A Review of the Nigerian Energy Industry

Fashola counsels Shell on maintaining standard in developing countries

13 September 2011, Sweetcrude, Lagos- Lagos State Governor Babatunde Fashola has charged the management of Shell Nigeria Exploration and Production Company (SNEPCO) on the need to adopt global standard in addressing environmental cleanliness in developing society where they operate.
Fashola said this when he received SNEPCO management led by the Managing Director, Mr Chike Onyejekwe, in his office at the Ikeja.

He explained that environmental degradation posed serious concern the world over, stressing that if the price of oil and gas is subject to international standard, the time had come to raise environmental cleanliness to international standard.

According to him, “I don’t think that poorer nation should be subjected to lower standard; this is something that should be at the heart of corporate governance and I feel it should be given priority.”

Fashola lamented the pathetic situation that oil producing communities had to contend with, saying that degradation should not be at the expense of the livelihood of the people.

Earlier, Onyejekwe informed that SNEPCO paid 18.6 billion annually as tax while noting that it still engages in a lot of social responsibilities to the state and its host community.

He listed part of their activities to include supply of gas to the power stations in Marina, clearing of water ways and upgrading of fire stations amongst others.

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  • It could just be the voice of an entitled ppeloe crying over their loss. The rivalry between north and south is very real. In 1912 one reason the two territories were amalgamted was because the north region had been consistently running at a deficit. The north has ruled Nigeria for almost 40 years. their ppeloe should not be poor or suffering and the last poverty figures I saw show poverty has been decreasing in the north for decades. Some folks I spoke to once asked an insightful question: if northern presidents could not been able to develop the north how do we expect or trust them to develop the whole country?