The Senate has kickstarted move to ensure the relocation of the operational bases of the oil and companies in Nigeria to Niger Delta.
This was followed by a motion submitted by Senator Albert Akpan who represents Akwa Ibom North-east Senatorial district.
The motion which was sponsored by Akpan and co-sponspored by 23 other lawmakers is seeking the relocation of operational base to the oil companies to Niger Delta.
Akpan, in his debate stated that the move would facilitate the production of oil and gas and also reduce the cost of production.
The lawmaker noted that the companies have over the years operated from their respective operational bases in Niger Delta before they relocated due to insecurity, militancy among other vices. However, he assured that the recently signed Petroleum Industry Act (PIB) has made provision for restoration of lasting peace in the host communities.
Akpan further explained that the relocation of the operational bases to the host communities would boost development in the areas and enhance corporate social relationship.
In his words, “The companies attributed their operation outside their host communities to insecurity and hostilities in the host communities.
“Their operation outside of host communities and operational base accounted to the high cost of oil and gas production.
“This is a big setback to the country’s oil and gas industry and it is militating against maximum revenue from crude oil and gas sales to the federation account.”