AD

Sylva: Why oil companies will not relocate headquarters to Niger Delta

The minister of state for petroleum, Timipre Sylva has said multinational oil companies would not relocate their Headquarters to the Niger Delta because of insecurity.

Sylva said if the place remained insecure, investment would continue to be elusive as no oil company would agree to go there.

Speaking on Sunday in Abuja after his induction as patron and conferment of the peace ambassadors award on him by the Niger Delta Non-Violence Agitators Forum, he enjoined Niger Deltans to remain steadfast in bringing peace to the oil-producing areas.

He said, “What I must say here is that the core of your organisation is non-violence and that is actually the essence of what we want in Nigeria.

“We must bring peace to the Niger Delta. It’s our duty to bring peace to the Niger Delta. Sometimes, we are worried that investment opportunities are not coming to the Niger Delta. But we must realize that it’s our activities that will determine whether these opportunities will come or not.

“Right now, we are saying that oil companies must move their Headquarters to the Niger Delta. But it’s our duty to ensure that the place is peaceful enough for the oil companies to move back there. If the place is insecure, you will actually believe that no oil company will agree to go there.

“That is why this organization is really very important in the Niger Delta. That’s why we must begin to also encourage those of you who are committed to making peace and only trying to assuage those who are making trouble. So I am really happy to be associated with this organization.

“What we need in the Niger Delta more than anything else right now is peace and I believe that if there is peace in the Niger Delta there will be prosperity. No investor would want to operate from far if there is peace because it actually cost him more, operating from a distance. So for us, I believe that if we can bring peace to the Niger Delta, these investors will not talk much.”

Sylva recommended that other organizations should emulate what NDNAF was doing to propagate the message of peace

“Just as you have brought that message to me, I want to assure you that from today, I will also be an advocate of the NDNAF,” the Minister said.

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

More Top Stories

‎Rivers United blame CAF Champions League for slump‎
Morocco National Team Captain Rejects AFCON Title, Backs Senegal as True Champions
‎Title race heats up as Rivers, Rangers face defining fixtures‎‎
Oborevwori Denies Assaulting Kickboxing Coach in Reimbursement Row
‎NFF faces court notice over congress misconduct‎
FULL CIRCLE AT WEMBLEY: ARSENAL, MAN CITY AND A FINAL LOADED WITH HISTORY
Finidi George Under Pressure as Rivers United’s Title Grip Slips
Osimhen Injury Shifted Momentum as Liverpool Power Through-Slot
Rivers United Stumble Again as Niger Tornadoes Strike Late to Deepen Title Tension
‎Ademola Lookman Cruise into UCL Q’finals, Osimhen Crash out‎
CAF Strips Senegal of AFCON Title, Crowns Morocco Champions After Dramatic Final Controversy
Ikorodu City Dominate Rivers United to Seal Crucial Home Victory
Rivers United Confront Tough Ikorodu City Test as NPFL Title Race Reaches Boiling Point
Obi Mikel Demands NFF Leadership Resignation After Nigeria’s World Cup Failure
Super Eagles Calvin Bassey is a beast” –Bryan Mbeumo‎
Ibinabo Fiberesima Opens Auditions For Web Series In Port Harcourt
Tinubu, NFF Mourns Former Super Eagles Coach Adegboye Onigbinde
Lemina Header Sinks Liverpool as Galatasaray Claim Crucial First Leg Victory
D’Tigress Arrive Lyon Ahead Of 2026 FIBA Women’s World Cup Qualifying
NPFL: Rivers United Trash Bendel Insurance to Remain Top
Nigeria’s Oil Wealth Still Fails Its People
Opobo Monarch Unveils Policy Framework For Ibani Language Reintroduction
Okpe Union Sets Conditions to Back Tinubu, Oborevwori, Others
ASUU Warns of Possible Misuse of Research Funds
‎Osimhen unveiled plans to buy Turkish, and NPFL clubs‎‎
Pastor Brandy, Four Others Arraigned Over Alleged Murder of Bayelsa Estate Agent