Newsexpress place banner advert Yudala genuine products
NLNG, Nigeria’s best success story — Minister

By News Express on 09/03/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 738


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...
LG polls: INEC to recruit 14,000 ad hoc...

Ten reasons why Obiano’s popularity continues to soar,...

30 feared dead as Biafra Day turns bloody...

Ajudua: Ex-Lagos Court Registrar accused of $330,000 scam...

Barca need another Champions League miracle after 3-0...

NUPENG to go on nationwide strike

PDP lawmakers issue 48 hours ultimatum to EFCC...

Amnesty seeks immediate probe of crackdown, death of...

Igbos ready to dump PDP for APC —OKOROCHA...

Ogba’s divide-and-rule led to Nigeria’s failure at London...

Osun Govt. uncovers unapproved recruitments at LAUTECH Teaching...

Buhari seeks National Assembly’s approval for N180bn special...

 

Latest News Bombshell: Billionaire kidnapper Evans names 5 soldiers as gang members •1 already in police net Buhari, Dogara salute Muslims on Eid-el-Fitr Tinubu faults calls for secession, break-up of Nigeria Ex-militant leaders throw weight behind Buhari’s peace initiatives MSMEs fastest way to speedy development: Okowa, Emefiele FG to launch new tax awareness initiative NiMET predicts cloudy Sunday, thunderstorms Kidnap saga: I haven’t had any contact with Evans in years – Father Eletu family appeals ICPC judgment NDLEA to intensify efforts against illicit drug trade Senator condemns arrest, detention of journalist during Shiite procession Trump indicts Obama over Russia’s meddling in U.S. presidential election

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (258,511 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (237,471 views) Shameless Genevieve Nnaji exposes breasts in public (194,949 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (169,532 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (164,733 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (146,147 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (126,659 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (121,215 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (111,644 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (105,177 views) Lagos plane crash: Journalist releases victims’ names (105,064 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (97,903 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,600) Business Verdict (17) Columnists (702) Complaints & Requests (92) Enterprise & Opportunities (157) Entertainment (333) Features (461) Global Business Monitor (154) International (1,425) Interviews (124) Live Commentary (28) Love Matters (59) News (25,777) Opinion (736) Pidgin (8) Politics (3,742) Religion (562) Sports (1,281) Stock Watch (18) AMA & Al Jazeera Global Update

 

CBN words on marble advert

 

 

Thousands of Biafrans gather at Nnamdi Kanu’s father’s palace for address...

 

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!