Newsexpress place banner advert Yudala Triple Jara Offer
NLNG, Nigeria’s best success story — Minister

By News Express on 09/03/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 533


The Minister of Information and Culture, Alhaji Lai Mohammed, has described the Nigeria Liquefied Natural Gas (NLNG) Limited as a shining example of the Nigerian success story in management and technical competence.

The Minister showered the encomiums on Tuesday on Bonny Island, Rivers State, after a facility tour of the plant of the NLNG, a company that is being managed 100 per cent by Nigerians and which has 95% Nigerian Staff.

He said: “Until I came here I did not know that Nigeria has a humongous asset as the NLNG. I have been reading about NLNG but coming here and having a first-hand experience and information, the briefing and the tour of the place have actually changed my mind completely about the NLNG.

“I am inspired, excited and proud to be a Nigerian. This probably is the best success story of this country and my pride largely derives from the fact that this company is run by Nigerians. The management entirely represents Nigeria and when you look at the complexity of the operation, I'm also very proud that this is coming from Nigeria.”

Alhaji Mohammed said the NLNG is the incubator for the growth of the nation’s oil and gas industry, and that if adequately encouraged, the company will replicate in Nigeria the kind of transformation that Qatar did with its gas reserves.

The Minister urged the media to continue to project the NLNG positively to ensure that the vision of the company is realised.

In his remarks, the Managing Director of the NLNG, Mr. Tony Attah, said the time has come for Nigeria to unleash its gas potential and power the economy, especially as the country has the ninth largest gas reservoir in the world with a proven 187 trillion cubic feet.

Mr. Attah said in order to realise the dream, the NLNG is embarking on the ambitious project for the construction of Trains 7 and 8, which will attract $25 billion Foreign Direct Investment and the creation of 18,000 jobs in the construction phase alone.

“It’s time for gas and it’s time for Nigeria and we believe this is possible. We see that opportunity from Trains 7 and 8 unleashing the gas potential. We see deliberate opportunities of the country going after the 600TcF of gas (reserve). In building Trains 7 and 8, potential investment that will be coming is about $25 billion,” he said.

Mr. Attah said the country, through the NLNG, has succeeded in reducing gas flaring from 65% to 20%, and that it will continue to diversify the energy

resources and monetise gas in the country.

According to Mr. Attah, the NLNG has so far paid $5.5 billion in taxes and $15 billion in dividends to the Federal Government and has spent $13 billion on the purchase of gas to process into liquefied form.

•Photo shows Minister of Information and Culture Lai Mohammed (middle), Managing Director of the Nigeria Liquefied Natural Gas Limited (NLNG) Tony Attah (left) and the General Manager, Production, Mr. Tayo Oginni (right), during the tour of the NLNG Industrial Complex on Bonny Island, Rivers State, on Tuesday.

Source News Express

Posted 08/03/2017 10:34:55 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Goat thief smells pepper after being nabbed by...

Dickson most labour friendly Governor —BDF, Bayelsa workers...

Boko Haram Commanders wiped out during leadership meeting...

Igbo governors move against attempts to declare State...

Northern youths hail Akpabio, declare him apostle of...

2014: End of the road for Aregbesola but...

Keshi disowns fake account, cries out to Facebook...

Why Buhari’s anti-corruption war is failing, By Achilleus-Chud...

Conversation with Agric Minister Akin Adeshina on Nigeria,...

Bukola Saraki and the race for Senate Presidency,...

Today’s Weather: Expect dust haze, reduced visibility —...

Ibori and a nation united by corruption, By...

 

Latest News Weatherman forecasts cloudy weather with chances of localised thunderstorms Shehu clears Buhari over PUNCH reporter’s expulsion from Aso Rock Amosun commissions ultra-modern Automobile Workshop, promises 3 more Nnamdi Kanu: SERG hails judiciary, urges FG to obey order this time Nigeria equity market sustains growth Ekiti LG laments 14 months blackout, begs BEDC NRC boosts Abuja-Kaduna rail service Bayelsa Govt. bemoans delay in release of second tranche of Paris Club refunds Economy: VP seeks banks’ support Mass redeployment of senior officers hits Customs CBN sells $25m in new FX window for investors, exporters African Development Bank approves $280m to support Nigerian youths in agriculture

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (240,959 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (218,431 views) Shameless Genevieve Nnaji exposes breasts in public (181,236 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (163,664 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (154,847 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (135,824 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (118,770 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (116,887 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (104,652 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (101,524 views) Lagos plane crash: Journalist releases victims’ names (99,971 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (94,412 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,525) Business Verdict (15) Columnists (668) Complaints & Requests (86) Enterprise & Opportunities (146) Entertainment (308) Features (430) Global Business Monitor (146) International (1,350) Interviews (119) Live Commentary (28) Love Matters (51) News (23,700) Opinion (679) Pidgin (8) Politics (3,669) Religion (519) Sports (1,253) Stock Watch (18) AMA & Al Jazeera Global Update

 

 

CBN Advert

 

Certificate Controversy: Dino Melaye celebrates as Vice Chancellor confirms he graduated...

 

APO Newsbreak logo

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!