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...

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