NLNG bill hangs in the balance as opposition grows

The threat of a revolt in Nigeria’s parliament could scupper new legislation designed to force Nigeria LNG to pay more tax The threat of a revolt in Nigeria’s parliament could scupper new legislation designed to force Nigeria LNG to pay more tax.
By Miriam Malek 29 June 2017 0 26563
The Bonny Island LNG plant in Nigeria. (Shell)

The governor of Nigeria’s Rivers state is calling on his counterparts elsewhere in the country to oppose a bill that would force Nigeria LNG (NLNG) to pay 3% of its annual income to the Niger Delta Development Commission (NDDC).

Ezenwo Nyesom Wike confirmed to Interfax Natural Gas Daily he will appeal to governors in Nigeria’s southern states to oppose the NLNG Fiscal Incentives, Guarantees and Assurances Act (Amendment) Bill when it passes through the National Assembly. The bill was put forward by representatives from Delta state.

NLNG...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up