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ARTICLE · 27 FEBRUARY 2019

Niger – Delta Development Commission (Establishment)(Amendment) Act 2017: Matters Arising

On 29 December 2017, the Nigerian President signed into law the Niger-Delta Development Commission (Establishment)(Amendment) Act ("Amendment Act").

NigeriaEnergy and Natural Resources

Niger – Delta Development Commission (Establishment)(Amendment) Act 2017: Matters Arising

On 29 December 2017, the Nigerian President signed into law the Niger-Delta Development Commission (Establishment)(Amendment) Act ("Amendment Act"). The Amendment Act amends the provisions of Section 14(2)(b) of the Niger-Delta Development Commission (Establishment, etc) Act (the "Principal Act") as follows:

"There shall be paid and credited to the fund established pursuant to subsection (1) of this section –

(b) 3 per cent of:

(i) the total annual budget of any oil producing company operating onshore and offshore, in the Nigeria Delta area; and;

(ii) the total annual budget of any gas processing company in the Niger Delta area, excluding the cost of feed gas."

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