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."