KEYNOTE ADDRESS BY HIS EXCELLENCY, MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA, AT THE GROUND-BREAKING CEREMONY OF NLNG TRAIN 7 PROJECT

15th JUNE 2021

Today represents yet another very important milestone in the history of Nigeria’s oil and gas industry. The story of Nigeria LNG is one I have been passionately associated with during the formative years of the LNG project.

2. As minister of Petroleum Resources, I kicked off our first foray in LNG Business in 1978. At the time it was already apparent that Nigeria was mainly a Gas-Rich country with a little oil!

3. It therefore gives me great joy to see the organization transform from just a project in the early 90s to a very successful company with over 20 years of responsible operations and steady supply of Liquefied Natural Gas, Liquefied Petroleum Gas and Natural Gas Liquids into the global market. This is proof that Nigeria has great capacity to deliver value to the world by harnessing our natural resources.

4. This ground-breaking ceremony to herald the Train 7 project construction, affords me the opportunity to congratulate Nigeria LNG and its shareholders – NNPC, Shell, Total and Eni for proving that a Nigerian company can operate a world class business;
a. Safely,
b. Profitably and
c. Responsibly.


5. Clearly, you have set the stage upon which Nigeria’s vast gas resources will continue to grow well into the future.

6. The focus of this administration is to boost the development of Nigeria’s abundant gas resources, strengthen the gas value chain, develop the much-needed infrastructure and enhance safe operations in the sector as outlined in the National Gas Policy of 2017.

7. Through the Decade of Gas initiative, which I recently launched, we will transform Nigeria into a major gas and industrialised nation with gas playing the key role as revenue earner, fuel for industries and necessary feed for petrochemicals and fertiliser plants.


8. I am proud that NLNG as the pioneer LNG company in Nigeria, has conscientiously proven the viability of the gas sector over the years, currently contributing about one percent to our country’s GDP; NLNG has generated $114 billion in revenues over the years, paid $9 billion in taxes; $18 billion in dividends to the Federal Government and $15 billion in feed gas purchase. These are commendable accomplishments by the company’s 100 percent Nigerian Management Team.

9. With this level of performance, I can only hope that the company continues to grow starting with this Train 7 project but also positioning Nigeria to thrive through the energy transition.

10. I hereby urge the Board of Directors, Management and Staff of Nigeria LNG, the Host Communities, the Rivers State Government and Agencies of the Federal Government to continue to collaborate to ensure completion and eventual commissioning of the Train 7 project safely and on time, so that Train 8 can then start.


11. As we flag off the Train 7 project today, I look forward to the development and execution of more Gas Projects by the IOCs and Indigenous operators, and more Trains from Nigeria LNG to harness the over 600 trillion cubic feet of proven gas reserves we are endowed with .

12. Let me use this opportunity to commend the Shareholders of NLNG, the Federal Ministry of Petroleum, NNPC and the NCDMB and other stakeholders for very exemplary collaboration which has culminated in this great opportunity for Train 7.

13. I want to thank the foreign investors for the confidence reposed in Nigeria, and assure all Nigerians and potential investors in the Oil and Gas sector that the Federal Government will continue to create the enabling environment in order to develop the sector and bring the full benefits of Gas closer to our people.

14. On behalf of the people of Nigeria, I hereby flag-off the commencement of construction work on Train 7 and wish you great success with the project.

15. Thank you for your attention and God bless the Federal Republic of Nigeria.

God bless Nigeria.

It's just a matter of time we would definitely get it right. Though it's tough now, people's hope are been dashed and it seems nothing is working...... We would get over the storm.......
Keep calm better days ahead.....

Nice one from FG

This are all glaring projects not GEJ started this, that all on paper

miniziter:
I don't know why I find it difficult to believe this government. All promises failed already and the only few projects executed was through the help of China loan.

What did Pdp do with all the loans they took during their wastage 16 years? Anything to show for it plus oil price was at it's peak

Lol

Eye service.

I don't know why I find it difficult to believe this government. All promises failed already and the only few projects executed was done through the help of China loans. Is our recovered loot not up to something?

Na him talk all this

Disgusting set of looters. Let's see how this gas issue goes.

.

