The Minister of State for Petroleum Resources, Timipre Sylva has listed security as one of the pre-conditions for the return of oil firms to the Niger Delta. He spoke in Yenagoa, at the special town hall meeting organised by the Bayelsa State Government and the Ministry of Petroleum Resources with chiefs, youths and other stakeholders in the state on Monday.

The interactive session was a directive by Mr. President after the ENDSARS protest last year, for ministers and other top government functionaries to enlighten Nigerians about the plans and programmes of the Federal Government. According to Sylva, the administration of President Muhammadu Buhari is very committed to the development of Bayelsa State and other states of the Niger Delta, adding that however, security has been one of the challenges for instability of oil firms operation in the region.

Responding to calls for the relocation of oil companies to the Niger Delta region, the Minister maintained that youths and residents of the region must eschew restiveness and work for peace and security as preconditions for multinationals to relocate. He stressed that asking the companies to relocate without addressing the security concerns would only escalate Nigeria’s cost of crude oil production, which is one of the highest among OPEC members.

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Source: SweetCrudeReports