drinking bottled water and threw the wastes into their rivers, which also obstructed fishing, but drank from wells and sometimes stagnant water.
That two-class syndrome also ignited the vulnerability of the girl-child, who became play thing for highly paid oil workers. The freebies such vulnerable girls got from the predatory pastime of the red-eyed workers encouraged easily prostitution and sent many out of schools.
Employment of the males was also a pipe dream. Each oil company involved in the production of oil went to the rural communities with their own work force, and ensured sustenance of the status quo by manipulating posting of youth corps members from their own tribes who are eventually employed, instead of the qualified many within the community and state.
Even the Act providing low level jobs for locals was observed in the breach. With that, the frustrated youth thus became mere tools in the hands of oil workers, to whom they served as pimps, for cutting grass at the estates of the companies, sparingly as night guards and at other times for clearing of gutters.
Interestingly, because operational modus was signed directly with the Federal Government, the oil bearing communities, with all their environmental stakes were insulated from the operations or got peanuts. Like the proverbial man surrounded by water with none to drink, the Niger Delta youth saw unbridled affluence and financial rascality daily flaunted by oil workers to lure their sisters, aunts and even mothers out of matrimony, but could not touch.
That indeed further fuelled the violent agitation. With nothing to rely on for sustenance, since their rivers and seas were covered by oil wastes and sometimes leaks from their pipes with devastating effects on all sea creatures, sea foods like periwinkles, oysters, shrimps and mangrove crabs among others daily exterminated by pollutants and with no hope of change, what was once a civil debate, humble protest, mature agitation and simple appeal by the elite turned to violent threats, militancy and insurgency.
The major demand became Resource Control, and arrangement which would allow the people and governments of oil producing communities and states to control the resources from their God-given land, as obtains everywhere in the free world. The youth wanted true and practical federalism which would force states to pay taxes through the management of their own resources.
But for over 50 years, that simple request remains unanswered. Each time, their protestation turned to a violent kind, given that a hungry man is near-frequently an angry man, the oppressors would demonstrate their heavy handedness through the deployment of arms and ammunition to quell any insurrection while the central issue remained unsolved.
In all these years, the argument put forward by the political elite of the majority North and their South Western collaborators has been that oil is a gift from God and so belongs to all, therefore, primary owners of the land, being Nigerians, cannot lay claim of singular ownership to such resources. According to them, since the treasure remained buried beneath the land, within Nigerian geographical space, it belongs to all Nigerians, and so must be centrally manage, as if the Niger Delta became Nigeria by choice.
With that conclusion, proceeds from oil go faraway Abuja to sustain even states that contribute little or nothing, apart from being lucky to be under the protection of the majority.
That is also why the Petroleum Industry Bill (PIB) has not been passed for nearly six years. Part of the bill seeks to make paltry allowance for oil bearing communities, not just to give them a sense of belonging but also instill in them the need to protect oil company assets located in their arears, since they are direct beneficiaries.
That too appears to the strong majority opposition too much of a sacrifice, since oil is simply a gift from God. But to whom? The same God that gave the North more fertile land for agricultural and livestock activities and rivers and swamps to Rivers, Bayelsa, Delta, Akwa Ibom, Cross River, Delta, Edo, among others for fishing? With such rivers, seas and swamps polluted by production of a commodity that now belongs to all, would the North also willingly share proceeds of their agricultural earnings?
Each time these questions are raised, the answer has remained the same. Oil, being buried beneath the land within Nigeria’s territory, remains a gift from God. But in their comfort zone, they forget that those who make peaceful change impossible make violent change inevitable, as the sages say.
Could that have accounted for the large scale insurgency under the Yar’Adua Presidency and subsequent pronouncement of amnesty? Unfortunately, all other projects that went with the amnesty, especially the East West Road still remain uncompleted. Still too much infrastructural deficit. Still too much discrimination against qualified manpower of Niger Delta origin.
Bottomline, Niger Deltans cannot claim benefits from their own lands, because everything sourced therefrom is a gift from God, and belongs to all.
That is why it came to me as a rude shock last week, to read that the Adamawa State Government, in Northern Nigeria is to start exporting solid minerals including uranium, gold, lead, diamond and platinum, according to that state’s Commissioner for Solid Minerals, Shanti Shashi.
