Business
N’Delta Youths Protest Against NLNG In PH
Youths of the Niger Delta region have protested in Port Harcourt, the Rivers State capital, over non-remittance of three percent annual contributory fund of the Nigeria Liquefied Natural Gas (NLNG) Bonny to the Niger Delta Development Commission (NDDC).
The youths, under the umbrella of Niger Delta Youth stakeholders (NDYS) on Monday, obstructed the flow of traffic along the Eastern-by pass area of Port Harcourt for hours.
A statement by the National Co-ordinator of NDYS, Edisemi Yiki described the attitude of NLNG as against the socio-economic development of the region.
The body issued a 21-day ultimatum to NLNG to remit the fund to NDDC to enable the Commission meet its target and improve economic activities in the region.
The National Co-ordinator noted that the NDDC Act, section 14 made it mandatory for oil and gas companies operating or doing business in the region to remit three percent of their annual budget to the commission.
He regretted that a big and important company like NLNG Bonny which was expected to get good example for others to follow was flouting the directive.
Attempts to get the reaction of the External relations Department of NLNG could not yeield any result till the time of filling this report.
Chris Oluoh

L-R: Director, Institutional Development, Africa Tax Administration Forum (ATAF), Mr Kennedy Onyonyi, representative of the Acting Executive Chairman, Federal Inland Revenue Service (FIRS), Mr Osy Chuke and a Coordinating Director, FIRS, Hajiya Queensley Seghosime, at the ATAF Seminar on VAT in Financial Services in Abuja last Monday.
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