The Niger Delta Youth Congress (NDYC) has presented comprehensive demands to the Federal Government, focusing on economic restructuring and regional development in the oil-producing region. During a recent world press conference, the organization outlined critical requirements aimed at addressing long-standing inequities in resource management and economic distribution.
Central to NDYC’s demands is the immediate relocation of oil companies’ headquarters to oil-producing states within the first quarter of 2025. The organization argues that the current arrangement, where oil companies operate from non-oil producing states like Lagos, deprives the Niger Delta region of significant tax revenues and employment opportunities.
Another crucial demand is the full activation of the Warri and Sapele seaports. NDYC maintains that the concentration of maritime activities in Lagos ports has severely limited the economic potential of the Niger Delta region. The organization is calling for immediate government intervention to restore these strategic ports to full functionality.
The youth congress also expressed strong opposition to the recent scrapping of the Tertiary Education Trust Fund (TETFund), viewing it as detrimental to educational development in the region. They are advocating for its immediate reinstatement with a transparent disbursement formula.
NDYC’s National Coordinator, Comrade Israel Uwejeyan, emphasized that these demands reflect the region’s determination to reclaim its economic rights. The organization insists that the Federal Government must address these issues promptly to ensure equitable development and resource distribution in the Niger Delta region.
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In a significant move towards regional economic autonomy, the Niger Delta Youth Congress (NDYC) has issued a comprehensive set of demands aimed at restructuring the economic landscape of Nigeria’s oil-producing region. The announcement came during a world press conference addressing long-standing concerns about resource management and regional development.
The NDYC has established a first-quarter 2025 deadline for the implementation of two major economic initiatives. The first calls for the mandatory relocation of oil company headquarters to oil-producing states, a move designed to ensure that corporate taxes, VAT, and royalties directly benefit the host communities. This relocation would significantly impact states such as Bayelsa, Rivers, Delta, and Akwa Ibom.
Parallel to this, the organization demands the full reactivation of the Warri and Sapele seaports. The NDYC argues that the current concentration of maritime activities in Lagos has created an artificial bottleneck in Nigeria’s maritime sector, while viable ports in the Niger Delta remain underutilized.
Additionally, the youth congress has taken a strong stance against the recent dissolution of the Tertiary Education Trust Fund (TETFund), highlighting its crucial role in developing higher education infrastructure across the region.
According to NDYC National Coordinator Comrade Israel Uwejeyan, these measures are essential for addressing historical inequities and ensuring sustainable development in the Niger Delta region. The organization emphasizes that these reforms are crucial for the equitable distribution of resources and opportunities within Nigeria’s federal structure.
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The Niger Delta Youth Congress (NDYC) has presented a strategic framework for economic restructuring in Nigeria’s oil-producing region, outlining critical reforms needed for sustainable development. The announcement, made during a world press conference, addresses fundamental issues affecting the region’s economic prosperity.
At the forefront of NDYC’s agenda is the mandated relocation of oil company headquarters to oil-producing states by the first quarter of 2025. This initiative aims to rectify the current situation where oil companies extract resources from the Niger Delta while maintaining their operational bases in non-oil-producing states. The organization emphasizes that this restructuring would ensure direct allocation of corporate taxes and other revenues to the host communities.
The second strategic priority focuses on maritime infrastructure development, specifically calling for the immediate revitalization of the Warri and Sapele seaports. NDYC contends that activating these ports would not only stimulate regional economic growth but also optimize Nigeria’s maritime sector through decentralization.
In addressing educational development, NDYC has strongly opposed the recent discontinuation of the Tertiary Education Trust Fund (TETFund), advocating for its immediate reinstatement with enhanced transparency measures.
NDYC’s National Coordinator, Comrade Israel Uwejeyan, emphasizes that these reforms are essential for establishing economic equity and sustainable development in the Niger Delta region. The organization maintains that implementing these measures is crucial for Nigeria’s balanced economic growth and regional stability.