Fidelity bank banner UBA banner
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: 1,779


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

 

You may also like...
Akwa Ibom transporters endorse Udom Emmanuel, hold solidarity...

More bombs to rain on Boko as Nigerian...

Nigerian Army rescues 4 Chinese expatriates

Vehicles owners move against security brutality

BREAKING NEWS: South-East Governors ban IPOB with immediate...

Udoma identifies bane of effective budgeting outcomes

Buhari should give SGF position to an Igbo...

NiMET predicts good visibility in hazy conditions in...

Anambra 2013 Guber Race: Who’s afraid of Willie...

Economist urges Buhari to overhaul economic model

World Bank commits $215m to Nigerian communities

South Korean investigators move to arrest Samsung chief...

 

Latest News Anambra monarch, wife die in quick succession Atiku releases ‘policy document’, promises to create three million jobs each year 4 INEC workers, NYSC member, 3-year-old die in Kogi accident Evans: Police hid me from Falana in a toilet University professor, employee kidnapped 2019 campaigns: Ezekwesili makes history, declares self the best 2019 Presidency: Jukuns endorse Atiku FG commends Zinox commitment to local content adoption Tambuwal now PDP Sokoto governorship candidate N800bn subsidy debt: Oil marketers send SOS message to FG I have forgiven those who plotted to impeach me — Ortom FEPSAN commends FG’s ban of NPF fertilizers

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (422,050 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (390,442 views) Shameless Genevieve Nnaji exposes breasts in public (323,498 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (271,950 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (244,517 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (227,654 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (209,354 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (190,909 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (176,189 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (168,747 views) Lagos plane crash: Journalist releases victims’ names (165,317 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (152,172 views)

 

Zenith Zero Balance First Bank chat banking

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (74) Business & Economy (3,800) Business Verdict (54) Columnists (964) Complaints & Requests (94) Enterprise & Opportunities (208) Entertainment (568) Features (670) Global Business Monitor (310) International (2,695) Interview (167) Live Commentary (28) Love Matters (146) Maggie's Blog (38) News (40,644) Opinion (1,144) Pidgin (13) Politics (7,787) Religion (901) Sports (1,780) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera