Factional President of MOSOP, Fegalo Nsuke, in a statement in Port Harcourt, yesterday, equated the figure to an estimated N72 trillion, saying it "represents oil revenue alone as revenue losses from gas are inestimable due to non-availability of statistical evidence," adding that Ogoni gas potentials and revenue generation capacity far exceeded that of its oil.
Fegalo, who addressed
He said: "Based on available evidence from the oil industry, Ogoni oil production stood at 350,000 barrels per day before the exit of
"Rather than listen and engage with the people, those who managed the country opted for repressive approach of killing, maiming and torturing, thus exacerbated and prolonged the conflicts.
"We urge
"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 amount to sabotaging the economy but is also a threat to national security.
"The inability of decision makers to peacefully resolve the Ogoni crises in over 28 years leading to the loss of over
He assured Ogonis of MOSOP's commitment to Ogoniland 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.
Vanguard News Nigeria
Copyright Vanguard. Distributed by AllAfrica Global Media (allAfrica.com)., source