Senator Ovie Omo Agege, the Deputy President of the Senate, issued a statement on Tuesday through his media aide, Mr. Yomi Odunuga, warning against the possible relocation of the headquarters of oil companies from the Niger Delta region.
The Deputy Senate President has lamented the economic crisis and public dismay it would bring if some multinational oil companies operating in the Niger Delta region were to move their headquarters elsewhere. According to him, jobs will be lost and the standard of living in that region would deteriorate.
The statement reads in part:
“I have always taken the position that there is no need for us to continue with this subsidy; all we need to do is to fix the refineries.
“But, today, I have seen many people in the NNPC and elsewhere moving otherwise because they believe we ought to continue with this subsidy regime.
“I am from the Niger Delta and there are a lot of us who believe that most of the oil companies that are doing business in that neighborhood ought to have their offices and their headquarters in that same neighborhood so as to provide employment opportunities
“There is an issue that is raging right now in the Niger Delta and it has to do with the Nigerian Gas Company in Ekpan-Warri; they are also threatening to move their headquarters from Warri in Delta state elsewhere.”
Omo Agege, as he is popularly called, further claimed that he did not understand why political heads within and outside NNPC would still advocate for fuel subsidy when there are better economic realities if the subsidy was removed. He also went on to support the removal of fuel subsidy and proffered a solution to the recurring issue of inadequate refined oil production.
The senator advised the federal government to fix the local refineries to match the local consumption rate in Nigeria.