letter

Letter

Shell and its maltreatment on Uzere

Dear Sir,

PERMIT me a space in your incisive and informative newspaper, Isoko Mirror to express my views on how Shell Petroleum Development Company (SPDC), in conspiracy with Delta State government have shortchanged Uzere kingdom, even as peace has continued to erode us.

Crude oil production by Shell as reported to Hon. Justice Ehiwario Panel of Inquiry is on the average 30, 000 barrels daily.

·        Crude oil production/day                                          -           30,000 barrels

·        Current price                                                              -           $113/barrels

·        Daily sales  = 30,000 X 113                                    -           $3,390,000

·        Monthly sales = 3, 390, 000 X 30 days                  -           $101, 700, 000

·        Yearly sales = $101, 700, 000 X 12                       -           $1,220, 400,000

·        Naira equivalent = $1,220, 400,000 X N150         -           1.83 trillion naira per year.

The question is: How much is spent on the community, or are we not qualified for any benefits?

Chief (Dr.) Fidelis E. Adaka (JP, FNSA), National Vice President, Nigerian Statistical Association.