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OML 25: Respect MoU With Communities, Wike Tells Oil Firms
The Rivers State Governor, Chief Nyesom Wike has called on oil companies to respect the memoranda of understanding signed with host communities to ensure peaceful and productive operations.
Speaking at the Government House Port Harcourt on Saturday during a Courtesy Visit by the Minister of State for Petroleum Resources, Chief Timipre Sylva, the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari and the Managing Director of Shell Petroleum Development Company (SPDC), Engineer Osagie Okunbo, the Rivers State governor declared that his administration will continue to develop the right environment for all investors to operate in the state.
“The oil companies should also respect the Memoranda of Understanding (MoU) signed with the host communities.
“As the SPDC goes in, whatever they have agreed with the communities should be implemented. If they implement it, they will do their work. If they don’t implement, there will be another round of crisis. And then, they will call government to come in.
“Ours is to make sure that people carry out their businesses in a very conducive environment. This is the role the Rivers State Government will always play”.
He said that the fundamental focus of the Rivers State Government was for the OML 25 to be operational and productive, and regretted that for over two years, the oil facility was shutdown and nobody acted.
“I don’t know the role of the security agencies in all of this. We will meet here and agree that the people should vacate the place and let Shell resume work, but the security agencies will do something else”, he said.
He noted that Rivers State was a very peaceful state where oil companies have always been supported to carry out their legitimate activities.
“We took it on ourselves to see that Shell reconciles with the communities”, he said.
Wike noted that during the days of pipeline vandalism, Rivers State witnessed the least cases of vandalism because of the security investment of the state government.
“When there was this issue of vandalism of oil facilities, Rivers State Government gave the highest support to stop it. In the Niger Delta, Rivers State had the least cases of vandalism.
“I have always supported efforts to protect national assets in the state. Anybody can tell you that. I will continue to create the right environment for investment. If I don’t do it, how will I get funds to execute key projects”, he said.
The Rivers State governor urged the Minister of State for Petroleum Resources to prevail on the APC Federal Government to execute projects in Rivers State.
In his remarks, the Minister of State for Petroleum Resources, Chief Timipre Sylva, expressed happiness that they are in the state to celebrate the return of peace to the OML 25 and the host communities.
“This is a good signal and we should deepen it. The Niger Delta has struggled for peace. We have lost more than we have gained”, he said.
He said that some people were deliberately fuelling problems for business opportunities to leave Rivers State, adding that this was the right time for all stakeholders to work for more investors in the state.
Sylva said that the successful resolution of the OML 25 conflict is a right starting point to change the narrative in Rivers State.
“Let us use this opportunity to turn a new leaf. Let us use this as a model to replicate in other communities. Oil is a depleting resource. One day, we may wake up and oil companies would have left because it is no longer profitable for them. Oloibori is an example”, he said.
He charged leaders to work to resolve all the emerging challenges to enhance development.
“Let us try and close ranks as a people and ensure that the problem is put to rest finally. We hope this will signal the beginning of a new chapter”, he said.
In an interview, the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari said that overall peace has returned to the communities.
Kyari said other aggrieved parties should present their grievances for the resolution of their concerns.
He declared that the team visited the Government House, Port Harcourt because OML 25 is situated in Rivers State and there was need to pay courtesy visit on the Rivers State governor.
It would be recalled that on June 22, 2019, Rivers State Governor, Chief Nyesom Wike, kick-started the process for the re-opening of OML 25 when he initiated a meeting between Shell Petroleum Development Company, Belema Oil, host communities and security services.
On June 27, 2019, stakeholder communities of Oil Mining License (OML) 25 in Akuku-Toru Local Government Area of Rivers State and Shell Petroleum Development Company (SPDC) agreed on the procedures for the re-opening of the oil facility during a meeting facilitated by Wike at the Government House, Port Harcourt.
Meanwhile, there were songs of rejoicing and celebrations of victory in the OML 25 communities of Belema, Offoin-ama and Ngeje communities of Kula in the Akuku-Toru Local Government Area of Rivers State on Saturday when the Minister of State for Petroleum, Chief Timipre Sylva, accompanied by the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Lolo Kyari; officials of NAPIMS, Shell Petroleum Development Company and other organs of government visited to open the OML 25 facilities occupied by Kula women who were protesting neglect from SPDC for operating in the area for over 40 years with no meaningful impact on host communities.
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.”