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Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy. Niger Delta communities may stop oil companies from carrying out production activities in their domains if the National Assembly fails to reverse the newly passed petroleum industry bill that sliced revenue allocation to host communities, Edwin Clark, a former minister and leader in the region has warned. Mr Clark on Monday described the bill passed last week as “satanic and unjust” after the Senate and the House of Representatives significantly reduced proposed revenue to oil-producing communities from the proposed 10 per cent to three per cent, but handed a relatively far higher 30 per cent for oil prospecting in areas listed as “frontier basins”, mostly in the northern region of the country.

Niger deltaNigeria generalEdwin clarkFemi gbajabiamilaAhmed lawanInternational oil companies iocsNational assemblyOil sectorFmr senatePan niger delta forumInternational oil companiesSenate president lawanSpeaker gbajabiamilaNiger delta regionRight honourable speakerநைஜர் டெல்டா