Oil theft: Oyovbaire, Ukah urge alliances amongst Hostcom, security

18 January 2016, Asaba —Chairman of Delta State Advisory and Peace Building Council, Prof. Sam Oyovbaire, has sued for strategic alliances among Host Communities in Oil Producing Areas and security agencies in securing oil and gas investments in the state.

Oil theft

Oil theft

Oyovbaire, in Asaba at a stakeholders’ summit on vandalism of oil and gas facilities and installations with the theme, Security and Environmental Challenges in Oil and Gas Sector in Delta State: the way forward, organised by the state government, said that the alliances would promote security of oil facilities in the state.

He enjoined the National Assembly to revisit the Petroleum Industry Bill which according to him, would assist to proffer solutions to some of the challenges facing Nigeria’s oil and gas sector.

Speaking in the same vein, the state Commissioner for Information, Mr Patrick Ukah, commended the state government for organising the summit.
He noted that the summit would boost the state’s earnings from oil if the challenges of oil thieves could be phased out or reduced to its barest minimum.

Ukah said the summit has further positioned the state to tackle the problem of oil theft. He lamented that the state was losing “a billion naira in monthly revenue from royalties and taxes and more than N2 billion monthly is also being lost in taxes and royalties as a result of some oil companies operating in Delta State relocating to other states.”

He expressed confidence in the prosperity agenda of the state government, saying that very soon, millions of Deltans, particularly the youths, would be adequately empowered.

 

  • Vanguard
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