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: 1,087


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

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!

 

You may also like...
Senate President commissions ‘big man’s estate’ in Umuahia...

Oil soars above $50 per barrel

US blames FG for defaulting in military training...

African leaders declare war on Boko Haram

Kaduna Refinery begins daily supply of 3.2m litres...

Obinomics, a standard benchmark for Nigeria’s new governors...

Nigeria to raise N250-N340bn in bonds

'Vandals caused Lagos pipeline explosion'

DHQ defends extension of service of military officers...

Wike inaugurates committee to host international matches

Controversy over alleged arrest of Niger Delta Avengers...

Saraki, Tinubu, Presidency using judiciary to pervert justice...

 

Latest News Southern Governors unite, demand true federalism, devolution of powers Gang wars shake Ibadan •Houses, cars burnt; residents flee Ronaldo is FIFA World Best Player of the Year PDP chairmanship aspirants undergo screening in Abuja 215 police officers, others undergo emergency, anti-terrorism training Fidelity Bank grows profit by 65.1 per cent Head of Service faults Interior Minister, washes hands off Maina’s reinstatement Niger Govt. releases N50m monthly for students’ scholarships Police kill deputy to suspected armed robbery kingpin We’ll ensure safety of use of electricity, lives, property across electricity supply value chain — NEMSA Boss Forex: CBN consolidates market stability with $195m Bayelsa agog as 300 indigenes exiled by electoral violence return home

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (288,245 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (271,414 views) Shameless Genevieve Nnaji exposes breasts in public (218,802 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (184,292 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (179,726 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (162,599 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (141,010 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (128,861 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (123,945 views) Lagos plane crash: Journalist releases victims’ names (114,377 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (112,322 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (104,677 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (30) Business (2,734) Business Verdict (25) Columnists (758) Complaints & Requests (93) Enterprise & Opportunities (184) Entertainment (396) Features (497) Global Business Monitor (187) International (1,592) Interviews (134) Live Commentary (28) Love Matters (79) News (29,578) Opinion (828) Pidgin (8) Politics (3,996) Religion (645) Sports (1,341) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN Words on marble

 

 

#MonkeyPox outbreak

 

APO Group Partner

 

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!