In a dramatic escalation of tensions, Rivers State Governor Sim Fubara has ordered the immediate shutdown of the Nigerian National Petroleum Corporation (NNPC) and all oil companies operating within the state. This unprecedented move comes with a stark declaration: "No allocation for Rivers State, no oil for Nigeria."
The governor's decision has already had significant repercussions. Within minutes of the shutdown, Nigeria plummeted in the global oil production rankings, dropping from 4th to 24th place. Governor Fubara's actions are seen as a direct challenge to both Minister Nyesom Wike and President Bola Tinubu, as he calls for immediate federal action to address the perceived neglect of Rivers State in national oil revenue allocations.
As the situation unfolds, the implications for Nigeria's economy and oil market remain to be seen, with many observers questioning how the federal government will respond to this bold stance.