THE Senate has kicked against the extractive operational model executed in Nigeria by Chevron, Exxon and other oil companies without manufacturing content as obtained in other countries.

It particularly lamented that while Chevron, apart from crude oil exploration in Saudi Arabia, was also manufacturing Polypropylene, one of the waste products from gas, to produce Syringes which fetches Saudi Arabia $ 6 billion annually.

Speaking during an interactive session with management of the National Content Development and Monitoring Board, NCDMB, in Abuja yesterday, the Senate Committee on Local Content, led by Senator Natasha Akpoti-Uduaghan, PDP, Kogi Central, noted that Exxon Oil does the same in the United States of America by making the country the third largest producer of Polypropylene.

Meanwhile, the NCDMB has asked the committee to summon the oil companies for explanations on their extractive mode of operation without manufacturing content.

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Senator Natasha Akpoti-Uduaghan wondered why the same international oil companies exploring crude oil in Nigeria didn’t go the extra mile of using waste products from crude oil to manufacture the needed products in the country.

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Senate kicks against Chevron, Exxon, others turning Nigeria to extractive zone

She added that the gap in the operational model of the International Oil companies, according to the committee, led to the collapse of Jubilee Syringe Plant in Bayelsa due to lack of the needed raw material ( Polypropylene)
According to her, since NCDMB says it doesn’t have the power to make the international oil companies diversify their mode of operations , they shall be summoned to give explanations on why they are turning Nigeria to extractive zone and not manufacturing one as it is in other climes .

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She said: “We cannot just allow the oil companies to turn Nigeria to just an extractive zone as far as exploration of crude oil is concerned but a manufacturing one as well with attendant economic value .

“This committee shall, therefore, summon the affected oil companies to appear before it on how what are available in Saudi Arabia, USA etc can be replicated in Nigeria.”