NLNG Commits to Sustainable Growth and Energy Security in Nigeria
Nigeria LNG (NLNG) has reaffirmed its commitment to driving sustainable growth and enhancing energy security in Nigeria. Speaking at an interactive session, Engr. Adeleye Falade, Managing Director and CEO of NLNG, highlighted significant progress made in improving plant performance.
Falade noted that the company's operational utilisation has recovered considerably, with sustained efforts underway to achieve world-class levels of operational efficiency. He emphasized that Train 7 is one of Africa's largest LNG expansion projects, demonstrating NLNG's confidence in Nigeria's gas future and its commitment to supporting long-term economic growth.
Since commencement of operations, NLNG has generated over US$149.6 billion in revenue, paid more than US$47.2 billion in dividends to shareholders, and remitted over US$10.8 billion in taxes to the Federal Government. The company's asset base exceeds US$22.9 billion, and it continues to supply over 500,000 tonnes of LPG annually to the Nigerian market.
Falade stressed that natural gas remains critical to industrialisation, economic diversification, energy security, and Nigeria's transition to a lower-carbon future. He reaffirmed NLNG's support for the Federal Government's Decade of Gas initiative and emphasized that the company's growth strategy is centred on delivering Train 7.