• About
  • Advertise
  • Our Privacy Policy
  • Contact
Thursday, February 26, 2026
No Result
View All Result
  • Login
  • Register
MetrowatchXtra
  • WORLD
  • BUSINESS
  • POLITICS
  • HEALTH
  • SPORTS
  • OP-ED
  • ENTERTAINMENT
  • WORLD
  • BUSINESS
  • POLITICS
  • HEALTH
  • SPORTS
  • OP-ED
  • ENTERTAINMENT
No Result
View All Result
MetrowatchXtra
No Result
View All Result
Home Latest News

Whopping! Nigeria Loses $178Bn Oil Revenue in Ogoni, Says MOSOP

MetrowatchXtra by MetrowatchXtra
January 19, 2022
0 0
0
•A degraded Ogoniland, Rivers State

•A degraded Ogoniland, Rivers State

By Ngozi Ekhator
President of the Movement for he Survival of the Ogoni People (MOSOP), Fegalo Nsuke says Nigeria has lost at least $178,850,000,000 or an estimated NGN72 Trillion, since Shell exited the Ogoni oilfields in 1993.
Nsuke said the figure represented oil revenue alone as the  revenue losses from gas is inestimable due to non-availability of statistical evidence.
He noted however that the Ogoni gas potentials and revenue generation capacity far exceeded that of its oil.
In an online message to a congress of MOSOP in Bera, Gokana Local Government Area Tuesday, Nsuke blamed Nigeria’s mismanagement of the Ogoni crisis for the huge financial losses.
He said based on available evidence from the oil industry, Ogoni’s oil production capacity stood at 350, 000 barrels a day before the exit of Shell from Ogoni in 1993, At an estimated average of $50 for a barrel, Nigeria has lost an estimated $178. 850,000,000.00 for its mismanagement of the Ogoni crisis.
Hitting at the government, he said, rather than listen and engage with the people, those who managed the country opted for the repressive approach of killing, maiming and torturing thus exacerbated and prolonged the conflicts. He urged Nigeria to accept the offers made by MOSOP for the implementation of an Ogoni Development Authority to pave the way for a peaceful resolution of the conflicts.
Nsuke, who addressed the congress from an electronic device said the continual delay by relevant agencies of government to accept the Ogoni demands and reach a deal with the Ogoni people does not only amount to economic sabotage but represents a threat to the security of the country.
He held that the repressive approach and divide and conquer tactics of the oil industry have only worsened the relationship between the government and the people and prolonged the conflicts. He urged the  Nigerian government to accept MOSOP’s development proposals as the way forward to a speedy and peaceful resolution of the Ogoni conflicts.
“Money runs the government and so when those in government fail to take advantage of opportunities to resolve issues that affect the national economy, it does not only amounts to sabotaging the economy but is also a threat to national security”.
“I think the inability of decision makers to peacefully resolve the Ogoni crises in over 28 years leading to the loss of over $178 billion amounts to sabotaging the economy and national security” Nsuke also said.
“MOSOP led the struggle and I know you are willing to move on with it if your interests are not considered in any deal. It will be best for the government to consider our development proposals rather than allowing the oil industry to create mushroom groups and hope that those groups will pave the way to resume oil mining activities in Ogoni. The struggle for survival has been a collective struggle which no mushroom group can truncate” he said yesterday.
Blaming the huge financial losses on Nigeria’s failure and lack of commitment to resolve the Ogoni problem, the MOSOP president said the Ogoni people have demonstrated that they are ready for a resolution of the conflicts with the proposal for the implementation of an Ogoni Development Authority developed by MOSOP.
The MOSOP president noted that the Ogoni struggle was a response to under development and MOSOP is convinced that implementing a development plan such as the Ogoni Development Authority will be an excellent approach to resolve the Ogoni conflicts, boost economic development in Ogoni and improve the revenue base of the country.
He assured the people of MOSOP’s commitment to Ogoni development and urged them to remain peaceful as the leadership of the movement is committed and will continue to push forward the proposals for a peaceful resolution of the conflicts and the vision of the struggle.
Nsuke held that MOSOP’s vision was to reverse the underdevelopment in Ogoni and urged the Nigerian authorities to encourage the Ogoni people to recover from the effects of years of alienation by accepting MOSOP’s development initiatives.
“The vision of the Ogoni struggle was to achieve development for the Ogoni people. We launched MOSOP in response to underdevelopment and so any campaign that does not trigger positive development in infrastructure, economic activities and political freedom is not aligning with the vision of MOSOP”.
Nsuke said the primarily,focus of MOSOP at the moment is to drive a new future and direction for the Ogoni people who have sacrificed so much with the hope of achieving a better life, to end the environmental problem created by neglect and corporate irresponsibility and to streamline our struggle with a clear focus to drive development.
While commending the resilience of the Ogoni people in sustaining the peaceful methods, the MOSOP president called for the cooperation and understanding of Ogonis and her partners in the drive towards a new Ogoni.
Recall that the Shell Petroleum Development Company of Nigeria Limited, SPDC, was forced to leave Ogoni in early 1993 following a series of protests against the company’s poor environmental standards. This led to huge economic losses for Nigeria whose income is mainly from oil exports. In response, Nigeria deployed its military into Ogoni leading to the death of an estimated 4,000 people especially civil rights campaigners who were members of MOSOP and the eventual execution of nine leaders of MOSOP in November 1995.
The Ogoni people have demanded the restoration of the environment, better environmental standards, economic reconstruction, an end to political discrimination and exoneration of the nine executed men including Ken Saro-Wiwa who were wrongly killed by the military government under General Sani Abacha.
Tags: Abacha govtKen Saro-WiwaOgonilandShell Oil
MetrowatchXtra

