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Wike: Amendment Of NLNG Act Bad For Economy


Rivers State governor, Chief Ezebunwo Nyesom Wike, has advised the Federal Government not to allow the amendment of Nigeria Liquefied Natural Gas (NLNG) Limited Act to sail through at the National Assembly because of the negative multiplier effect it would on the economy.

This is as he said the Rivers State government will join forces with other governors of the  South-South geopolitical zone to stop the amendment of NLNG Act.

Wike, who spoke when the management of the NLNG Limited, visited him at Government House, Port Harcourt, stated that his administration will always defend the economy of Rivers State and the South-South zone.

The governor  also stated that agitations in the South-South have remained rife, because  the authorities  ignore  the  geo-political zone, even though the people produce the wealth that sustains the nation.

He said the state government will mobilise the  state’s representatives at the National Assembly to ensure that the NLNG Limited remains in good stead to continue with her operations.

Wike said, “Anything that will affect the economy of Rivers State, we will always fight it. It is about Rivers State.”

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The governor commended the management of the NLNG for offering to partner with the Federal Government to construct the all-important Bodo -Bonny Bridge.

He said, “I thank you for the Bodo-Bonny Bridge.  I hope it is not political. I have always advocated for this important bridge. I thank the NLNG for telling the Federal Government that they are willing to put down money for the construction of the bridge.”

Wike stated that the people of the South-South geo-political zone always agitate for better investment of their resources in their respective communities  because of the neglect they continue  to suffer.

The governor said, “A big company like NLNG Limited generates funds for the country, yet the Bodo-Bonny Bridge that will create access to Bonny has not been constructed.”

He regretted that the focus of the Federal Government is on the major ethnic groups, saying that because the Hausas and Igbos are involved in conflict, a national meeting  has been called.

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Wike said, “When it is South-South, Nigeria never called a meeting.
But because Arewa has given  a quit notice to Igbos and Igbos have replied, now we are to sit down and talk.

“But when the problem was here, nobody  said sit down and let’s  talk about these people’s problems. Those who are causing this crisis are those who refuse to listen to the yearnings and cries of the people.”

The governor charged  the management of the NLNG  Limited to bring the construction of the ship building dockyard to the state  for the improvement of the economy of Rivers State.

The governor also called on the NLNG  Limited  to act on the agreement it entered with the Rivers State Government for the rehabilitation of schools with the  sum of N4billion.

Earlier, the Managing Director of NLNG Limited, Mr. Tony Attah appealed to the Rivers State government to work with other stakeholders  to ensure that the NLNG Limited bill is not amended  as it will negatively affect the operation of the company in the international stage.

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Attah stated that the NLNG Limited is operating six trains which generates more than 20 million tonnes which makes it the fourth in the global ranking of  LNGs . He added that  the NLNG Limited is building trains 7 and 8, which will take the capacity  of the NLNG to 30million tonnes and make it third in the world.

He said, “I must say that the train 7 and 8 which will be in Rivers State have the potential to bring more than 18, 000 jobs into the state with up to $20billion investments  once we take the final decision.”

He said the amendment  of the NLNG Limited Act will lead to loss of international  confidence, which have negative effect on the economy.

“It will be most unfortunate. We believe  that if this  bill is amended, it will not be  good for NLNG, it will not be good for Rivers State and it will not be good for the oil and gas industry”, he said.

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