NLNG Train 7 project to bring $10bn FDI – Attah

Chinazor Megbolu

The Managing Director, Nigeria Liquified Natural Gas (NLNG), Mr. Anthony Attah, has said the Train 7 project will bring an inflow of about $10 billion foreign direct investment (FDI) into Nigeria.

He said this on Tuesday at the groundbreaking ceremony of the project in Bonny Island, Rivers State, saying the project will create 12,000 direct job opportunities in the community.

He added that the project will also provide another 40,000 indirect construction jobs as well.

In his remarks, Attah further noted that the project will increase NLNG’s overall capacity to 30 million tonnes per annum (mtpa) from the current 22 million mtpa.

He also explained that the FDI will bring an immense value to the nation and it’s citizenry.

Attah posited that the project would also boost the development of local content and businesses through the 100 per cent in-country execution of construction works, fabrications and major procurement.

Meanwhile, the Minister of State for Petroleum Resources, Dr. Timipre Sylva, who was present during the event, said the Train 7 project will reduce gas flaring and create jobs opportunities in Nigeria.

He stated that NLNG is a blessing to the country, adding that since NLNG became operational in 1999, the nation has recorded a drastic reduction in operational flare status from 65 per cent to 12 per cent.

”I boldly say that the ground breaking of Train 7 is a guarantee to every stakeholder of more dividends in terms of further reduction in gas flaring, more revenue to the nation and shareholders, more job opportunities especially at the construction phase and more social investments for the society,” Sylva said.