‘FLNG’s $1.8m Facility Unlocks New Era Of Gas Industry’
Lagos
Nigeria is about witnessing a new era of Liquified Natural Gas(LNG) industry growth and across the region as the demand for energy continues to increase, following UTM Offshore agreement for the Front-End Engineering Design (FEED), of its LNG Floating project.
The agreement will kickstart construction for Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility with engineering firms KBR, JGC Corporation and Technip Energies on November 16 in London.
With first production from the $1.8 million FLNG facility anticipated before 2027, UTM Offshore’s FLNG project will unlock opportunities in the LNG space.
Having signed an agreement to co-finance the development with the African Export-Import Bank earlier on, UTM Offshore’s signing of the FEED will move the development of the massive FLNG project from the fundraising stage to the implementation phase with parties involved, including, NNPC Limited and ExxonMobil, in the OML 104 block development, seeking to fast track the development, exploitation and monetisation of stranded gas resources to ensure energy security, access to energy and clean cooking and industrialisation in Nigeria, across the region and abroad.
The African Energy Chamber(AEC), as the voice of the African energy sector, strongly supports the development and commends UTM Offshore and its partners for the milestone.
The Federal Inland Revenue Service (FIRS) has moved to boost its revenue collections drive in the bid to realise the N10.4 trillion target given to it by the federal government, with the opening of 25 new tax offices across the country.
These new tax offices, approved by the FIRS management under the leadership of the executive chairman, Muhammad Nami, are part of the Service’s goal to bring tax services nearer to the tax-paying public.
The FIRS stated that these new Tax Offices would help bring many taxpayers into the tax net,
The minister of Aviation, Senator Hadi Sirika, said, the Runway 18L/36R of the Muritala Muhammed Airport, Lagos has caused untold hardship in the sector for 14 years.
The minister made this known at the Protocol Lounge of the General Aviation Terminal (GAT) in Lagos and appreciated stakeholders for their patience while the professional team of the Federal Airports Authority of Nigeria (FAAN) and the contrachelp filling of Companies’ Income Tax, and Value Added Tax as well as monitor compliance with other Taxes.
Speaking at the launch of one of these new Tax Offices — the Micro and Small Tax Office, Epe, Lagos, the group lead, of the General Tax Operations Group at FIRS, Kabir Abba, stated that the FIRS Management holds these offices as important, and expects them to spearhead tax collection activities in the area.
He noted that the FIRS Boss had directed that members of staff at these offices were expected to take the assignment very seriously while working tenaciously towards bringing more taxpayers tors delivered on the runway.
According to the minister, subsequent governments have overlooked the critical infrastructure to the level that airlines are accruing loses over the runway.
The minister, however, stated that, he landed on runway 18L/36R at about 10pm on Monday, November 14, 2022 and maintained that the runway lighting and other safety components were working perfectly.
According to him, “the 2.7 km long runway 18L/36R‘s approach lights, into the tax net.
Nami noted that the deployment of technology had made their work easy, especially since the taxpayers could work from the comfort of their offices and homes, to register for tax, file returns and pay their taxes in a quick and seamless manner, including applying for their Tax Clearance Certificate.
Also addressing the tax officers at Epe, the director technical of the Service, who also serves as the Chairman of the New Satellite Tax Offices Implementation Committee, Barr. Iro Ukpai urged the office to reciprocate the confidence entrusted to them by the management.
Runway Lights (Threshold and Centre, edge light and others were working perfectly and would bring about succour to airline operators in terms of cost saving and comfort to passengers because of its time saving benefit.”
Sirika said, the Runway has caused untold hardship in the sector for 14 years and subsequent governments have overlooked this critical infrastructure even to the level that airlines started seeing the abnormal as a norm.
Yadudu