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A Niger Delta activist, Pat Obiene, has urged multinational oil companies operating in the region to live up to their social responsibilities by promoting peace and development in their host communities.
Obiene who gave the admonition while speaking with newsmen on issues of Niger Delta development in Port Harcourt, recently, pointed out that the oil multinationals owe it as a duty to play active role in the promotion of security and development in their host communities.
He frowned at what he described as ‘indifference and non-compliant behaviour” of some oil companies towards the development of the Niger Delta.
“Apart from their business concerns, the companies should head towards improving on their community relations policies and implement the various agreements reached with their host communities.
FG approves $30millon direct lending to Nigerian oil services providers FG approves $30millon direct lending to Nigerian oil services providers
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The Federal Government (FG) has approved $30million as direct lending to the Nigerian oil service providers.
The sum was approved under the Nigerian Content Development and Monitoring Board (NCDMB)/Nigerian Capital Development Fund (NCDF) working capital scheme.
Engr Wabote Simbi, Executive Secretary, NCDMB, made the disclosure, on Monday, at the signing of a Memorandum of Understanding (MoU)with the Petroleum Technology Association of Nigeria (PETAN)on the Implementation of the NCDMB-PETAN Working Capital Scheme for Nigerian Indigenous Oil Servicing Companies.