NIGERIA MAY LOSE OVER $25B TO NLNG ACT AMENDMENT
The Nigeria Liquefied Natural Gas (NLNG) has warned that any move to tinker with the 2004 Act would violate bilateral agreements with international investors as well as cost the country a whooping $25 billion in Foreign Direct Investment (FDI) and fines running in billions at the International Courts.
The outgoing Managing Director and Chief Executive Officer of NLNG, Babs Omotowa, said this in Lagos yesterday at the National Association of Energy Correspondents (NAEC) Annual Conference.
Read more @ The Guardian
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