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PIB: Oil companies have no presence in Abia ― Ikpeazu

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PIB: Oil companies have no presence in Abia ― Ikpeazu
Governor Okezie Ikpeazu

By Ugochukwu Alaribe

Abia State Governor, Dr. Okezie Ikpeazu has expressed concern that despite the long years of oil exploration in the state, there is no tangible impact of it in the lives of oil producing communities in the state.

Ikpeazu, who stated this while receiving the Senate and House of Representatives Joint Committee on Petroleum Industry Bill led by Senator Albert Bassey at Government House, Umuahia, said that Abia oil producing communities have remained peaceful more than other oil producing Community in the country, stressing that the peaceful disposition of the communities should serve as a model for the compensation of oil producing communities.

The Governor lamented that the oil exploration and production companies who do business in Abia do not pay taxes to the state, but rather reside within neighbouring states where they pay their taxes.

While commending members of the committee for their untiring efforts towards passing the bill that will protect the interest of the oil host communities, Ikpeazu added that Abia ought to benefit more from the PIB when passed into Law.

He called on relevant government agencies to expedite action in exploring the entire value chain of crude oil as such will generate more revenue for the country.

In his words; “Despite the fact that the oil companies receive unfettered cooperation from the oil-bearing communities in Abia State, you will not notice one signboard of any company anywhere. They don’t live here, they don’t pay taxes here. They come, dropped in Coaster buses led by heavily armed soldiers from Port Harcourt every day and they leave after work by 4pm leaving the communities to their fate.

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“Oil communities in Abia State remain very calm and if there’s a State that’s supposed to benefit from what you have come to do, it is Abia. And I recommended at some point that the Abia example should become the focus based on which other host communities should learn.”

Earlier, leader of the delegation, Senator Albert Bassey Akpan said that the delegation is divided into five committees covering various NDDC states and that his committee covering Abia and Imo states were in the state to get the inputs of oil-producing communities to the PIB undergoing consideration at the National Assembly.

Akpan noted that when passed into law, the Bill would create a trust fund for the oil host communities without government interference, stressing that the Bill also places responsibility on the oil host communities to protect the assets in their localities in order to create the necessary balance and stability.

Vanguard News Nigeria

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