NigeriaBayelsa: FG Okays N117bn For Oloibiri Oil Museum

Bayelsa: FG Okays N117bn For Oloibiri Oil Museum


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The construction of the Oloibiri Oil Museum and Research Center, the first oil well discovered in the country in 1958 in the Og­bia Local Government Area of Bayelsa State, has been approved.

Image (c) Vanguard

The recently approved project by the Federal Government has its first foundation stone laid in the early 80s by President Shehu Shagari.

Briefing State House cor­respondents after the weekly Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari at the Presidential Villa, the Minister of State for Petroleum Resources, Chief Timipreye Sylva, announced this on Wednesday in Abuja.

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Chief Sylva said the con­tract was awarded to Messrs. Julius Berger Plc, at the sum of N117 billion, with a completion timeframe of 30 months.

According to the minister, this is a major milestone and it is expected to be a major lega­cy of Mr. President in the Niger Delta.

Asked about the decision the government has taken to ensure the petroleum scarcity will not have an impact on the general elections, he said it’s quite unfortunate, they were not happy at all about what is going on but assured that “ev­ery hand is on the deck.

“The Ministry of Petroleum is not in control of all the fac­tors that lead to scarcity in the sense that there are forex issues as well as other issues.

“But at the moment today, there is supply, but unfortu­nately, we are experiencing some bottlenecks with the dis­tribution and movement of the product to various destinations for now.

“I want to assure you that everything is being done. The NNPC Limited, NMDPRA (Ni­gerian Midstream and Down­stream Petroleum Regulatory Authority), the marketers, everybody’s hands are on deck to ensure that this problem is resolved and to also inform you today we had a briefing from INEC and INEC has also engaged NNPC and NNPC has assured INEC that petroleum products supply to INEC will not be a problem and so that will not likely affect the election at all,” the minister explained. ­

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Fielding questions on the step taken to alleviate the hard­ship brought by fuel scarcity, Syl­va said the ministry has reports of profiteering by marketers, and he has directed NMDPRA to sanction anybody who prof­iteers in this kind of situation.

“We cannot stand by and watch our citizens being ex­ploited by marketers. But of course, I’m given that directive and I don’t know if it has not taken effect; I don’t know the details of how far that direc­tive has been carried out, but I’m going to still further give that directive, if that is still the situation, but definitely, we are not paying a blind eye at all,” he said.

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The minister said that the ministry adheres to the laws of the land and will act accord­ingly, adding, “You know how these things happen, there are laws and this is a democratic system, they can’t go against the law themselves, the regu­lators can’t also go against the law.”

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