How Delta monarchs reconciled warring Igbide, Emede communities
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•Delta govt, villagers applaud Owhorode of Olomu-led peace team
By Ochuko Akuopha
AN air of conviviality pervaded the secretariat of Isoko Development Union, IDU, Oleh, Delta State, last week, as the apex socio-cultural organisation of Isoko nation and traditional rulers from Urhobo and Isoko ethnic nationalities resolved the protracted land dispute between Igbide and Emede communities in Isoko South Local Government Area.
The resolution lays to rest the five- month old crisis that led to the killing of scores of persons and destruction of property worth millions of naira in neighbouring communities.
Ndubuisi Francis and Emmanuel Addeh in Abuja with agency report
The federal government is weighing some options as discussions with Anglo-Dutch oil company, Shell Petroleum Development Company, begin over its plan for total divestment from onshore operations in Nigeria.
The Minister of State, Petroleum Resources, Chief Timipre Sylva, yesterday in Abuja listed three possible options being considered as comprising a takeover of the company’s stake in the oil and gas industry by the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC); acquisition by indigenous operators and involving a mixture of local players and other foreign independent operators in the process.
• Osinbajo canvasses equitable global energy transition for developing countries
• Stakeholders raise fresh concerns over continuous dependence on hydrocarbon
• Removal of subsidy, refinery rehabilitation, gas economy sacrosanct, minister insists
Mounting global advocacy aimed at halting all-new Final Investment Decisions (FIDs) for fossil fuels, especially oil and gas may create serious hurdles for new fields development as over $150 billion worth of projects risk getting stranded in Nigeria. x
Investments in new fossil fuel projects will need to stop immediately if the world is to limit global warming to 1.5 °C, the International Energy Agency (IEA) has said in what commentators have described as a stunning challenge by the historically pro-fossil fuel body.