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    Chronicle NG

    Senate moves to confer oil-producing status on Lagos, Bauchi, Gombe, other states

    Chronicle EditorBy Chronicle EditorNovember 11, 2021No Comments2 Mins Read
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    The Amendment of a bill to include Kogi, Lagos, Anambra, Gombe and others among the Niger Delta Development Commission (NDDC) scaled second reading at the Senate on Wednesday.

    The bill titled: “A bill for an Act to amend the Niger Delta Development Commission (NDDC), Act No 6, 2000 and for other related matters connected therewith, 2021”, was sponsored by Senator Adeola Solomon Olamilekan representing Lagos West Senatorial district.

    Olamilekan in his lead debate submitted that the NDDC Act was activated over 21 years ago and since then, oil and gas have been discovered in Lagos, Kogi, Anambra, Gombe, Bauchi and other States, hence, the amendment would offer an opportunity for the Act to capture peculiarities of the new oil states.

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    In his contribution, Senator Ahmad Baba Kaita representing Katsina North Senatorial district, having supported the amendment proposal, recalled how a former GMD of NNPC told Senators previously that Nigeria would become one of the largest oil producers in the world if oil discoveries in the country are harnessed.

    He said: “Thank you Mr President I remain Senator Ahmad Baba Kaita, Katsina North Senatorial district. Regarding the motion on the oil-producing States, I think what is good for the goose is good for the gander. In a state like Borno, where oil has been discovered, I remember the former Group Managing Director of NNPC arguing here that with such states coming on board, Nigeria will be one of the largest oil producers if we harness our resources.

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    Dangote refinery secures $2.5bn loan from Afreximbank

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