Infact, Commissioner Shashi said BTP, a Swiss company has signed a $56bn contract for solid minerals exploration in a very short while.
When did gold, lead, diamond, platinum and uranium become cash crops? What different law excludes these products, buried beneath the land as Gift from God? Or is it simply a green light for resource management and control?
It is most unlikely, because even as recent as last week, President Muhammadu Buhari alluded to the fact that with all the talk about diversification of the economy, oil production still remains the mainstay of the Nigerian economy, and so would do everything humanly possible to improve production and by extension, improved earnings.
My Agony is that it is very likely that the policy of resource control would come into effect, now through the back door, and later officially only when oil in the Niger Delta dries up completely. That will be when, Borno State begins oil production in large quantities.
Here, perhaps is a window for state governments in oil bearing Niger Delta to go into partnerships with willing foreign investors to start oil prospection and production before oil dries up.
Let’s not dismiss this merely as view thought out in recession, with a near empty stomach. It is a window shut for over 50 years of oil exploration.
Soye Wilson Jamabo
President Bola Tinubu yesterday signed into law four tax reform bills aimed at transforming Nigeria’s fiscal and revenue framework.
The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
They were passed by the National Assembly after months of consultations with various interest groups and stakeholders.
The ceremony took place at the Presidential Villa, yesterday.
The ceremony was witnessed by the leadership of the National Assembly and some legislators, governors, ministers, and aides of the President.
The presidency had earlier stated that the laws would transform tax administration in the country, increase revenue generation, improve the business environment, and give a boost to domestic and foreign investments.
“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Special Adviser to the President on Media, Bayo Onanuga said on Wednesday.
Before the signing of the four bills, President Tinubu had earlier yesterday, said the tax reform bills will reset Nigeria’s economic trajectory and simplify its complex fiscal landscape.
Announcing the development via his official X handle, yesterday, the President declared, “In a few hours, I will sign four landmark tax reform bills into law, ushering in a bold new era of economic governance in our country.”
Tinubu made a call to investors and citizens alike, saying, “Let the world know that Nigeria is open for business, and this time, everyone has a fair shot.”
He described the bills as not just technical adjustments but a direct intervention to ease burdens on struggling Nigerians.
“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet,” Tinubu wrote.
According to the President, “They will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.”
He added that the long-standing burden of Nigeria’s tax structure had unfairly weighed down the vulnerable while enabling inefficiency.
The tax reforms, first introduced in October 2024, were part of Tinubu’s post-subsidy-removal recovery plan, aimed at expanding revenue without stifling productivity.
However, the bills faced turbulence at the National Assembly and amongst some state governors who rejected its passing in 2024.
At the NASS, the bills sparked heated debate, particularly around the revenue-sharing structure, which governors from the North opposed.
They warned that a shift toward derivation-based allocations, especially with VAT, could tilt fiscal balance in favour of southern states with stronger consumption bases.
After prolonged dialogue, the VAT rate remained at 7.5 per cent, and a new exemption was introduced to shield minimum wage earners from personal income tax.
By May 2025, the National Assembly passed the harmonised versions with broad support, driven in part by pressure from economic stakeholders and international observers who welcomed the clarity and efficiency the reforms promised.
In his tweet, Tinubu stressed that this is just the beginning of Nigeria’s tax evolution.
“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria.
“A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity,” he stated.
He further acknowledged the contributions of the Presidential Fiscal Policy and Tax Reform Committee, the National Assembly, and Nigeria’s subnational governments.
The President added, “We are not just signing tax bills but rewriting the social contract.
“We are not there yet, but we are firmly on the road.”
The Senate has issued a 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) over its failure to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over ?210 trillion in its audited reports from 2017 to 2023.
Despite being summoned, no officials or external auditors from NNPCL showed up yesterday.
However, representatives from the representatives of the Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission and Department of State Services were present.
Angered by the NNPCL’s absence, the committee, yesterday, issued a 10-day ultimatum, demanding the company’s top executives to appear before the panel by July 10 or face constitutional sanctions.
A letter from NNPCL’s Chief Financial Officer, Dapo Segun, dated June 25, was read at the session.
It cited an ongoing management retreat and requested a two-month extension to prepare necessary documents and responses.
