Yemi Osinbajo directs oil companies to relocate headquarters to the Niger-delta region

Nigeria's action Acting President, Prof. Yemi Osinbajo (SAN), has directed the International Oil Companies operating in the Niger-Delta region to relocate their headquarters to their States of operation to mitigate tension in host communities. 

Osinbajo gave the directive at a Town Hall meeting in Uyo, Akwa Ibom State capital on Thursday during continuation visit to the region to dialogue with stakeholders.

The Acting President urged the Minister of State, Petroleum, Dr. Ibe Kachikwu to begin the process of engaging the International Oil Companies on the way forward to actualize the directive, saying “I think it is the right thing to do”. 

He disclosed that, the Ministry of Petroleum is also working with major oil companies on several initiatives including; working on illegal refineries to establish modular refineries to achieve the desired result. 

On the Federal Government amnesty programme for ex-agitators, Osinbajo re-iterated the federal government stand noting that, the Ministry of Petrolum and Amnesty office are working with the state governments of the region on providing the benefits to young people in the states.

He emphasized on the importance of the Ibaka deep Sea port project, saying that, the Federal Government is seriously committed to its realization. #

According to him, “Indeed as a matter of fact, in the 2017 budget there is already a provision for the Ibaka port. There is already N1billion provision. It is a matter we take seriously to partner with the Akwa Ibom State Government”.

Acting President Osinbajo urging state governments in the region to attract private investments in their domain in order to create more employment opportunities for the youths.