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NLNG’s dividends, taxes to Nigeria hit $41.8bn in 17 years

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The Nigeria Liquefied Natural Gas (NLNG) limited has declared that its dividends, taxes and levies to Nigeria had hit $41.8 billion mark in 17 years. Managing Director and Chief Executive Officer of the company, Mr. Tony Attah, who revealed this during the launch of the latest Facts and Figures on NLNG in Lagos yesterday, maintained that the gas company raked in $95.09 billion as revenues and invested $16.6 billion as capital investments between 1999 and 2016, the period under review.

The money got to the government, according to Attah, through dividends and gas purchase to Nigerian National Petroleum Corporation (NNPC); Company Income Taxes (CIT); Pay As You Earn (PAYE); Value added Tax (VAT); Taxes to states and local governments; regulatory fees and levies, as well as Withholding Taxes.

The document, presented by the NLNG boss, showed that $15.701 billion was paid to the NNPC as dividends; while the corporation also received over $13 billion as gas purchase and gas purchase escrow.

The Company Income Taxes paid to the government was $4.186 billion, while the PAYE from the company hit $365.3 million during the period under review. The document showed that $1.031 billion withholding tax went to the government coffers from the NLNG account between 1999 and 2016 while $672.42 million was paid as VAT to the government.

The states and local government areas received $9.19 million; $322 million was paid as regulatory fees and levies while $5.66 billion went to the Nigerian economy through local contracts for goods and services.

Attah, who addressed newsmen in company of Deputy Managing Director (DMD) of NLNG, Sadiq Maiborno; and General Manager, Finance, Solomon Folaranmi, maintained that the company, which posted $1 billion in 2016, could increase its taxes and levies to Nigeria when its $25 billion Final Investments Decision (FID) is taken on Train 7 and Train 8.

These investments potentials, which would boost employment by 18,000 jobs creation, he continued, are being hampered by the ongoing efforts by the National Assembly to amend the NLNG Act. “Any amendment of the act will portray Nigeria as a promise-breaker and it could prevent the required investments of $1 to $3 billion. The amendment could generally hamper Trains 7 and 8; the act should be left alone,” he said.

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Obasanjo, Jonathan, Dickson harp on true reconciliation, unity

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Former Presidents, Chief Olusegun Obasanjo, Dr. Goodluck Jonathan and Bayelsa State Governor, Seriake Dickson, at the yesterday reaffirmed their call on Nigerians to embrace peace and unity for the good of the country. The leaders spoke during a thanksgiving service for the successful groundbreaking ceremony of Azikel Refinery at St. Stephen’s Anglican Church, Otuoke, Ogbia Local Government Area of the state.

A statement signed by the Chief Press Secretary to the Governor, Mr. Francis Ottah Agbo, quoted Obasanjo as saying that leaders, particularly the political class, must work for unity, peace and genuine reconciliation, irrespective of tribe, religion and political affiliation. Obasanjo, who heralded his speech with one of his favourite hymns; ‘Amazing Grace,’ noted that God had blessed Nigeria with all the prerequisites of greatness. He urged Nigerians to learn from history rather than make the same mistakes and expect to have a different result.

He said: “In a country like Nigeria, unless we preach, teach and practice reconciliation, we will not have peace. And unless, we have peace, we will not have development. And unless, we have development, we will not have growth. “And without growth, we will not come out of poverty. Even if some of us are exceptionally lucky and are able to get out, majority of us will be writhing in poverty and that’s not what God ordained for this country.

“This nation is a land flowing with milk and honey and a land of plenty and prosperity.” In his remarks, former President Jonathan, who corroborated the views of Obasanjo, said God had not made a mistake by bringing people of diverse culture and religion together as a nation. Jonathan, therefore, expressed optimism of a better Nigeria in the near future, stressing that the country was not as bad as it was being portrayed in some sections of the media. Also, Governor Dickson, who appreciated Obasanjo for his time in the state and his fatherly counsel, assured the people that the state would continue to hold him in high esteem for his support.

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Onaiyekan to Buhari: You’re not delivering on your promises

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The Catholic Archbishop of Abuja, John Cardinal Onaiyekan, yesterday, yesterday told President Muhammadu Buhari that the change he promised Nigerians was becoming a mirage. Onaiyekan, who delivered a homily at the opening Mass of the first 2018 plenary of the Catholic Bishops Conference of Nigeria (CBCN), also told the president that Nigerians deserved more than they were getting from him. He therefore called on Nigerians to use the 2019 election to effect a radical change for the betterment of the country.

He argued that in the last three years, Nigerians have been hearing much about change, but have seen rather little of it. He said: “Yes, our nation is in a state of uncertainty and confusion. A few things are going well in the society and the economy for which we thank God and congratulate our leaders.

They tell us that they are doing their best. But a lot still needs to be done and too many problems have been left to fester. Our nation surely deserves far better than it is now getting in terms of good governance, social justice and peace and minimum of well being for our people.”

The former President of CAN said so far, government has spent so much time and energy demonizing its predecessor that it seemed to have forgotten its promise of a better life for Nigerians. He added:“It has unfortunately allowed the initial massive goodwill it enjoyed to be depleted, almost to nonexistence.

