NLNG offers FG N60 billion for Bonny-Bodo Road project

The Nigerian LNG Limited (NLNG) has offered to part-finance the development of Bonny-Bodo road project with 50 percent funding worth N60 billion if the Federal Government and relevant agencies including the Niger Delta Development Commission (NNDC) partner with it.

The offer was restated before the Senate Committee on Niger Delta in Abuja by the Managing Director and Chief Executive Officer of the company, Babs Omotowa.

Kudo Eresia-Eke, General Manager, External Relations Division, NLNG said the long standing government project would help to improve infrastructure in the Niger Delta. He stated that the road would better the lives of the thousands of Nigerians, mainly from the Niger Delta, living on Bonny Island, as well other Niger Delta residents in Ogoni, Okrika, Eleme and Andoni among others.

The company also used the opportunity to clarify the company’s position on NLNG’s exemption from payment of a three percent Niger Delta Development Commission (NDDC) agreelevy. Omotowa stated that NLNG was granted exemption from payment of this levy by the provisions of the NLNG Act of 2004.

“Nigeria LNG Limited is a law abiding company and has continued to operate within the confines of local and international regulation and the law since inception”.

The company reminded the committee that the matter under reference was the subject of a legal action filed against NLNG by the NDDC in 2005, and that the case had gone as far as the Supreme Court, which all ruled in NLNG’s favour in October 2011.