NLNG Spends $177m On Education, Infrastructure In N’Delta

The Nigeria
Liquefied Natural Gas Limited (NLNG) has restated its commitment to the development of the Niger Delta.
It said it would partner government agencies, including the Niger Delta Development Commission (NDDC), to develop the region.
The Managing Director of the firm, Babs Omotowa, stated this at a public hearing by the House of Representatives Committee on Gas Resources.
Omotowa said, “as evidence of our commitment to the development of the Niger Delta, NLNG spent $177 million in infrastructure, education etc.
“So, it is not an issue of reluctance to support the Niger Delta, but one of ensuring we work within the confines of the law and honour agreements and promises to maintain the valued reputation of our country in international business”.
He stated that NLNG’s intervention led to the progressive decline in gas flaring profile from over 65 per cent in the 1990s to less than 20 per cent today.
The NLNG Managing Director said incentives granted to the firm are not peculiar to Nigeria as they were granted to encourage investments in gas utlisation to reduce flaring which became a big challenge to the nation.
According to him, “examples of similar initiatives abound in Angola (12 years), Oman, Malaysia, Qatar and Trinidad (up to 10 years). Other more generous incentives schemes also exist in the free Trade zones”.