MetrowatchXtra

RELATED POST

Presidency: No Security Report on APC’s Muslim-Muslim Ticket
Latest News

FULL LIST | Beneficiaries of Tinubu’s Presidential Pardon, Clemency as Announced Thursday

by MetrowatchXtra
October 11, 2025
0

STATEHOUSE PRESS RELEASE Details of The Presidential Pardon and Clemency Illegal miners, white-collar convicts, remorseful drug offenders, foreigners, Major General...

Read moreDetails
KARMA! Lawmakers Face Recall over Failed Impeachment against Gov Sim Fubara  | METROWATCH

KARMA! Lawmakers Face Recall over Failed Impeachment against Gov Sim Fubara | METROWATCH

December 7, 2023
Naira Redesign: Buhari Appeals for Calm, Says End to Hardship Near

Buhari Bags Ogoni Chieftaincy Title, Performs Groundbreaking of Projects in Rivers | METROWATCH

April 29, 2023
APC Ticket: I Made Buhari President, Osinbajo VP, Abiodun Governor – Tinubu cries out

Buhari Urges President-elect Tinubu to Consolidate on Ogoni Clean-up Projects | METROWATCH

April 29, 2023
2023: Atiku, June 12 and Keyamo’s Attempt to Rewrite History, By Paul Ibe

2023: Atiku, June 12 and Keyamo’s Attempt to Rewrite History, By Paul Ibe

July 7, 2022
Nembe Oil Spill: Bayelsa Govt Threatens to Sanction Aiteo Exploration

Bayelsa Wades into Conflict Between Shell/Host Community over Power Supply

January 3, 2022
Load More

APO

Recent Posts

  • JUST IN: President Tinubu Decorates Tunji Disu as Acting IGP
  • Call APC to Order, Obidient Movement Tells Tinubu Following Peter Obi’s Ass@ssination Attempt
  • Banking Sector Recapitalisation on Course, Says CBN Gov Cardoso
  • Lionel Messi Reveals Why He Snubbed Spain
  • Rivers: I’m Ready to Work with All Assembly Members, Says Gov Fubara

Recommended

PHOTOS |  LAWMA Officials Demolish Stalls around Lagos School | METROWATCH

PHOTOS | LAWMA Officials Demolish Stalls around Lagos School | METROWATCH

2 years ago
PHOTOS | Tinubu Returns after 12 Days in France

PHOTOS | Tinubu Returns after 12 Days in France

4 years ago
MetrowatchXtra

MetrowatchXtra is an online daily newspaper poised to act as a catalyst in our debate and desire for well-governed Nigeria and provide the much-needed platform for all, irrespective of social, religious or political divide, to express their views.
Metrowatchxtra Nigeria

  • About
  • Advertise
  • Our Privacy Policy
  • Contact

© 2026 Metrowatchxtra Nigeria Published by Miraculous Media Connect Limited. All rights reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Politics
  • World
  • Business
  • Science
  • Entertainment
  • Sports
  • Tech
  • Health

© 2026 Metrowatchxtra Nigeria Published by Miraculous Media Connect Limited. All rights reserved