The President of Nigerian Mining and Geosciences Society, Akinade Olatunji, on Sunday, said that increased security surveillance
He made this disclosure after his installation as the 32nd president of the society, held at Citron Hotel, Onireke, in Ibadan, the Oyo State capital.
The president, therefore, proposed that “there is a need for the community to have a sense of ownership of the assets in their land. The approach of applying tokens to communities who are aware of the humongous resources being carted away from their land does not engender patriotism and a sense of belonging.
“The amount of resources allocated to oil communities in the PIA is not sufficient to guarantee the kind of safety on investment that is required for the continuous survival and profitability of the oil and gas sector in the long run. This is an aspect of PIA that needs to be urgently amended; otherwise, the entire prospects expected of the bill may be jeopardised,” he said.
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