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Nigerian president warns that oil developers will flee
Philippine Times
Monday 12th May, 2008
President Umaru Musa Yar'Adua of Nigeria has visited the town of Yenagoa in the Niger Delta region.
He used the occasion to warn that Nigeria may lose its ranking as the number one oil producing country in Africa if the unrest around oil producing areas does not stop.
The president urged restraint from working people who have been agitating for better conditions in their area.
He said unless oil exploration and production were allowed to go on uninterrupted and in a peaceful atmosphere, the nation would be pushed out of her number one position in Africa by Angola.
Yar'Adua said the Niger Delta region still had the potential of becoming the petrochemical power in Africa, but said the absence of peace had retarded African development in the past 50 years.
He regretted that the increase in world crude oil price could be partly blamed on the situation in in the Niger Delta.
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| By sovereign national, 05-12-08, 05:40 PM |
Nigerian president warns that oil developers will flee So be it that they leave Nigeria. The oil sharing agreement evidently is greatly flawed in that foreigners reap the greater sum of the oil wealth - whereas the owners of the oil(Nigerian people) receives mere pittance. Let them be gone and let Nigeria invest in its own drilling and PAY all the people a proper royalty on the production. Nigeria should be better compensated than the Saudis and other Arabs oil producers since the Sweet Bonnie is a higher quality and much preferred petrol. Africans need to either get real serious about upliftment or simply get out of the way and continue to assume the role of a child. |
| By obiesie, 05-13-08, 06:36 AM |
you are a fool my presidentwhat are you talking about, yes is good to loss number one in africa because for almost 46year now you people call your self hausa is leading nigerian we nigerian can not even boss for water or roads you are talking about to loss number one in africa, the money that pass president olusegun obasanjo stoln
in goverment is what you supposed to take from him and rebuild niger delta you are here talking about to loss number one in africa, work as a mature man dont look to old fools which babangida and obasanjo face |
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