The Governor of Ondo State, Rotimi Akeredolu, said the issue that played out in February when the NNPC remitted zero allocation to FAAC indicated that Nigeria was bankrupt.
Akeredolu, who was represented by his Commissioner for Energy and Natural Resources, Razaq Obe, said, “With what happened last month, what that means is that we are running a country that is basically bankrupt. So we either act now or we are compelled to act perhaps when it is too late.
“Number two, we must get all the oil that can be produced from our reservoirs to surface now. The $100/barrel oil price is not going to go on forever. If we can get our production above two million barrels per day, that will be good for the future.”
On the Petroleum Industry Act, which was passed in August 2021, the Ondo governor said, “And for PIA, it has not delineated correctly or clearly what a host community is.
“If we don’t work on that, we may begin to create a kind of crisis and warlords would take advantage of the ordinary people that the PIA intended to take care of.”
On his part, the Rivers State Governor, Nyesom Wike, who was represented by his Commissioner, Energy and Natural Resources, Peter Medee, urged the Federal Government to eschew bitter politics when implementing policies in the oil sector, particularly with respect to the Petroleum Industry Act.
Nigeria Standard…
