Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east (1903 Views)
Lagos’ Ownership Of 4 Oil Wells Approved By FG, 1 Other Disproved / Oil Wells: Niger Delta Lawmakers Insist On 65% Ownership / Oil Wells: Niger Delta Lawmakers Insist On 65% Ownership (2) (3) (4)
| Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by zubbyman: 12:02pm On Jul 18, 2016 |
The South-East and South-South lawmakers have called on the Federal Government to review the ownership structure of oil wells in the country to allow for at least, 65 per cent ownership by the people of the Niger Delta region. The South- South and South-East states Houses of Assembly stated this when they rose from their inaugural joint session at the weekend in Owerri, Imo state. The joint session had in attendance speakers and deputy speakers of Abia, Akwa Ibom, Anambra, Bayelsa, Rivers, Cross River, Delta, Ebonyi, Edo, Enugu and Imo states. They held that contrary to the present ownership structure where less than 10 percent of the oil blocks are owned by their people, the South-East and South-South people should possess at least 65 percent of the oil wells. They stressed that this would facilitate rapid development of the region as the region’s development, according to them, is being hindered by the present payment mode of derivative oil funds. Read more at: http://www.zubbyblog.com/oil-wells-lawmakers-insist-65-ownership-south-south-south-east/ 8 Likes 1 Share |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by kingivie: 12:12pm On Jul 18, 2016 |
Dis is d height of oppression. Injustice in one place is a treat 2 justice everywhere |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by creativity01: 12:16pm On Jul 18, 2016 |
It's a welcomed development if they can see to it that it's been implemented and not just in theories. It's high time these regions have a better share of their resources. The north resources are largely controlled by their indigenous people and same should be applied in all regions.... 6 Likes |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by orisa37: 1:48pm On Jul 18, 2016 |
65 percent is arbitrary. 100 percent Ownership of All Oil Wells should revert to the Governments of all locations of those Oil Wells. This will enable them revalue their Oil Wells annually and collect Rents and Rates on the Annual Valuation of the Oil Wells. They will also collect PAYE, Profits and Dividends Taxes from those Companies. And only Income tax goes to Federal Government. 8 Likes |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by 7lives: 1:59pm On Jul 18, 2016 |
[quote author=zubbyman post=47659825]The South-East and South-South lawmakers have called on the Federal Government to review the ownership structure of oil wells in the country to allow for at least, 65 per cent ownership by the people of the Niger Delta region. The South- South and South-East states Houses of Assembly stated this when they rose from their inaugural joint session at the weekend in Owerri, Imo state. The joint session had in attendance speakers and deputy speakers of Abia, Akwa Ibom, Anambra, Bayelsa, Rivers, Cross River, Delta, Ebonyi, Edo, Enugu and Imo states. They held that contrary to the present ownership structure where less than 10 percent of the oil blocks are owned by their people, the South-East and South-South people should possess at least 65 percent of the oil wells. They stressed that this would facilitate rapid development of the region as the region’s development, according to them, is being hindered by the present payment mode of derivative oil funds. |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by OlanreJohnson: 11:58pm On Jul 18, 2016 |
We yorubas don't agree with this. We want the fulanis to own 87% of the oil wells. 1 Like |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by SPOPOVICH: 2:05am On Jul 19, 2016 |
Only 65%?? |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by naijaking1: 3:01am On Jul 19, 2016 |
100% |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by raumdeuter: 3:25am On Jul 19, 2016 |
South East found a way to attache themselves to SS. Lol Attache by force 6 Likes 1 Share |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by mandax: 4:19am On Jul 19, 2016 |
They must aim at 100%. Whoever invested in oil exploration before oil started to flow in large quantities in ND has reaped the profits a million times more. |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by Nobody: 5:36am On Jul 19, 2016 |
Yoruba won't like this unity between SS and SE...like the guy above Raudeuter shouting attache by force as if former Eastern Nigeria didn't exist prior to the creation of SS and SE. 4 Likes |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by hundredhunndred: 5:52am On Jul 19, 2016 |
OlanreJohnson: Shameless Ibhoe coward. You are only bringing shame and ridicule to your coward tribe. 4 Likes |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by OlanreJohnson: 6:00am On Jul 19, 2016 |
