NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
NLNG, Nigeria’s best success story — Minister

By News Express on 09/03/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,472


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 09/03/2017 05:34:55 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Kebbi APC alleges N600m bribe to INEC officials...

Court proscribes IPOB

Court clears way for arrest, prosecution of Babalakin...

Just the same old story…

CBN injects $210m into forex market

Sudden death: Mother of 3 slumps, dies in...

Undergraduate arrested for setting up friend for kidnap...

Auba bags debut goal, Ramsey treble as Arsenal...

Troops repel attack, kill 16 Boko Haram terrorists...

APC petitions Jega over Anambra votes

Navy uncovers illegal bunkering site in Port Harcourt...

Air Force strikes Boko Haram camps as BBOG,...

 

Latest News nPDP votes to remain in APC MASSOB, BIM mark Biafra’s independence •Warn members against violence 2018 Budget: Why NASS included additional funding for primary healthcare — Senator Tejuoso Delta govt donates buses to prisons New APC state chairman resigns from Ogun cabinet Taraba First Lady commends Fidelity bank for donating special learning aids to children with disabilities Atletico Madrid name squad for Super Eagles friendly NiMet forecasts another cloudy day Cornucopia: Jubilation as Odogwu converts to Islam, By Odogwu Emeka Odogwu Teach justice, act justly, By Asoro Abubakri Olatunji Igbo summit: Police arrest 2 suspected armed IPOB members Police capture most wanted Offa armed robbers

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (345,179 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (341,833 views) Shameless Genevieve Nnaji exposes breasts in public (273,282 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (224,674 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (205,150 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (202,690 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (176,872 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (159,181 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,152 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,354 views) Lagos plane crash: Journalist releases victims’ names (139,978 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,363 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (40) Business & Economy (3,143) Business Verdict (43) Columnists (853) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (497) Features (595) Global Business Monitor (273) International (1,968) Interview (149) Live Commentary (28) Love Matters (120) News (35,478) Opinion (956) Pidgin (10) Politics (5,037) Religion (743) Sports (1,513) Stock Watch (29) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement