NLNG Train 7 and the 8th National Assembly
Yusuph Olaniyonu recalls with a sense of fulfillment, efforts of the 8th Senate in redefining the roles of the NLNG in the body polity
Though the contract was awarded to SCD Joint Venture Consortium, comprising three foreign oil giants – Saipem of Italy, Japan’s Chiyoda and Daewoo of South Korea, the contract would create employment for some Nigerians with the technical knowhow and support skills. The Senators noted that since the provision of the law mentioned oil companies, the gas companies had been evading the legal responsibility to contribute to the upkeep of their immediate operating environment.
What this means is that there would be no fixed rate as it is the case with the oil companies under the NDDC Act. The Minister could fix as much as ten per cent or more of the annual budget of the gas producing companies as their contribution to the NDDC. The NLNG also sent a delegation to the Senate President, Dr. Saraki, and Speaker Yakubu Dogara seeking their intervention on the bill. The eight-man delegation comprising members of the executive management committee and shareholder representatives met with Saraki and members of the relevant committees as well as some of the Senators from the Niger Delta area on November 15, 2017 in the Senate Building.
In its place, another bill in the Senate, which already addressed the same issue that the federal legislators from the Niger Delta were aggrieved about, should be supported in both chambers. With that singular action, Saraki, Dogara and their colleagues removed a clog in the wheel of progress of the LNG operations. The intervention showed that the Eighth National Assembly was pro-business. It was also pro-people and was able to maintain a fine balance between national interest and the need to encourage investment in the economy.
Yusuph Olaniyonu recalls with a sense of fulfillment, efforts of the 8th Senate in redefining the roles of the NLNG in the body polity Though the contract was awarded to SCD Joint Venture Consortium, comprising three foreign oil giants – Saipem of Italy, Japan’s Chiyoda and Daewoo of South Korea, the contract would create employment for some Nigerians with the technical knowhow and support skills.
The Senators noted that since the provision of the law mentioned oil companies, the gas companies had been evading the legal responsibility to contribute to the upkeep of their immediate operating environment. What this means is that there would be no fixed rate as it is the case with the oil companies under the NDDC Act. The Minister could fix as much as ten per cent or more of the annual budget of the gas producing companies as their contribution to the NDDC.
The NLNG also sent a delegation to the Senate President, Dr. Saraki, and Speaker Yakubu Dogara seeking their intervention on the bill. The eight-man delegation comprising members of the executive management committee and shareholder representatives met with Saraki and members of the relevant committees as well as some of the Senators from the Niger Delta area on November 15, 2017 in the Senate Building.
In its place, another bill in the Senate, which already addressed the same issue that the federal legislators from the Niger Delta were aggrieved about, should be supported in both chambers.
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