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
How we reduced road traffic crashes by 42% – FRSC boss
Motorists express worry as long fuel queues resurface in FCT
Reno's $10,000 Challenge: I didn't build any school in Anambra, Obi opens up
Bullied student threatens Abuja school with lawsuit if abusers are not punished
EFCC withdraws appeal against Yahaya Bello
Gov Zulum wants Army to establish military base in Sambisa forest
2 Wike loyalists exit Fubara's cabinet as Governor reshuffles
Ganduje believes APC is the answer to Nigeria’s problems
Spate of deaths strikes Nigerian movie industry, Nigerians calls for action
ADVERTISEMENT