Edo blames boundary commission on decline in oil revenue

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Adams-oshiomole
The Edo Government has attributed the decline in its oil revenue to the ceding of its oil wells to Ondo and Delta by the Federal Government.

The Commissioner for Special Duties, Oil and Gas, Mr Orobosa Omo-Ojo, said in Benin. Omo-Ojo said that the ceding of its oil wells had continued to deny the state of revenue to boost its economic growth and development.

He said that the ceding was “malicious and illegal’’, and expressed regrets that no attempt was being made to redress it. The commissioner alleged that an attempt was also made to cede another oil well to Delta but the state government resisted it.

“We are, therefore, calling on the boundary commission now to do the right thing so that the demarcation between Ethiope West in Delta and Orhionmwon in Edo can be properly identified. “This is to prevent the oil well from becoming contentious with others still in dispute,’’ he said.

The commissioner also said in spite of being a gas “haven”, Edo had been denied its fair share of the oil derivation funds. He claimed that Edo was the biggest source of gas to the Nigerian Gas Company, a subsidiary of the NNPC, saying: “no other state is as blessed as Edo in gas deposit.

He said that if the authorities did the right thing and the state was allowed to have its legitimate revenue, “we will be getting twice what we are currently getting from the derivation fund.

 

Information from NAN was used in this report.