Business
OML 53: NDPR, Omerelu Community Sign GMoU
![](https://www.thetidenewsonline.com/wp-content/uploads/2019/10/FRED-21102019-BUS-13O-1.jpg)
The Niger Delta Petroleum Resources (NDPR), operators of the Oil Mining Licence (OML) 53, and Omerelu Community in Ikwerre Local Government Area of Rivers State, have signed the Global Memorandum of Understanding (GMoU).
After back and forth deliberations which began in May 2019, the two parties finally signed the document which was read to the hearing of all stakeholders, last Friday, by representative of the Permanent Secretary, Rivers State Ministry of Justice (Mrs.) Florence Fiberesima,
Representative of the state government, and Permanent Secretary, Ministry of Chieftaincy and Local Government Affairs, Mr Felix Odungweru, who expressed happiness shortly after the ceremony, stated that the signing of the GMoU would enhance the economy of federal, state and local governments, due to the peaceful coexistence that would emanate from the official pact between NDPR and the Omerelu community.
According to him, “it portends that the economy of the state, federal and local governments would be enhanced, where there is peace, there is a working understanding.”
Odungweru noted that with the signing of the GMoU, the company would not shy away from its Corporate Social Responsibilities (CSRs), saying “in executing it’s Corporate Social responsibilities, the company goes into a GMoU with host community where all issues are straightened and stretched out”.
He said further that the pact was a “demand driven action, triggered by the community, which process started in May 2019 and concluded in October”.
On his part, the representative of the Board of Trustees, NDPR, Chief Enyindah Chukwu, expressed optimism that the GMoU would bring growth for both the community and the company operating in the community, in this case NDPR.
Chief Chukwu said, “if they play by the rules, the company would have a conducive environment to operate in as well as peace”, adding that the host community would benefit from the presence of the company operating in the area.
He explained that the GMoU was renewable every three years from the date of signing.
Also speaking, the paramount ruler of Omerelu, Eze Ben Ugoh, the Eluwa 8th of Omerelu, expressed appreciation to God and the company for the pact and expressed optimism that the community would benefit in terms of employment, development and empowerment.
Tonye Nria-Dappa
Business
Lokpobiri Condemns Abandoned Refinery Project in N’Delta … Vows Revival
Business
FG Unveils Industrialisation Strategies In 2025 … To Conduct MSMEs Census
Business
Coy Strengthens Commitment To Nigeria’s Energy Future
-
Rivers3 days ago
NOSDRA D-G Disburses N150m To 300 Farmers In Rivers
-
Niger Delta3 days ago
Ogoni Postgraduate Forum Tasks HYPREP On Scholarship Scheme
-
Rivers13 hours ago
Registration Opens For 2025 ECL Quiz Competition In Rivers
-
Business3 days ago
NCDMB Assures Greater Local Industry Participation In Oil, Gas Projects
-
News16 hours ago
Monarch Asks Speculators To Avoid Minama Settlements
-
Sports13 hours ago
4000 International athletes to Attend Lagos City Marathon
-
News3 days ago
Nigeria Strengthens Economic Ties With Germany To Boost Investment, Jobs
-
Featured3 days ago
Fubara Flags Off Upgrading Of 135 Primary Healthcare Facilities In Rivers