The Managing Director, Nigeria LNG
Limited, Mr. Tony Attah, has said the company’s assets are now worth over
$13bn.
A statement by the firm on Tuesday
quoted him as saying this during a technical session chaired by the Group
Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru,
at the 22nd Nigerian Economic Summit in Abuja.
According to him, the NLNG Act
provides incentives, assurances and guarantees, which significantly encourage
investment in the project.
Attah said, “These incentives made
it attractive for the international investors and financiers to invest even
during a period Nigeria was perceived to be a pariah state. Those investments
grew and they resulted in an inspirational Nigerian success story that the
company is today, with assets now worth over $13bn.”
He said the NLNG had been able to
generate $85bn in revenue, pay $5.5bn in taxes as well as commit more than
$200m to corporate social responsibility projects, especially in capacity
building and infrastructure development
Culled From Punch News
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