Shell Energy Entrepreneurs banner Yudala banner
NLNG, FG, JBN sign N120bn Bonny-Bodo Road project agreement

By News Express on 14/09/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 798

•NLNG MD/CEO Tony Attah signing the agreement
•NLNG MD/CEO Tony Attah signing the agreement

The construction of Bonny Island–Bodo road in Rivers State came closer to actualisation on Wednesday as Nigeria LNG Limited (NLNG) signed a tripartite agreement in Abuja with the Federal Government, represented by the Ministry of Power, Works and Housing, and Julius Berger Nigeria Limited, to part-fund the construction of the N120.6 billion road connecting communities in the state. The event was taken contemporaneously with the signing between the Federal Government and Julius Berger of the contract document for the construction of the road.

NLNG’s involvement in the project is significant as the largest single Corporate Social Responsibility initiative ever undertaken by a private company in Nigeria.

At a ceremony to formalise the partnership, NLNG agreed to provide 50 percent counterpart funding amounting to N60.3 billion to boost safe travels and socio-economic activities in the region through the road. The 34-kilometre road will help address the twin challenges of poverty and unemployment as well as improve the lives of people of the region, especially those from Bonny, Ogoni, Okrika, Eleme, Andoni, and other communities in the Niger Delta.

The Federal Government's efforts to build the road had been hampered for decades, largely by funding and contractor issues, causing NLNG to intervene especially because of the importance of the road to residents of Bonny Island, who daily brave the vagaries of the sea to travel to the mainland.

The agreement was signed by NLNG’s Managing Director and Chief Executive Officer, Mr. Tony Attah, and the Power, Works and Housing Minister, Mr. Babatunde Fashola on behalf of the Federal Government, with Julius Berger signing through Mr. Wolfgang Goesh, its Managing Director.

In his remarks, Attah said: “This, for Nigeria LNG, is part of our effort to contribute to the advancement of the Niger Delta. More importantly for us as a company, our contribution to the project will lead to the accomplishment of the dream of connecting Bonny Island to the rest of Rivers State by road and not only by sea.

“Our greater joy is that the road will ease the plight of people of Bonny Island, the community that has amicably hosted the NLNG plant and operations for so long. Over the years, our love for our host community had compelled us to open up our strictly-business sea vessels to accommodate members of the community, and their visitors, and save them from the hazards of the sea to the best of our ability.

“If you have kept track of our business principles and all our CSR activities, you will by now be convinced that we have kept our promise to help build a better Nigeria and especially our host communities in the Niger Delta region,” he said.

Commenting on the partnership with NLNG, Fashola commended NLNG saying, “NLNG has stepped up as a unique example of the constructive role the private sector can play in national development. This project represents a defining moment in Government’s determination to strengthen and improve the quality of life in the Niger Delta which holds so much of the country’s resources.”

NLNG’s financial contributions to Nigeria and the Niger Delta have been significant. It has generated $90 billion in revenues, paid $5.7 billion in taxes as well as committed more than $200 million to CSR projects in the region, especially in the areas of capacity building and infrastructure development. The company also pays or remits N6 billion annually to the Rivers State Government and over N140 million annually to the Bonny Local Government Council under various heads of taxes and levies. 

NLNG continues to contribute significantly to the Niger Delta through its unique approach to CSR in areas of human capital, infrastructure development and enterprises. The company also recently spent $12 million on building or refurbishing and equipping engineering laboratories at six universities selected from Nigeria’s geo-political zones. All the projects have been successfully completed and commissioned.

Hundreds of young Nigerians, especially from the Niger Delta, benefit from NLNG post-primary, undergraduate and overseas post graduate scholarships. Also significantly, residents on Bonny Island have access to uninterrupted electricity supply, pipeborne water and accessible roads courtesy of NLNG and its partners on the Island.

Bonny also houses NLNG’s Vocational Centre accredited by UK City and Guilds Institute, and provides technical and entrepreneurial skills training for hundreds of community beneficiaries. In addition, NLNG initiated a $1 billion Vendor Finance Scheme in 2013, which affords local businesses access to low cost finance to encourage local content development and enable growth. 

Through a Memorandum of Understanding signed with Bonny Kingdom for the economic development of the Kingdom, NLNG is committing N3 billion per annum over a 25 year period  to be managed by and on behalf of the community.

NLNG is owned by four shareholders: the Federal Government of Nigeria, represented by the Nigerian National Petroleum Corporation, NNPC (49 percent), Shell Gas BV, SGBV, (25.6 percent), Total Gaz Electricite Holdings France (15 percent), and Eni International (N.A,) N. V. S.àr.L (10.4 percent).

 

Source News Express

Posted 14/09/2017 02:29:37 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Team Nigeria to depart for IAAF World Championships...

Massive gully erosion threatens N8 billion structures in...

Sheriff threatens to jail Makarfi, others for alleged...

RIGHTSView: Cyber plagiarism as a national pastime

Troops destroy 74 illegal refineries in the Niger...

Industrialisation: Edo set to seal power supply deal...

Nigerian rights group petitions ICC, urges intervention to...

Two-day training for journalists targets accountability on child...

Veritas University set for Peace Conference, poised to...

Niger Assembly confirms 14 commissioners-nominee, rejects 1

Release Kanu, others unconditionally, Southern Leaders tell Buhari...

SKG Pharma holds annual trade partners conference, rewards...

 

Latest News US announces time for relocation of Embassy to Jerusalem Gunmen abduct lawmaker’s 2 children, kill 3 villagers 80 students escape death as fire razes hostel Combat-ready MOPOL to tackle killer Badoo boys, other criminals in Ikorodu Lagos Nigeria, US launch Security Governance Initiative Go for second term, South-East APC leaders urge Buhari Government shutdown takes heavy toll on US workers, economy WHO donates 853 motorcycles to Nigeria for disease surveillance Music star Olamide joins war against drug abuse Kano market fire ‘economically destabilising’ — Buhari Weah sworn in as Liberia president, vows to end corruption Enugu Airport runway wears new look

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (316,502 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (307,134 views) Shameless Genevieve Nnaji exposes breasts in public (245,707 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (201,879 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (190,501 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (179,936 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (156,092 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (140,474 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (136,402 views) Lagos plane crash: Journalist releases victims’ names (124,849 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (122,221 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (119,192 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,855) Business Verdict (32) Columnists (792) Complaints & Requests (94) Enterprise & Opportunities (201) Entertainment (431) Features (541) Global Business Monitor (222) International (1,753) Interviews (139) Live Commentary (28) Love Matters (100) News (32,096) Opinion (869) Pidgin (10) Politics (4,367) Religion (667) Sports (1,408) Stock Watch (26) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

Football president George Weah puts Liberian army to the test

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!