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.
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.
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