Nigerian Government Recieves $42bn From Shell In Five Years

ShellShell petroleum Development Company of Nigeria says the sum of 42 billion US dollars was paid to the federal government as economic contribution to the joint venture partners from 2011 to 2015.

In its sustainability report 2015 released on Monday, the oil giant noted that government also received 4.95 billion dollars in 2015 as production entitlement, taxes, royalties and fees.

Meanwhile, the Bayelsa State government has sealed the Gbaran Ubie Oil and Gas production facility owned by Royal Dutch Shell on court orders.

A statement issued by the Executive Secretary of the state’s Physical Planning and Development Board, Boro Ige-Edaba, said that this is to enable the board to conduct environmental, health, technical integrity and safety checks at the facility.

Lagos Defends Action On Oshodi Demolition

oshodiThe Lagos State government has come out boldly to defend its action in the demolition of Owonifari market in Oshodi, insisting that the action was taken in the overall interest of public good, safety and security.

The state government made its position known at a joint press briefing addressed by the state’s Ministries of Information and Strategy, The Environment, Physical Planning and Urban Development, Local Government and Chieftaincy Affairs, and the Office of Civic Engagement.

The Commissioner for Information and Strategy, Mr Steve Ayorinde, said that there was no illegality in the demolition as the traders were adequately notified before the exercise took place as required by law.

He explained further that government engaged with the leadership of the market severally before carrying out the demolition exercise.

In addition to this, the State Government said it has constructed an alternative market stall for the traders which can conveniently accommodate over 600 shops and hundreds of key clamps.

They agreed to subsidize payment by giving shops at the new market at a monthly give away price of 5,000 Naira.