Youths Alert On Diversion, Sabotage Of Nigeria’s Crude Oil

March 3, 2021
14 Views

By JONATHAN NDA- ISAIAH, Abuja

Ethnic youth leaders have raised the alarm over the alleged diversion and sabotage of Nigeria’s crude oil by Shell Petroleum Limited.

In a press conference in Abuja, the the council, which is made up of the Arewa Consultative Youth Movement, Ohanaeze Ndi Igbo Youth Movement, Niger Delta Youth Council, Oduduwa Youths and Middle Belt Youths,  stated that it is a known fact that Nigeria can be correctly referred to as a mono economy.

ADVERTISEMENT

President Middle Belts Youth Council, Godwin Meliga who read the speech on behalf of the council further explained that crude oil is the  major source of revenue and foreign exchange.

According to him, anything that affects this sector negatively affects the entire economy and threatens the life of the poorest homes in our country.

He further stated that when revenue drops, government will be unable

to execute the beautiful projects in the budget and this ultimately reflects in the

state of the  nation as government will be unable to discharge its

function and responsibilities to the citizens.

He said, “In the oil sector, government has over the years tried its

best to increase local content by encouraging indigenous companies to enable them play

significant roles particularly in the upstream sector which was hitherto

totally controlled by international oil companies.

“The absence of Nigerian players in this sector meant that there was likelihood that Nigeria

will be ripped off by some of the international oil companies for their own benefits  or even those of their parent countries.

“This is particularly the case of Shell Petroleum Development Company

Limited, Shell Nigeria Exploration and Production Company Limited,

Shell  Western Supply and Trading Limited, Shell International Trading

and  Shipping Company Limited and their parent company Royal Dutch

shell Plc, all of which operate in and around the Nigerian Oil sector

in different forms and arrangements.

“For the purpose of this text and for the convenience of its

understanding, we shall be referring to these companies as Shell to

represent each and all of the entities and their interests,” he stated.

You may be interested

News

Land dispute: Stop provoking us! Abia community warns Imo neighbours 

admin - April 22, 2021

Land dispute: Stop provoking us! Abia community warns Imo neighbours  Posted by News Express | 21 April 2021 | 117…

Pantami attends FEC meeting, FG keeps mum on calls for his removal 
News
1 views
News
1 views

Pantami attends FEC meeting, FG keeps mum on calls for his removal 

admin - April 22, 2021

Pantami attends FEC meeting, FG keeps mum on calls for his removal  Posted by News Express | 21 April 2021…

Senate investigates alleged killing of Nigerians in Togo 
News
1 views
News
1 views

Senate investigates alleged killing of Nigerians in Togo 

admin - April 22, 2021

Senate investigates alleged killing of Nigerians in Togo  Posted by News Express | 21 April 2021 | 160 times •Senate…

Leave a Comment