National Wire About Nigerians, Nigerian Business and Other Stories
Nigeria Liquefied Natural Gas Limited NLNG “to-date, our six-train plant has generated more than US$100 billion in revenue and has paid over US$16 billion dividends to the Federal Government of Nigeria, through the Nigerian National Petroleum Corporation (NNPC)’S 49 per cent shareholding in NLNG.
The Managing Director, NLNG Tony Attah, who was represented by the Managing Director of Nigeria LNG Ship Management Limited, Abdulkadir Ahmed made this known at NLPGA/LNG 2019 summit held recently in Lagos.
“Nigeria Liquefied Natural Gas Limited NLNG “to-date, our six-train plant has generated more than US$100 billion in revenue and has paid over US$16 billion dividends to the Federal Government of Nigeria, through the Nigerian National Petroleum Corporation (NNPC)’S 49 per cent shareholding in NLNG. Nigeria LNG has paid a total of over US$6 billion in taxes comprising of Companies Income Tax, Tertiary Education Tax, Withholding Tax, Value Added Tax; and other payments to Government including PAYE, state and local government taxes, as well as regulators’ levies and fees totalling over N51billion”, he said.
“We have also paid over US$13 Billion to the Federal Government of Nigeria for feed gas purchases. Our operation has helped to reduce about four trillion cubic feet of previously flared natural gas thereby improving Nigeria’s gas flaring profile from about 65 per cent in 1999 to less than 25 per cent today”, he stressed.
He further stated that Nigeria Liquefied Natural Gas Limited NLNG is determined to change the narrative about Nigeria and Africa by setting a world-class pace though our business model built on integrity, professionalism and reliability, in recognition of the advantage of vast natural gas resources.
“We are a solid and proud Nigerian brand at home and abroad, quietly and successfully competing globally, thus paving the way for other Nigerian brands and companies to be taken more seriously on the world stage”, he said.
“This is the result of keen devotion by our 100 per cent Nigerian Management Team and 95 per cent indigenous workforce, to build a success story in a high-tech industry that is obtainable in the advanced nations of the world”, he added.
“Our sustained success in 20 years of operation and 30th year of incorporation,( the anniversaries which we proudly commemorated this year) as the LNG giant in sub-Sahara Africa, as well as our is indicative of the fact that as a nation, we can achieve whatever we set out to do towards our development and growth if we indeed commit to it”.
As the foremost natural gas exporter in the country, helping to power industrialized nations of the world, according to him Nigeria LNG has a vision of being a global LNG company, helping to build a better Nigeria.
The NLNG boss revealed that the company has spent over $200 million on Corporate Social Responsibility (CSR) projects in the Niger Delta and the country as a whole.
“Recently, Nigeria LNG committed to paying 50 per cent of the cost of construction of the N120 billion, 38 kilometer Bonny-Bodo Road to link its host community, Bonny Island to the main land and Rivers State capital, Port Harcourt”.
He pointed out that the road when completed is expected to open up opportunities for rapid socio-economic development of the area and impact on the lives of the millions of Nigerians living in Bonny Island and neighbouring Niger Delta communities including Ogoni, Okrika, Eleme and Andoni.
The company according to him has also undertaken the role as a major influencer of the domestic LPG market in Nigeria, dedicating 350,000 metric tonnes of LPG to the market; an effort that focuses on deepening the penetration of cooking gas to support environmental and human protection through the use of cleaner energy.
“Early in the month, we commenced the direct supply of LPG in Port Harcourt, the Rivers State capital. Our aim is to ensure product availability, accessibly and affordability. The company has recently begun to explore the possibility of delivering LNG in addition to the LPG to the domestic market in line with the Federal Government’s aspirations on gas based industrialization in Nigeria”.
With product availability and accessibility according to him the organization expects that more people will be employed in the value chain from the off takers to the major distributors and eventually retail outlets that gets the products into the nooks and crannies of the nation.
“Ultimately, more and more Nigerians will begin to appreciate the value that cooking gas has over other unhealthy cooking fuels and they will embrace the commodity”.
NLNG focus according to him is to ensure that Nigeria does not miss out on the opportunities for more economic growth, and for a more central role in the global energy supply field
“Keeping up with our success rating at home and abroad promises to be of great economic benefit to the nation’s development and growth and it behooves all captains of industry here present and in the country to ensure that our operations benefit not just their investors, but also our nation”.
“Nigeria needs our commitment to initiatives that support national development and growth. The theme of this summit requires us to harmonize our resources and assets with our needs – development and growth. That is what we should focus on. LPG is a valuable resource especially in view of the growing conversation about combating global warming with the use of cleaner fuel. We must explore avenues that enable us to maximally utilise this resource to drive our industries, our homes and save our environment from pollution and desertification caused by the use of wood for cooking and other bio-degradable”, the NLNG boss stated.
