Oil Stakeholders Oppose Proposed 3% South-South Levy
By Oluwakemi Kindness Oil industry regulators and operators have opposed a proposal requiring oil and gas producing companies in the South-South to contribute three per cent of their total annual budgets to the South-South Development Commission (SSDC). Thet warn that the levy could increase production costs, discourage investment and duplicate existing statutory obligations. The stakeholders […]
Abbas Backs Stronger Funding for South-South Commission
By Oluwakemi Kindness Speaker of the House of Representatives, Abbas Tajudeen, has backed moves to strengthen the funding structure of the South-South Development Commission (SSDC), saying the commission requires adequate resources to tackle development challenges in the region. Tajudeen spoke on Wednesday at a public hearing organised by the House Committee on South-South Development Commission […]