Nigeria: Shell Job Cut Will Hurt Economy, Says Sylvia

31 January 2008

Abuja — The Bayelsa State Governor, Timipre Sylva has appealed to the Federal Government to intervene in the planned job cut by the Shell Petroleum Development Company (SPDC) as it would have a spiral negative effect on the Nigerian economy.

Speaking with newsmen in Abuja, Timi Sylva also called on the Federal Government to pay its equity contribution to the oil companies, as it is defaulting in the payment of the mandatory 60 percent of the Joint Venture Partnership.

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