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Tag: Brass Fertiliser and Petrochemical Company project

Bayelsa Seeks Stake In Brass Fertiliser, Petrochemical Projects

Bayelsa Seeks Stake In Brass Fertiliser, Petrochemical Projects

News Feature
Bayelsa State government has solicited for equity stake in the Brass Fertiliser and Petrochemical Company project about to commence on the Brass Island in the state. Governor Douye Diri made the request on Tuesday when the management team of the company paid him a courtesy visit in Government House, Yenagoa. The Bayelsa governor said the state’s position became necessary due to the negative fallouts in excluding oil producing states and local governments from the Petroleum Industry Act (PIA). Senator Diri in a statement by his Chief Press Secretary, Mr. Daniel Alabrah, contended that implementation of the PIA had been hampered in host communities due to the anomaly in the legislation. He noted that the disregard in the PIA of the Nigerian Constitution, which vests control of land ...