GTB 737 banner Yudala banner

NLNG, Nigeria’s best success story — Minister

By News Express on 09/03/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 923


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


 

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...
NURTW leader, MC Oluomo ordered to report at...

Boko Haram unveils rocket-making factory

Bankers’ Committee collaborates with NIMC on biometric data...

France cautions Nigeria against gas flaring, urges investment...

Kaduna Police Command gets new PRO

Jonathan declares National Conference open, speaks on expectations...

Why MKO Abiola airport will be one of...

Buhari launches move for local production of weapons...

Ex-NPA MD urges FG to assist truck owners...

Ebola claims first European victim as Spanish priest...

Kaduna dissolves LG Interim Management Committees

60,000 workers lose jobs during Buhari’s first 100...

 

Latest News Music star Dammy Krane regains freedom as US court strikes out charges •Flies out with chartered jet Bayelsa set to commission new set of projects Varsity strike continues as ASUU, FG fail to reach agreement Enugu, China fine-tune bilateral relations Police nabs 77-year-old Ogun pastor for alleged ritual killing Foundation sponsors medical bill of 6-year-old Boko Haram victim IPOB, Police clash primitive: MASSOB Libya repatriates 135 Nigerian migrants Aregbesola denies payment of N50 million each to political office holders as severance allowance Enough of money politics in Anambra, says ABC Nwosu, as PDP inaugurates LG caretaker committees Barcelona attack kills 13 in tourist spot Rains, thunderstorms to dominate today’s weather: NiMet

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (271,491 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (253,258 views) Shameless Genevieve Nnaji exposes breasts in public (205,755 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (174,154 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (172,658 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (154,118 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (133,453 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (124,906 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (117,541 views) Lagos plane crash: Journalist releases victims’ names (109,032 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (108,495 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (100,990 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,661) Business Verdict (19) Columnists (727) Complaints & Requests (92) Enterprise & Opportunities (172) Entertainment (351) Features (476) Global Business Monitor (170) International (1,492) Interviews (128) Live Commentary (28) Love Matters (67) News (27,527) Opinion (780) Pidgin (8) Politics (3,853) Religion (595) Sports (1,305) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN words on marble advert

 

 

Senator Adeleke on the dancing steps in London

 

APO Newsbreak logo

 

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!

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!