To douse tension in the oil-rich Niger Delta, the Federal
plans to award to indigenes of the region marginal fields’ oil blocks
abandoned by the oil majors as being not commercially viable.
The plan is in line with the government’s larger objective of
reducing major incidents of restiveness to about 90 per cent by next
year. Over the years, there have been agitations over oil resource
ownership, which have become intense with allegations that about 90 per
cent of northerners own the oil blocks awarded in the country.
If the plan is implemented, the ownership structure of the nation’s
petroleum assets will not only begin to change, but also empower the
host region, which has for decades suffered economic deprivation and
environmental degradation on account of these resources.
Source Guardian Newspaper.