Oil Firms Get 90-Day Ultimatum To Relocate Hqtrs To N’Delta

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Eleme residents clustering around the collapsed section of the Aleto-Eleme bridge in Rivers State, yesterday.

The Ijaw Youth Council (IYC), has issued a 90-day ultimatum to international oil companies (IOCs) operating in the Niger Delta to relocate their headquarters to the region as directed by the Federal Government or face severe consequences.
IYC President, Pereotubo Oweilaemi, who spoke at a press conference, last Wednesday in Yenagoa, the Bayelsa State capital, said the relocation has become necessary in order to foster sustainable development in the oil rich-region.
The Tide recalls that the Acting President, Prof Yemi Osinbajo, had on February 13, 2017, directed oil companies operating in the Niger Delta to relocate their headquarters to the region.
“You are all aware that not too long ago, the Acting President, Prof. Yemi Osinbajo, had asked all IOCs to relocate their headquarters to the area where they produce the oil, but as we speak, the companies have in no way complied with the directive.
“We want to state it categorically that irrespective of some security challenges, this region is the safest in the country for business. There is nowhere in the country without pockets of criminal activities, but unlike the forgone past, our (Niger Delta) states are safe and very conducive for business.
“We, therefore, once again, call on the companies to, as matter of urgency, return to our area in the interest of all stakeholders.
“We cannot continue to pay the price of having our land suffer from oil exploration activities, while other states benefit from the taxes that are due to us,” he said.
Oweilaemi noted that if the oil companies relocate their headquarters to the region, more jobs would be available for the youth in the Niger Delta, which would lead to a reduction in crime.
“The 90-day ultimatum started July 12, and in no distant time, the 90 days will elapse. So, we want immediate compliance with the Federal Government’s directive,” the group’s president stated.
Oweilaemi also decried the slow pace of infrastructural development in the region, pointing out the poor state of the roads, railroads, deep sea ports, and export processing zones.
He then urged the Federal Government to fulfill its promises to the people and work to improve the region’s infrastructure.