By Festus Fifen
The Minister of Information and Culture, Alhaji Lai Mohammed, has
described the Nigeria Liquefied Natural Gas (NLNG) Limited as a
shinning example of the Nigerian success story in management and
In a statement by the Special Assistant to the Minister, Segun Adeyemi, The Minister who stated this after a facility tour of the NLNG plant on Bonny Island, Rivers State, said The company is being managed 100 per cent by Nigerians and with 95% Nigerian Staff.
“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,” he said.
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 realized.
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.
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.