Nigeria LNG Limited (NLNG) says it has generated more than $149.6bn in revenue since commencing operations, paid over $47.2bn in dividends to shareholders and remitted more than $10.8bn in taxes to the Federal Government since becoming tax compliant.

The company’s Managing Director and Chief Executive Officer, Adeleye Falade, disclosed this during the presentation of NLNG’s 2026 Facts and Figures, highlighting the company’s operational and financial performance.

Falade said NLNG has also built an asset base exceeding $22.9bn, loaded more than 6,285 liquefied natural gas cargoes and continues to supply over 500,000 tonnes of Liquefied Petroleum Gas annually to the domestic market.

“We have made $149.6bn in revenue by 2026. $10.8bn has also been paid in tax to the Federal Government right from the time we became tax compliant,” he said.

He added that the company had distributed $47.2bn in dividends to shareholders, including the Federal Government, which remains its largest shareholder.

Falade said NLNG remained committed to driving sustainable growth, strengthening Nigeria’s energy security and delivering long-term value through operational excellence, expansion of production capacity and strategic infrastructure development.

He noted that the company’s operational utilisation had improved significantly, with sustained efforts to achieve world-class operational efficiency.

According to him, NLNG is focused on the safe delivery of its Train 7 project, improving domestic gas supply, supporting Nigeria’s industrialisation agenda and creating sustainable value for shareholders and the country.

The Train 7 project is expected to increase NLNG’s production capacity by about 35 per cent, from 22 million tonnes per annum to 30 million tonnes per annum, while raising domestic LPG supply from 500,000 tonnes to 750,000 tonnes annually.

Describing Train 7 as one of Africa’s largest LNG expansion projects, Falade said the investment demonstrates the company’s confidence in Nigeria’s gas potential.

“Train 7 represents much more than additional production capacity. It reflects our confidence in Nigeria’s gas potential and our commitment to creating long-term value through increased exports, stronger domestic gas supply, Nigerian Content development and economic growth,” he said.

He reaffirmed NLNG’s support for the Federal Government’s Decade of Gas initiative, describing natural gas as critical to industrialisation, economic diversification, energy security and Nigeria’s transition to a lower-carbon economy.

Falade also highlighted the Bonny-Bodo Road Project as one of the country’s most significant corporate infrastructure investments, saying it has provided the first road link between Bonny Island and mainland Rivers State while opening up new economic opportunities for surrounding communities.

Addressing industry challenges, he acknowledged that feed gas availability remains a key concern for the sector but expressed confidence that ongoing collaboration among government, regulators and upstream operators, supported by recent reforms, would strengthen long-term gas supply.

He also said NLNG remains competitive despite increasing global competition from emerging LNG producers, citing operational excellence, reliable delivery and continued investment in people and assets.

“Nigeria possesses one of the world’s largest gas reserves. Our collective responsibility is to monetise that resource responsibly and sustainably, creating jobs, expanding energy access, driving industrialisation and improving lives for generations to come,” he said.

Earlier, the General Manager, External Relations and Sustainable Development, Dr Sophia Horsfall, said the annual Facts and Figures presentation reflects NLNG’s commitment to transparency and constructive engagement with the media.

She said the initiative provides timely access to credible information and business insights to improve public understanding of the company’s contribution to Nigeria’s economy and the strategic role of natural gas in sustainable development.

“Today’s engagement is not simply about sharing statistics. It is about providing context that enables better understanding of NLNG’s business, our contribution to Nigeria’s economy, and the strategic role natural gas continues to play in supporting sustainable development,” Horsfall said.

The session also featured discussions on global LNG market trends, domestic gas utilisation, energy transition, sustainability, the Train 7 project, Nigerian content and the future of Nigeria’s gas industry.