The Nigeria LNG Limited (NLNG) has reportedly spent over $21 billion as payment to Joint Ventures feed gas suppliers from commencement till date.
NLNG pays $21bn to Joint Ventures feed gas suppliers
The NLNG also added that 55 to 60 percent of the funds were remitted into the Federation Account via its shareholding in the Nigerian National Petroleum Corporation (NNPC).
Nigeria's Minister of Petroleum, Dieziani Alison-Madueke
The details were contained in the company’s publication titled “Nigeria LNG Limited: Facts and figures on NLNG 2015.”
NLNG said further that it has utilised gas that would have otherwise been flared, and in effect contributed to the country’s income while also helping to protect the environment.
According to the report, the company has paid dividends of almost $30 billion, out of which 49 percent went into the Federation Account through the NNPC.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Tinubu says Nigeria, Netherlands partnerships will aid economic development
Tinubu mourns Sen Ayogu Eze's passing, extends condolences
Edo Guber: Major setback for APC as PDP poaches influential chieftain
'We know Wike is your boss': Edwin Clark fires warning to PDP acting chair
Cardoso what’s wrong? Nigerians ask questions as naira depreciates further
Hajj Commission thanks 'Christian Uzodinma' for being its pillar of support
Why our plane made emergency landing at Lagos airport, Air Peace clarifies
Over 75% of Katsina children are multidimensionally poor – UNICEF
PDP unveils 200-member campaign council for Ighodalo's guber election in Edo
ADVERTISEMENT