Acting President Yemi Osinbajo is currently meeting stakeholders from the Niger Delta under the aegis of the Pan Niger Delta Forum (PANDEF) at the State House, Abuja.

The meeting is coming after the group threatened to pull out of ongoing negotiations with the Federal Government to restore and permanent peace in the region. A move, that if made may disrupt oil production which has relatively peaked.

Nigeria’s recovering oil production comes as crude oil prices hit a two-month high of US$52.25 and watchers say and disruption in oil production, due to militant attacks or strike action by labour unions, could mean Nigeria missing out on reaping from the higher crude oil prices.

Last week, Presidency officials announced that Nigeria’s Government will flag-off the first set of Modular Refineries domiciled mostly in the country’s Delta region, this month.

The officials had said the Acting President will hold a ground breaking event to signal the commencement of the first set of miniature refineries after the scheduled meeting with the PANDEF, to
discuss issues on the development of the Niger Delta, the official said.

Those at the meeting include: Edwin Clarke, Amayanabo of Brass, Alfred Diete-Spiff, Victor Attah, Don Etiebet, Timi Alaibe, Ewa Henshaw, Tony Uranta, Hosa Ogunbor, Godknows Igali amongst others.

 

Elizabeth Archibong

Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more

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