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Nigerianization of NLNG now 85%,shipping arm hit 84%
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NSML s Clean Water Initiative, a rescue mission to save aquatic life
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In January, when representatives of oil-producing communities converged at the National Assembly for a public hearing on the controversial Petroleum Industry Bill (PIB), they turned the venue into a wrestling ring. The visitors from Niger Delta were in Abuja to clarify their interests in the bill and protest perceived injustice by the federal government and oil companies. Among their demands was a 10% equity shareholding in the oil companies operating in their communities. This was against the provision of the bill, which provides for the creation of Petroleum Host Communities Fund (PHCF) to grant the victimized people 2.5% of the oil companies’ actual operating expenditure for the preceding year.
Why aren’t Nigerians curious about the new PIB?
Petroleum Industry Bill (PIB)
Sun Apr 18 2021
In January, when representatives of oil-producing communities converged at the National Assembly for a public hearing on the controversial Petroleum Industry Bill (PIB), they turned the venue into a wrestling ring. The visitors from Niger Delta were in Abuja to clarify their interests in the bill and protest perceived injustice by the federal government and oil companies. Among their demands was a 10% equity shareholding in the oil companies operating in their communities. This was against the provision of the bill, which provides for the creation of Petroleum Host Communities Fund (PHCF) to grant the victimized people 2.5% of the oil companies’ actual operating expenditure for the preceding year.
Eromosele Abiodun
In a bid to halt capital flight occasioned by dry docking of vessels outside Nigeria, the vessel management company of the Nigeria Liquefied Natural Gas (NLNG), thNLNG Ship Management Limited (NSML), is working with its foreign partners to set up a standard dry-docking facility in the country.
The Managing Director, NMSL, Abdul-Kadir Ahmed, disclosed this.
Ahmed said the planned facility, when fully operational will put an end to capital flight and conserve the much-needed foreign exchange for Nigeria. He stressed that none of the dockyards available in Nigeria could dry-dock any of her LNG vessels.
Speaking during an interactive session with selected news men in Lagos, Ahmed said NSML would have wanted to dry-dock its 11 LNG vessels and one LPG vessel in Nigeria due to the huge revenue such would generate for the country.
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