Why We invested in Bonny-Bodo Road Construction – NLNG

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TONY Attah, managing director, Nigeria LNG Limited, NLNG, has said the company’s love for host communities compelled it to invest in the construction of the 34-kilometre Bonny Island–Bodo road in Rivers State.

The company recently signed a N120.6 billion tripartite agreement with the Federal Government and Julius Berger Nigeria Limited for the construction of the road.

The agreement was signed in Abuja by Attah, and Babatunde Fashola minister of power, works and housing, on behalf of the federal government, with Julius Berger signing through Wolfgang Goesh, its managing director. NLNG’s involvement in the project is significant as the largest single CSR initiative ever undertaken by a private company in Nigeria.

NLNG agreed to provide 50% counterpart funding, amounting to N60.3 billion, to boost safe travels and socio-economic activities in the region through the road. The 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.

Attah said the road was important to NLNG as it will contribute to the advancement of the Niger Delta. “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.

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 corporate social responsibility projects in the Niger Delta 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/levies.

 

– Sept 22, 2017 @ 10:53 GMT /

 

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