FG, NLNG DEEPEN TIES TO DRIVE ENERGY INVESTMENT

FG, NLNG DEEPEN TIES TO DRIVE ENERGY INVESTMENT

The Federal Government and the Nigeria Liquefied Natural Gas (NLNG) Limited have agreed to deepen collaboration aimed at advancing Nigeria’s economic diplomacy agenda, attracting investments and strengthening the country’s energy sector.

The agreement was reached during a meeting between the Minister of Foreign Affairs, Bianca Odumegwu-Ojukwu, and the Managing Director of nlng.com, Engineer Adeleye Falade, in Abuja.

Speaking at the meeting, the minister described NLNG as a strategic national asset whose achievements align with the Federal Government’s objectives of promoting energy security, industrial growth and foreign investment.

Odumegwu-Ojukwu said stronger collaboration between the ministry and the company would help showcase Nigeria’s economic opportunities and enhance the country’s profile as a preferred investment destination.

Falade congratulated the minister on her appointment and noted that NLNG continues to serve as a global ambassador of Nigeria’s economic potential.

He highlighted the ongoing Train 7 project, which is expected to increase the company’s liquefied natural gas production capacity from 22 million to 30 million tonnes annually, while creating additional jobs and generating increased revenue for the government.

The two parties reaffirmed their commitment to promoting economic diplomacy, attracting strategic investments and enhancing Nigeria’s competitiveness in the global energy market.

NLNG remains a major contributor to the Nigerian economy through taxes, dividends, local content development and employment generation.