The Senator representing Bayelsa West, Senator Seriake Dickson addressed the media in the Senate on two contentious issues bothering on the passage of the 3% equity shareholding for host communities, which he said they disagreed with, and the contentious clause 52(3) in the 2021 Electoral Act Amendment bill that was recently passed by the National […]
The Senator representing Bayelsa West, Senator Seriake Dickson addressed the media in the Senate on two contentious issues bothering on the passage of the 3% equity shareholding for host communities, which he said they disagreed with, and the contentious clause 52 in the 2021 Electoral Act Amendment bill that was recently passed by the National Assembly.
The argument that approving anything more than 3% will deter investors is not genuine. If the host communities are not happy, would investors come? If they don’t have a stake in exploration and exploitation activities, once investors find that the situation is not conducive they will take off. So, this is not a wise decision because you are not dealing with only one community, but thousands and, hundreds of communities.
How do you feel that Yar’Adua presented a 10% proposal for host communities at a time the Petroleum Minister, the late Rilwanu Lukman was from the north. Now, how do you feel that with your predecessor, Timipre Sylva as Minister of Petroleum, a 2.5% is being proposed? He is my good friend with whom I disagree completely on this. But you should direct your question to him and I will also be interested in listening to his reply. How the chairman of our committee who agreed with us at the committee level, voted against our collective decision? I moved this clause, framing it to accommodate the concerns of some members who doubted connectivity in their communities.
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