NLNG, Nigeria’s best success story – Lai Mohammed

Minister of Information and Culture, Lai Mohammed [Photo Credit: The Guardian Nigeria]
Minister of Information and Culture, Lai Mohammed [Photo Credit: The Guardian Nigeria]

The Minister of Information and Culture, Lai Mohammed, has said that the Nigeria Liquefied Natural Gas, NLNG, was the country’s best success story because it was 100 per cent run by Nigerians.

The minister said this when he visited the NLNG plant on Tuesday in Bonny, Rivers State.

Mr. Mohammed said: “When you look at the complexity of its operations, you will be surprised and be proud that the company is being run by Nigerians.

“All patriotic Nigerians should therefore ensure that the NLNG does not die because what we are looking at is actually the incubator for our growth in the oil and gas industry.”

He said that although people saw Nigeria as an oil producing nation, the country had more potential in gas.

The minister added that all hands must be on deck to encourage NLNG for the growth of the sector.

He said that if the NLNG was encouraged and nothing was done to stifle its operations, the country could take a cue from what Qatar had done with gas.

Mr. Mohammed said that the nation had huge asset in the NLNG, adding that every patriotic citizen must ensure its survival.

“I have been hearing about the NLNG, but coming here, having a first-hand experience, information, briefing and tour of the place has actually changed my mind completely.

“I have come out awed, inspired, excited and proud to be a Nigerian,” Mr. Muhammed said.

Before conducting the minister round the complex, the NLNG Managing Director, Tony Attah, said the company was incorporated in 1989 to harness Nigeria’s vast natural gas resources.

He said the company produced Liquefied Natural Gas (LNG), Natural Gas Liquid (NGL) and Liquefied Petroleum Gas (LPG) for export and local consumption.

According to the NLNG boss, the company was established after over 30 years of unsuccessful efforts to attract foreign investors in the LNG sectors.

He said the company was owned by four shareholders: The Federal Government represented by NNPC (49 per cent), Shell (25.6 per cent), Total LNG Nigeria Ltd (15 per cent) and Eni (10.4 per cent).

Mr. Attah said from the initial investment of six billion dollars, the company now had an asset base of over 11 billion dollars and had generated over 90 billion dollars in revenues.

He said NLNG had grown from one to a six-train operation with capacity of 22 million tonnes per annum and it was on the verge of achieving two more trains for its operation.

The NLNG chief said that the company contributed 15 billion dollars to the federal government in dividends over the last 12 years and had also paid over 5.5 billion dollars in taxes.

He said that the proposed amendment of the NLNG Act by the National Assembly to force the company to remit three per cent of its annual budget to fund the Niger Delta Development Commission would stifle its operation.

Mr. Attah said the amendment was an anomaly that threatened to negate the guarantee and assurance which inspired the shareholders to invest in the company.

He said the amendment would portray Nigeria as “a promise-breaker and untrustworthy, damaging the country’s reputation and hamstringing its ability to attract further foreign investment.”

According to him, the amendment will lead to immediate loss of foreign investment of 25 billion dollars in respect of Trains Seven and Eight, which the company was actively working to take a final investment decision on.

Mr. Attah said the three per cent NDDC levy the amendment sought to introduce should not apply to NLNG because it was not an upstream oil and gas company.

The NLNG chief added that the company did not produce gas but bought gas like fertiliser companies and power producers which do not pay such levy.

He argued that NLNG had contributed immensely to the nation’s economy and had the potential to contribute more, adding that any action taken to stifle its operation would be counter-productive.

(NAN)


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  • progressive

    Kudos to lai Mohammed for visiting thr NLNG company which is also one the asset of yhe government , he has been able to tell nigerians that the NLNG company has lift of up to the nation, he has also said that the company must not die.

    • White cane

      Kudos ooo!, we are happy you are doing very fine!

      • dele20

        HMIC is the voice of the masses

        • Truthseeker

          I have never seen a better representation of ass licking in while. All of you are old enough to know better. No wonder this country is going to the dogs when grown men and women continue to praise those who destroy it by their actions. You are not going to get that political appointment because HMIC already has his own successor.

