Youths urge government to checkmate oil sector irregularities

Gloria Essien, Abuja


A group of Nigerian youths have called on the Nigerian Government and the Economic and Financial Crimes Commission to revisit the $3.8Billion Egina Oil Field Project contract.

The stakeholders who are mainly young players in the oil and gas sector made the call in a press briefing in Abuja.

They regretted that rather than the hyped benefits that accompanied the birth of the Total Egina oil field, which included the acceleration of the pace of Nigeria’s industrial fabric and the transfer of technology, “the oil field has however, made thousands of youths to lose their jobs”.

Speaking at the press conference, Chairman, Nigerian Young Professionals Forum (NYPF), Moses Siloko Siasia, said that there was the need for the government to look into the lack of local content in contracts awarded to foreign companies.

He said that Nigeria would not develop if foreigners are to go away with corrupt practices.

“The youth has decided that Nigeria can never be developed if foreign instigators of corruption are allowed to go free. Samsung’s current attempt to advocate for new variations will be stopped. The company must immediately be sent out of Nigeria and banned from participating in future projects,” he said.

He added that for the past five years, there have been investigations into the irregular manner in which a particular company won the contract by several anti-corruption agencies and yet the findings were not published.

Economic Crime
On his part, the Chief Executive of Connected Development, Hamzat Lawal, said that the development in the oil and gas sector is an economic crime against Nigerian youths.

“Enough is enough. Nigeria belongs to all of us. Today the inequality gap is too much. For us to grow and prosper, we must create jobs. The oil and gas sector is supposed to create employment for young people but today this sector is not meeting the needs and aspirations of the Nigerian youths. This is very sad,” he said.

He noted that Connected Development, using its Follow the Money Platform would track the implementation of every contact proceedings henceforth.

The youths also called on the Local Content Board to live up to its expectation and do the right thing.