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NIGERIA: NLNG Pays FG $7 Billion Tax, $15 Billion Dividend

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The Nigeria Liquefied Natural Gas (NLNG) Producing Company has claimed to have paid over $7bn as tax to the coffers of Federal Government and signed more than $15billion as dividends since the commencement of the Project.

The Managing Director of NLNG, Mr. Tony Attah, has recently disclosed that the company has the aim of enlarging its Liquefied Natural Gas Production Trains from six to 12.

The NLNG is an Incorporated Joint Established Company found by the Federal Government, through the Nigerian National Petroleum Corporation who holds 49 percent, Shell Gas has 25.6 percent Total Gaz Electricite Holdings France holds 15 percent and Eni International has 10.4 percent of the company establishment.

Mr. Attah said that many fabrication yards that have been closed for a while would start work back fully and that the project has brought biggest opportunities; first and foremost creation of more jobs and it also establishes an additional value for the country

He spoke further on the firm’s latest project, the NLNG Managing Director stated that Train-7 was on the far side of domestic gas for the company, adding that it was a global response to meet what the global market has been doing on gas production.

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