Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria (2798 Views)
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| Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Nobody: 8:10pm On Jul 05, 2021 |
Southern governors, on Monday, rejected the proposed allocation of at least 30 per cent of the profit generated by the proposed Nigerian National Petroleum Company Limited for the exploration of oil in ‘frontier basins’ as identified by Section 9 of the recently passed Petroleum Industry Bill. The bill will regulate the oil sector if signed by the President, Major General Muhammadu Buhari (retd.). Although the proposed law doesn’t identify the frontier basins, a statement by the President in 2019 identified the frontier basins as Chad Basin, Gongola Basin, Sokoto Basin, Dahomey Basin, Bida Basin, Benue Trough, amongst others. Currently, crude oil is obtained from eight states in the Niger Delta region which include: Abia, Akwa Ibom, Bayelsa, Delta, Edo, Imo, Ondo and Rivers States. In a communiqué issued today at the end of their meeting in Alausa, Ikeja, Lagos State, the governors commended “the National Assembly for the progress made in the passage of the PIB”. The communiqué was signed by the Governor of Ondo State and Chairman, Southern Governors’ Forum, Oluwarotimi Akeredolu, SAN. The communiqué partly read, “The Forum rejects the proposed 3% and support the 5% share of the oil revenue to the host community as recommended by the House of Representatives; “The forum also rejects the proposed 30% share of profit for the exploration of oil and gas in the basins. “The forum rejects the ownership structure of the proposed Nigeria National Petroleum Company Limited. The Forum disagrees that the company be vested in the Federal Ministry of Finance but should be held in trust by Nigeria Sovereign Investment Authority since all tiers of Government have stakes in that vehicle.” The recently passed PIB has been heavily criticised by stakeholders in Southern Nigeria with the Pan-Niger Delta Forum describing its provisions as “unjust, satanic and provocative”. https://punchng.com/breaking-southern-govs-reject-30-profit-share-for-oil-exploration-in-northern-nigeria/ |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by BSsniffer: 8:10pm On Jul 05, 2021 |
Chai....one chance. You won't hear the likes of asari dokubo or tompolo because they have been settled..... meanwhile one Niger Delta lawyer was quoting law defending the prison called nigeria. Una b mumu men... Abokis enjoying their oyel meanwhile Niger Delta youths like slowmiir have resorted to yahoo and weed smoking... sense, them no dey buy am 18 Likes 3 Shares |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Nobody: 8:11pm On Jul 05, 2021 |
Frontpage Lalasticala,Mynd44,Domnique |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Machinegun91(m): 8:12pm On Jul 05, 2021 |
This grammar is too much for a local aboki. 4 Likes |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by sweetshisha: 8:12pm On Jul 05, 2021 |
 Crude oil is the only reason for Nigerian existence North wants 5% profit for other people with oil, but want a staggering 30% profit for North Oil produce from northern river basin Well no Oil in Ibadan Oyo State Nigeria, I am also enjoying other people's resources... But the very day Oil or other resources is found in commercial quantity in Ibadan, we go harvest people head tire for attempting or thinking to own and control our resources . 6 Likes |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by iKingsley(m): 8:14pm On Jul 05, 2021 |
At least, if there is anything I would boast of Buhari's administration, it's the Southern governors' recent unity. Quite commendable 3 Likes |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by StaffofOrayan(m): 8:16pm On Jul 05, 2021 |
30% to explore for oil in the North! Imagine these greedy mofos are the owners of the oil!!! Ordinary gold they turned the region into a war zone 13 Likes 1 Share
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| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by FirstSon01: 8:19pm On Jul 05, 2021 |
As if their meetings carry weight 7 Likes |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Agbegbaorogboye: 8:19pm On Jul 05, 2021 |
Good!! I support the motion They are not only parasitic but becoming greedy Who asked you to breed like rats that you want to get 30% to spend on the unfortunate urchins that comes from your loins Since 2016 when you started your unfortunate search for oil, only 1 litre has not surfaced. Instead the phantom search ended with covid-19 Now you want to use your barren land to pilfer other people's resources May 30 gallons of oil choke you all. Parasites!! 11 Likes |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Amb1045(m): 8:22pm On Jul 05, 2021 |
