The Nigeria Liquefied Petroleum Natural Gas company has generated $114bn revenues for the country, President Muhammadu Buhari has disclosed.
The president also said that about $18 billion was paid as dividend to the Federal Government and $15 billion in Feed Gas Purchase.
Speaking virtually during the Nigeria International Petroleum Summit 2021 Pre-Summit Conference and official inauguration of the Decade of Gas conference in Abuja, Buhari said, these achievements were accomplished with 100 per cent Nigerian management and 95 per cent Nigerian workforce.
The president commended the collaboration between the Federal Ministry of Petroleum Resources, Nigerian National Petroleum Corporation (NNPC) and NLNG Limited to actualize the dream of transforming Nigeria with its massive gas resources.
While describing the NLNG as the Federal Government’s arrowhead in the reduction of gas flaring in Nigeria, Buhari was full of praises for NLNG for winning the award for outstanding business strategy, in 2020, for going ahead with Train 7 during the global pandemic.
He promised that the Federal Government would fully utilise the enormous gas resources in the country to uplift the economy and drive industrialisation.
“The rising global demand for cleaner energy sources has offered Nigeria an opportunity to exploit gas resources for the good of the country. We intend to seize this opportunity,’’ he noted.