          • dele20

            What senseless mentality? Stop pretending as if you do not see good in HMIC, Lai Muhammad is really the voice of the masses

  • progressive

    HMIC have really commended the company for the good work they have been doing , kudos to lai Mohammed for embarking on such visit at least he has achieved another success of his promises

    • front man

      Correct that’s why Alhaji lai Muhammed was chosen to lead the ministry

      • dele20

        Lai Muhammad performs his duty in such a way that leads Nigeria to progress

    • woman leader1

      HMIC is the right man for this job

    • White cane

      yes OOOOOOOOOOOOOOOOOOOOOOOOOOOO!

  • Night Crawler

    NLNG remains one of the best achievements Nigeria ever had and also add to the nations economy, they should continue with their good work, and kudos to Alh Lai Mohammed for a job well done and letting Nigerians know there’s a lot going on in NLNG

    • front man

      You have spoken well only haters of this present administration will disagree with you

    • woman leader1

      Very true

    • White cane

      Kudos to him indeed!

    • dele20

      Sure, NLNG is one of the best Nigerian’success story

  • woman leader1

    Weldone HMIC for doing great job.
    NLNG remains one of the best achievement of Nigeria. Alhaji Lai Muhammad we believe in you and your government..

    • White cane

      He’s making the work to look so easy!

      • woman leader1

        Very easy.

    • dele20

      Exactly, HMIC is working great

  • front man

    HMIC has really done well compare to ex ministers of information we have had in the past

    • Sincere-Voice

      I agree with you bro

      • White cane

        Yea he’s doing very well!

      • front man

        Thank you

    • dele20

      Our present minister for information is incomparable to the past one, HMIC is sacrificial

  • front man

    Kudos to HMIC

    • dele20

      Kudos to HMIC in an uncountable folds

      • Olatubosun

        Yeah

  • progressive

    HMIC always kept to his promises I hope the wailing wailers won’t have anything to talk about .

    • front man

      Yes oooo

      • White cane

        Yes ooo,he’s always working, Wailers can wail all they want provided they are not disturbing his work

    • dele20

      The campaign promises have been seriously and sincerely fulfilling

  • Sincere-Voice

    Weldone HMIC, your encouraging words are appreciated and we would do more. Lai Mohammed is the right man for the ministry he is heading.

    • White cane

      Sure he’s doing super well, very encouraging word indeed.

    • dele20

      Lai Muhammad is the best minister

      • Sincere-Voice

        I agree bro

    • Olatubosun

      Yes o……..

      God will continue to bless you sir

      • Sincere-Voice

        Amen

    • greatbiodun

      Well said

  • White cane

    Working Minister HMIC, Nigeriansd are behind you carry on sir!

    • dele20

      We Nigerians really support our competent minister Lai Muhammad

      • Olatubosun

        Yes o

    • greatbiodun

      Total support

  • dele20

    Our minister for information has spoken well, we Nigerians needs to be proud of NLNG

    • Olatubosun

      You spoke well

  • dele20

    Lai Muhammad is the best minister…

  • dele20

    HMIC is the voice of the masses..

    • Olatubosun

      Yes o…..
      The mouth piece of the nation

  • NaijaMindOfChange

    Sir
    ..continue ur good work…the Lord is ur strength

  • Olatubosun

    God bless Nigeria and God bless buhari and his cabinets

  • Olatubosun

    Alhaji Lai Mohammed deserves to be honored

  • Olatubosun

    Kudos to Alhaji Lai Mohammed

  • Olatubosun

    My honorable minister of information……… Continue with your good work

  • greatbiodun

    Lai Mohammed is doing a great job, keep it up Sir

  • Spectre echo’s

    HMIC is very proactive!

  • Spectre echo’s

    they are only few men like him taking up such office with so much tenacity

  • Spectre echo’s

    HMIC all the way!!! Bravado!

  • LagosBoy

    Great Speech from none other than HMIC himself..You are simply the best man for the job..

    God bless Nigeria and God bless us all..

  • John Abayomi

    Story for the gods, dem master is returning and suddenly all of dem is finding their voice again, please come out with clear cut information on how the strides the current governement is taking to get Nigeria out of the woods instead of rehashing NLNG story Nigerians already know, for far too long and for too many times we have heard this crap over and over again, Nigerians should be proud of a company of $11 billion ran by Nigerians????, the mediocrity of these PMB government knew no bounds whalaai, next base jare