Issokay

Hmmm. If true well done, but your number 1 job is to safe guard lives and property.
The citizens being killed can not benefit from any project.

Oh
Shatap sir!!
Mr Covik one nine is suddenly speaking okpo okpo English on paper

Mr. Lifeless has no idea what LNG means not to talk of understanding the write up…

More opportunity for looting, that's all

Not possible

Udodiri01:
Na him talk all this

From their antecedents we have no reason to believe them

miniziter:
I don't know why I find it difficult to believe this government. All promises failed already and the only few projects executed was through the help of China loan.

God bless our darling Daddy President Muhammadu Buhari and his amiable Vice president Prof Yemi Osinbajo for all they are doing to move this nation forward.

Rissimenky:


Dumbo, so the govt should use the pitiful 35 billion dollar annual budget to start building capital projects instead of borrowing?

Where will the money then come from for basics like schools, hospitals, salaries, state allocations (which receive HALF of FG earnings) etc?

Why do I even bother with you illiterates on this forum?

I bet you had no clue what the annual budget of Nigeria is, or that the FG actually gives HALF of its annual income to the states.

You have given him the best reply ever.

TimmyTen:
Mr. Lifeless has no idea what LNG means not to talk of understanding the write up…

Wailer will always wail.
And fortunately, is nothing sane, honest and hardworking Nigerians can do about it!

Nobody in the Eastern part of Nigeria should accept or support a diversification process that is tailored to pivot the looting of the resources of the east from oil to gas! Its a program shrouded in secrecy.The ultimate aim is to lay down the foundamental template upon which the next generation of easterners would be pauperized like the last generation! Oil and gas resources looted from the South East and the South South of Nigeria are being used to build up elsewhere, create fake billionaires elsewhere, industrialize elsewhere, while the host communities in the East wallow in penury!

They're are desperately trying to pivot to gas after looting these communities bare of their oil wealth and this must be resisted! Buhari must explain why he insisted that the names of those who got oil bloc licenses under his administration must be kept secret. He also needs to explain to the East how he intends to build a gas pipeline from the East to Niger Republic, constructing 3 gas fired power stations with a total output of ten thousand megawatts of power in Abuja, Kaduna and Kano, without a single plant in the same east from where he intends to lift the gas..
These are evil economic policies meant to leave the east in the stone age industrially! Anybody telling you otherwise is either paid to do so or is just plain daft!

post=102802806:

You have given him the best reply ever.

Bro I tire for these people.

They have loud mouths to criticise EVERYTHING the govt does.

Yet the simplest details about this country, they haven't the slightest clue.

No wonder the govt just iGNORES them and carries on with its operations.

Okay. We really hope so


The below is available for sale:
Supplies of pipes
For exploration companies
Name: Sand screen pipes.
Size: 6ft 5/8"
Type: Base pipe, stainless steel
Guage: 9 guage
Price per joint: $37k

Only if they will put it in the right use. They're happy because they know it's another milestone for their pockets.

Rissimenky:


First of all, you dunce, the South East has only 1.6% of Nigeria's oil. So you are living off what you don't produce yourselves.

Secondly, Nigeria is not yet a gas exporting nation, for the simple reason that the infrastructure for extracting, purifying, and evacuating the gas to foreign buyers at a cheap, competitive rate costs TENS OF BILLIONS OF DOLLARS, and YEARS of investment in natural gas infrastructure.

If your Dot.com republic comes into existence, the first thing it will learn is that the gas it sits on is virtually useless until it has spent some MAJOR MONEY developing the infrastructure for it.

And where it will GET that money is anybody's guess.

And no, selling palm oil and mangos or whatever it is you produce won't cut it.

Not interested in the sterile rants of a rampaging Unity Beggar! Shameless ones that dread independence! Vintage village ijiots on steroids!

When you're done cooking the facts on oil with your cohorts, you should consider facing and building up your region with her bountiful cocoa harvests! We want to know how much oil that goes out from every single igbo village anywhere in the country! You can't suppress this question, so you better give up and save energy! It will get louder and louder,.. the call!

You once stated here, that there were no igbo villages in Benue state! All of you have gone silent since you were blown out of the waters by the fuulani killings in southern Benue the other day..

Ndii pan Africanist..

RTR