hundredhunndred: What happen?! Why you follow me upandan. 5 Likes |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by hundredhunndred: 6:02am On Jul 19, 2016 |
OlanreJohnson: Cowards dont end well, be proud of your shameless tribe instead of bringing ridicule to them. 3 Likes |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by Pedrop: 6:06am On Jul 19, 2016 |
I wonder why an individual owns an oil well while the state suffers lack of funds. I do not knpow how oil wells are operated but i think States owning them will help those states generate enough funds and even extend helping hands to poor states. But no, instead of empowering the region with their wealth that will see them develop, Afonjas and almajiris decided to issue oil well licenses to individuals in order not to see that Eastern region develop more than theirs. Enlightenment is about to bring justice in Nigeria. Some will be happy, some will assume their right position. 4 Likes |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by Pedrop: 6:09am On Jul 19, 2016 |
raumdeuter: this decision is an outcome of a meeting held in Owerri. Is Owerri south south or did we detach Owerri from South East and attach to South South ? Afonja blood. 9 Likes |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by kossyablaze(m): 6:42am On Jul 19, 2016 |
75% jare |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by kossyablaze(m): 6:44am On Jul 19, 2016 |
hundredhunndred:Smh for u... Just look at ur signature... U really got hate in u 3 Likes |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by proeast(m): 7:25am On Jul 19, 2016 |
Gbam, now they are talking. We have been too docile in this country and now we have the country by the jugular, its either they accept or we squeze even harder till it goes limp!!! 1 Like 2 Shares |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by proeast(m): 7:34am On Jul 19, 2016 |
raumdeuter:I smell envy and frustration here. The meeting held in Owerri, South East. So who is attaching? Mind you that SE & SS are one bound by God, nature, culture, tradition, geography etc. We swim and sink together, with us being united, you guys would never exploit us again! I hope you are not starving due to the exploit of our brave boys in the creeks? Never again shall we be exploited, the oil belongs to us and we shall own it!!! 6 Likes |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by Scholes007(m): 7:52am On Jul 19, 2016 |
raumdeuter:You can keep dreaming and wallow in your childish thinking. But the truth remains your wish can never be reality. The group in south east is also found in some part of south south and there is nothing you can do about that. The bond by the indigens of that area extends beyond Nigeria and there is nothing you and your ilk can do about it except type and talk as usuall. 3 Likes |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by 99100(m): 7:52am On Jul 19, 2016 |
No to 65%, yes to 100%. In Biafra we stand. 3 Likes |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by 7inches: 8:02am On Jul 19, 2016 |
. |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by Nobody: 8:22am On Jul 19, 2016 |
proeast:The oil belongs to the federal republic of Nigeria and will remain so for a very long time |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by hundredhunndred: 9:37am On Jul 19, 2016 |
kossyablaze: GTFO, Whats wrong with my signature Mr Loudmouth. I can see you got much love in you, hypocrite. 1 Like |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by proeast(m): 9:56am On Jul 19, 2016 |
kropotkin2:Which federal republic? Then come and export it since it belongs to you. OPERATION ZERO ECONOMY TILL UNA GET SENSE!!! |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by funlord(m): 10:04am On Jul 19, 2016 |
 Bloody lawmakers! Always "insisting and ranting" but never "achieving" anything of note! **burns spliff slowly** |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by Nobody: 2:53pm On Jul 19, 2016 |
proeast:As we speak oil is being drilled in the oil fields of the delta, the proceeds of which accrue to the federation account of the federal republic of Nigeria. You own no more than 13% derivation and nothing else my friend. Its obvious your 'zero economy' isn't anywhere near working |
| Re: Oil Wells: Lawmakers Insist On 65% Ownership For South-south, South-east by jpphilips(m): 4:42pm On Jul 19, 2016 |
zubbyman: NDA has bombed away Igbo interests in the Niger delta, where will the 65% come from? https://www.nairaland.com/3151963/niger-delta-avengers-scorecard-oil At your God given old ages, is it not wisdom to advise your people to make oil and gas investments or oil blocks produce oil by fart? You can not talk about investment, you just want to own the block, spit!! |
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