It is no wonder that many Nigerians are looking for a new political organization that can truly bring about genuine change for the better. Having tried our two major political parties and found none of them up to our expectation, the nation is on the verge of despair….” “Another election is fast approaching.

We must seize this God-given opportunity to radically change things around. We should no longer allow politics to remain business as usual in the hands of the same gang of speculators and opportunists. We must change the rule of the game, not the faces of the players.” However, Buhari, who was represented by the Secretary to the Government of the Federation (SGF), Boss Mustapha, said the CBCN was the only Christian platform that gave the president a listening ear prior to the 2015 presidential election. Mustapha added that the president believed that the CBCN was a strategic partner in building the nation, even as he noted that the CBCN have a lot to offer the nation.

“And for that reason, he remains eternally grateful. And I remember at that engagement, they asked very pertinent questions – direct, bullets to the face. And he provided answers. And because of that reason, he believes that the Catholic Bishops Conference of Nigeria is a strategic partner in the enterprise of growing the Nigeria nation and he believes that they have a lot to offer,” Mustapha said. Also speaking, a former Governor of Abia State, Dr Orji Uzor Kalu, maintained that the current administration has done well, particularly in the area of infrastructural development.

Kalu particularly mentioned the Second Niger Bridge; Enugu-Onitsha Expressway; Enugu-Port Harcourt- Okigwe; Aba-Umuahia Expressway, while also saying that the president is doing everything within his power to salvage the economy. Speaking with journalists, Kalu prayed for the good of the country and wished Nigerians well, that they can enjoy the dividends of democracy. “This is not media hype. I am not a spokesman for the president. Everybody knows that I speak the truth. APC have done very well

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IBB to PDP: Provide a better choice for Nigerians

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Former Military President, General Ibrahim Babangida, has charged the leadership of the Peoples Democratic Party (PDP) to be ready to provide a better choice to Nigerians in 2019. This is as the PDP National Chairman, Prince Uche Secondus, said that the party is set for its eventual return to power in 2019. Babangida and Secondus, who spoke over the weekend, said Nigerians were happy with the rebranding and repositioning going on in PDP.

The former military president, who spoke when members of PDP National Working Committee (NWC) visited him in Minna, the Niger State capital, expressed satisfaction with the rebranding so far achieved by the PDP ahead of the 2019 general elections. “I am happy at your assurances that there will be no imposition in all your primary elections.

It is all about choice and you have promised to provide the best choice,” PDP National Publicity Secretary, Kola Ologbondiyan, quoted Babangida in a statement. Babangida told the PDP leadership that not a few Nigerians believed that the elective national convention of the party would hold. “Your ‘reposition, rebrand and regain’ agenda is working and I mean particularly the rebranding.

Some people believed that having been in government since 1999, the PDP will find opposition difficult, but you are carrying on well and providing a better alternative. “You have also not abandoned the people in times of crisis. I monitored your activities in Benue, Taraba and you just said your party has sent members to Zamfara to commiserate with the people. Surely you have made the people the centre of your return and they will not forget you because you were with them in time of sorrow,” he said.

At a meeting with Forum of Speakers of PDPcontrolled state Houses of Assembly, Secondus assured them that what would come out of the reengineering going in the party would make it a formidable opposition ready and determined to regain power in 2019. In a statement by his media aide, Ike Abonyi, the PDP National Chairman noted that many Nigerians were anxiously waiting for PDP’s return to power.

“Our visits to states reveal that only PDP governors are delivering in their campaign promises and their people are happy and supportive. “In Abia, Delta and Bayelsa states where we visited recently, PDP governors are phenomenal in their performance. No wonder the people are trooping back to the party from the wobbling ruling APC,” Secondus said.

He told the speakers that their position is very critical to the mobilization programmes of the party because of their closeness to the grassroots, and urged them to “remain connected to your people because we are taking the party back to the real owners, the people at the grassroots where you are closer.”

The National Chairman told the speakers that the party is planning a deliberate policy that would take the party to the youth through a new programme called “Generation Next” that would soon be launched and called on the speakers to key into it as most of them belong to that generation. He lamented the killings and economic hardships, which Nigerians contend with on daily basis, stressing that “our country has never witnessed the type of division our people are currently facing.

“Today, our nation is drifting and as leaders (we) cannot afford to keep quiet and watch on the sides. Leaders must come together and take a firm position on how to save our nation from the precipice. “PDP remains the only alternative platform based on our experience more so because we have learnt our lessons. We have resolved to play by the rules and operate within the confines of our party’s and the Nigerian constitution.

“We are rebranding and repositioning to make our party open to all and regain the land for the people. We are determined to give opportunities to the youth and our women. We also want to mentor a new generation of young Nigerians that will take our nation to the next millennium,” Secondus said.

Earlier, the Chairman of PDP State Speakers’ Forum, Sheriff Oborevworio, told Secondus that they came to congratulate and identify with the new party executive. Oborevworio, who is the Speaker of Delta State House Assembly, said speakers were ready at all time to assist the party in its efforts to regain power in 2019.

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