Further to the recent passage of the Nigeria LNG Limited (NLNG) (Fiscal Incentives, Guarantees, and Assurances) Amendment Act by the House of Representatives, the NLNG has expressed its displeasure at the failure of the House of Representatives to follow the laid down process stipulated in the NLNG Act for any amendment to the Act. The NLNG revealed that amendment to the Act without first duly consulting the shareholders may further weaken its position to attract foreign investments by worsening the already bad situation.
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