Mr Igo Weli, the General Manager, External Relations, Shell Petroleum Development Company (SPDC), on Thursday said the Niger Delta was no longer attractive for investment.
Weli made the claim in an interview with the News Agency of Nigeria (NAN) in Port Harcourt on the sideline of an SPDC sponsored two-day meeting with stakeholders in Abia and Rivers states.
He said that declining interest by investors was partly due to restiveness, damage of facilities and the unpredictable nature of the region’s business environment.
“The Niger Delta is no longer attractive to investors, as most businesses have already left with new and potential investors preferring to invest in other places like Lagos.
“There are issues in Nigeria today but there are parts of the country that are still working. Even in the midst of these issues and challenges, Lagos is making progress.
“Investors are going to Lagos because of the choices the state government makes and the way they organise themselves and the confidence that gives to investors, which is the reverse in the Niger Delta.
“If Dangote could invest 18 billion dollars to build a refinery in Lagos that ordinarily should be sited in the Niger Delta, then the Niger Delta should be seriously concerned.
“The region is depriving itself of investment, employment and business opportunities because of endless agitations and choices it took out of anger,” the SPDC official said.
Weli explained that Dangote refinery alone would create over 149,000 new jobs with the economies of Lagos and other South-Western states the major beneficiaries.
He said that unemployment was on the rise in the Niger Delta partly because most firms have left while others have reduced their operation in the area.
Weli wondered why the region was yet to develop despite benefiting from 13 per cent derivation and presence of establishments like the Niger Delta Development Commission; Niger Delta Ministry and Amnesty Programme.
According to him, people who desired to hurt SPDC forget that the company was a global brand with assets all over the world, and as such, could make adjustments.
“Even the existing companies’ activities are dropping because everyday instead of spending time thinking of how to grow the business; the companies are busy thinking of how to manage crises.
“So, people need to think deeply before they act because perception of the situation in the area is likened to one day one trouble, and no longer one week one trouble.
“We should ask ourselves questions of why the region is not on the path of progress; why its roads, schools, hospitals and electricity are not different.
“Well, we should look no further because it is simply the choices the region is making,” he said.
Weli said that re-positioning of the region would involve collaboration of all stakeholders including both state and local governments; the private sector and the people. (NAN)
Presidency, PDP At Loggerheads Over $1bn ECA Security Fund
The presidency and the opposition Peoples Democratic Party (PDP) are back tothe trenches over the latter’s claim that the whereabouts...
APC Insists On Fresh Inauguration Of Bauchi, Edo Assemblies
The All Progressives Congress (APC) has insisted on the fresh inauguration of Bauchi and Edo State Houses of Assembly. The...
N1.7trn Non-performing Loans Choking Banks – Experts
Concerns have been raised by stakeholders in the financial industry over the N1.67 trillion non-performing loans (NPLs) in the Nigerian...
ICPC To Begin Crackdown On Varsities Over Fake NYSC Mobilisation
The chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof Bolaji Owasanoye, yesterday, said the commission...
Reps Seek Assent To Forensic Investigators Bill
A member of the House of Representatives, Hon. Uzoma Nkem-Abonta has urged President Muhammadu Buhari to sign the Chartered Institute...
Gas, Power Push NNPC’s Trading Surplus To N6.33bn In May
The Nigerian National Petroleum Corporation (NNPC) yesterday announced a trading surplus of N6.33 billon for the month of May 2019,...
40,000 Participants To Grace Abuja Housing Show
The long – awaited Abuja International Housing Show (AIHS) would kick off tomorrow, with over 40, 000 participants and 400...
FEATURES22 hours ago
Brewing War Of Camps In Bayelsa PDP
NEWS12 hours ago
Suicide Bomber Hits Hospital Kills 8, Injures 22
SCIENCE TECHNOLOGY14 hours ago
Are You Addicted To Your Phone, Internet? Try This!
SPORTS22 hours ago
‘Premier League Prepared For VAR Controversy’
NEWS24 hours ago
Calls For National Security Summit Diversionary – Falana
POLITICS13 hours ago
Group Endorsed Yahaya Bello for 2nd Term
NEWS12 hours ago
Ruga: Abia Monarch Lauds State Government’s Restriction On Land Sales
POLITICS13 hours ago
Oyegun To Oshiomhole: Support Only APC Governor In S’South