The letter partly read, “Having carefully reviewed your request, we hereby request your kind consideration to reschedule the engagement for a period of two months from now to enable us to collate the requested information and documentation.
“Furthermore, members of the Board and the senior management team of NNPC Limited are currently out of the office for a retreat, which makes it difficult to attend the rescheduled session on Thursday, 26th June, 2025.
“While appreciating the opportunity provided and the importance of this engagement, we reassure you of our commitment to the success of this exercise. Please accept the assurances of our highest regards.”
But lawmakers rejected the request.
The Committee Chairman, Senator Aliyu Wadada, said NNPCL was not expected to submit documents, but rather provide verbal responses to 11 key questions previously sent.
“For an institution like NNPCL to ask for two months to respond to questions from its own audited records is unacceptable,” Wadada stated.
“If they fail to show up by July 10, we will invoke our constitutional powers. The Nigerian people deserve answers,” he warned.
Other lawmakers echoed similar frustrations.
Senator Abdul Ningi (Bauchi Central) insisted that NNPCL’s Group CEO, Bayo Ojulari, must personally lead the delegation at the next hearing.
The Tide reports that Ojulari took over from Mele Kyari on April 2, 2025.
Senator Onyekachi Nwebonyi (Ebonyi North) said the two-month request suggested the company had no answers, but the committee would still grant a fair hearing by reconvening on July 10.
Senator Victor Umeh (Anambra Central) warned the NNPCL against undermining the Senate, saying, “If they fail to appear again, Nigerians will know the Senate is not a toothless bulldog.”
Last week, the Senate panel grilled Segun and other top executives over what they described as “mind-boggling” irregularities in NNPCL’s financial statements.
The Senate flagged ?103 trillion in accrued expenses, including ?600 billion in retention fees, legal, and auditing costs—without supporting documentation.
Also questioned was another ?103 trillion listed under receivables. Just before the hearing, NNPCL submitted a revised report contradicting the previously published figures, raising more concerns.
The committee has demanded detailed answers to 11 specific queries and warned that failure to comply could trigger legislative consequences.
The National Association of Nigerian Travel Agencies (NANTA) said over 17 million Nigerians travelled out between 2023 and 2024.
This is as the association announced that it would be organising a maiden edition of Eastern Travel Market 2025 in Uyo, Akwa Ibom State capital from 27th to 30th August, 2025.
Vice Chairman of NANTA, Eastern Zone, Hope Ehiogie, disclosed this during a news briefing in Port Harcourt.
Ehiogie explained that the event aims to bring together over 1,000 travel professionals to discuss the future of the industry in the nation and give visibility to airlines, hospitality firms, hospitals and institutions in the South-South and South-East, tagged Eastern Zone.
He stated that the 17 million number marks a significant increase in overseas travel and tours.
According to him, “Nigerian travel industry has seen significant growth, with 17 million people traveling out of the country in 2023”.
Ehiogie further said the potential of tourism and travel would bring in over $12 million into the nation’s economy by 2026, saying it would be a major spike in the sector, as 2024 recorded about $4 million.
“The potential of tourism and travel is that it can generate about $12 million for the nation’s economy by 2026. Last year it was $4 million.
“In the area of travels, over 17 million Nigerians traveled out of the country two years ago for different purposes. This included, health, religious purposes, visit, education and others,” Ehiogie said.
While highlighting the potential of Nigeria’s tourism, he said the hospitality industry in Nigeria has come of age, saying it is now second to none.
The Vice Chairman of NANTA, Eastern Zone further said, “We are not creating an enabling environment for business to thrive. We need to support the industry and provide the necessary infrastructure for growth.”
He said the country has a lot of tourism potential, especially as the government is now showing interest in and supporting the sector.
Ehiogie emphasized that NANTA has been working to support the industry with initiatives such as training schools and platforms for airlines and hotels to sell their products.
He added, “We now have about four to five training schools in the region, and within two years, the first set of students will graduate. We are helping airlines sell tickets and hotels sell their rooms.”
Also speaking, former Chairman of the Board of Trustees of NANTA, Stephen Isokariari of Dial Travels, called for more support from the industry.
Isokariari stated, “We need to work together to grow the industry and contribute to the nation’s Gross Domestic Product.
“With the right support and infrastructure, the Nigerian travel industry has the potential to make a significant contribution to the nation’s economy.”