Just see aboki and sense.lol 30% to use find oil in arid lands. Why you give 3%to the real oil owners. Just see this dead brains. We will pay them back with language they understand in the future. This people refuse to understand that life revolves. Power don't stay one place. Read your history, once upon a time Egypt, Roma, Greece,Germany etc was once a world power respectively. Power do change hand. 15 Likes |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Paragon311(m): 8:22pm On Jul 05, 2021 |
Obviously, these abokis are bunch of miscreants and ingrates. Already apportioning percentage of what's yet to be discovered. Playing smart I guess 13 Likes |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by realstars: 8:30pm On Jul 05, 2021 |
The Owners get 3% and the northern looters loot 30%. 14 Likes |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Nobody: 8:42pm On Jul 05, 2021 |
realstars:  |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Nobody: 8:46pm On Jul 05, 2021 |
Agbegbaorogboye:
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| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Nobody: 8:51pm On Jul 05, 2021 |
Amb1045:
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| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by techWriter2: 9:04pm On Jul 05, 2021 |
The Owners get 3 and the northn thieves loot 30 1 Like |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by FreeIgbos: 9:08pm On Jul 05, 2021 |
Way to go! We must not accept crumbs on something that actually belong to us!! 1 Like |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Nobody: 9:23pm On Jul 05, 2021 |
Go to Abuja and see how the Niger Delta resources is been spent by people that have never seen crude oil in their lives. 11 Likes 1 Share
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| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Nobody: 9:27pm On Jul 05, 2021 |
techWriter2: https://www.youtube.com/watch?v=QhUgQKibTsY https://www.youtube.com/watch?v=9JOzSzMgs7g |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Tochi3(m): 9:32pm On Jul 05, 2021 |
realstars:e go reach zombies. Sai poo'hari 1 Like |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Nobody: 9:35pm On Jul 05, 2021 |
Tochi3:100 |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Nobody: 9:39pm On Jul 05, 2021 |
Arewa boys that cruise around Abuja and Lagos in their Bugatti's,Lamborghini's,Bentleys,Ferrari's,Mercedes,BMW'S and Rolls Royce are the ones that added the 30% provision of Niger Delta oil profits. https://www.youtube.com/watch?v=xtjPeqjx0Ws |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by mytime24(f): 9:44pm On Jul 05, 2021 |
Dnt joke wit buhari when it comes to oil matters even though is groundnut oil  6 Likes |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by bayelsaowei(m): 9:52pm On Jul 05, 2021 |
Our Southern senators are useless...absolute idiots.. 4 Likes |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Nobody: 9:55pm On Jul 05, 2021 |
mytime24:Why do you think he made himself Minister of Petroleum and son of the soil Sylva, Minister of state for Petroleum. 2 Likes |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Nobody: 9:59pm On Jul 05, 2021 |
BSsniffer:Leave Slawormiir out of this!Na condition make crayfish bend. 5 Likes
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| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Nobody: 10:02pm On Jul 05, 2021 |
The whole idea is for the PIB never to be passed.. why would any sane person put 30% profit on exploration of oil in selected basins secluded to the north while 3% goes to oil communities?.. It's just a means to bring it back to the drawing board for another 10years. 7 Likes |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by FarahAideed: 10:02pm On Jul 05, 2021 |
Hmmm |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Nobody: 10:13pm On Jul 05, 2021 |
De only language Odua Terrorists understand very well is ##Pythonese language. We will giv it 2 dem very soon, PMB = Next Level, Sai Baba = 2023 Haters drink sniper 1 Like
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| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by Seakay(m): 10:27pm On Jul 05, 2021 |
Our MUMU don do!  |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by LamidiCownu: 10:51pm On Jul 05, 2021 |
sweetshisha:Bro...you so funny But those aboki get mind sha ... A staggering 30% to look for a non existent oil in Boko Haram enclave. Buhari is unarguably Usman Dan Fodio the second 5 Likes |
| Re: Southern Govs Reject 30% Profit Share For Oil Exploration In Northern Nigeria by LamidiCownu: 10:57pm On Jul 05, 2021 |
Lewisjohnson:See this loser. Don't worry . Your dream of getting a spot with the Nigerian army would come to Fruition. Guess what , Al barnawi's bullet awaits your empty head. |
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