Business
Group Lauds NLNG’s Nigerian Content Policy

The Niger Delta Youths Coalition for Peace and Progress (NDYCPP) yesterday applauded the Nigeria Liquefied Natural Gas (NLNG) for its involvement of Nigerians in its Train-7 expansion project.
. President of the coalition, Mr Tiedor Olayinka, made the commendation in an interview withnewsmen in Yenegoa, Baylesa State capital.
Olayinka was speaking against the backdrop of the assurances by NLNG’s Managing Director, Mr Tony Attah, that the firm was banking on Nigerian firms to execute the NLNG Train-7 project.
Attah had on November 22 in Port Harcourt, at a public workshop entitled: “Nigerian Content for NLNG’s Train 7 Development,” given the assurance that the Nigerian Content policy would drive the project.
According to Attah, the project will be delivered with full participation of competent Nigerian companies in compliance with the Federal Government’s Local Content Act 2010.
The NLNG Train-7 is a gas production expansion project located in Bonny Island in Rivers and valued at over 7 billion dollars.
The firm is hoping to increase its gas production capacity by 35 per cent from 22 million tonnes per annum (MTPA) to 30 million MTPA.
Olayinka noted that the policy of involving Nigerians in the multibillion dollar project would provide business opportunities for the skilled youths in the Niger Delta region.
He said that the Train-7 project would increase the nation’s gas exports and influence in the world energy market and place Nigeria amongst the top three gas exporting nations.
He said that gas was increasingly being preferred as one of the cleanest fuels, noting that expanding production would guarantee a steady source of revenue for government
“We in Niger Delta Youth Coalition for Peace and Progress received the news by NLNG MD with enthusiasm.
“This will be a lifeline to most oil and gas entrepreneurs who have remained idle due to the lull in the sector.
“We applaud the NLNG led by Mr Tony Attah, Nigerian Content Development and Monitoring Board led by Mr Simbi Wabote and Dr Ibe Kachikwu, Minister of State for Petroleum.
“Under Wabote, the real capital retention in the industry by patronising Nigerian made components was pushed from about 10 per cent to 30 per cent.
“He has also rolled out an ambitious plan to hit 70 per cent.
“It should be noted that these three Niger Delta sons have worked silently and turned things around in the oil and gas sector and implemented reforms that pulled the country out of recession’’, he said.
Business
NPA Assures On Staff Welfare
Business
ANLCA Chieftain Emerges FELCBA’s VP
Business
NSC, Police Boost Partnership On Port Enforcement
-
Rivers5 days ago
Obalga SOLAD Presents Fire Extinguishers To Council …. Commiserates With traders over Rumuomasi Market Fire
-
Business5 days ago
NPA Assures On Staff Welfare
-
News5 days ago
Four Internet Fraudsters Get Jail Sentences In PH
-
Sports5 days ago
President Federation Cup: Sanwo-Olu, Abdulrazaq Set To Grace Grand Finale
-
News5 days ago
Senate Confirms Chibudom Nwuche S’South Dev. Commission Chair
-
Rivers5 days ago
FIDA, PCRC Train Police On Paralegal Cases
-
News5 days ago
Tinubu Orders Civil Service Personnel Audit, Skill Gap Analysis
-
News5 days ago
Senate Confirms Odey As RISEIC Chairman