NIGERIA LNG PAYS N10.9TR TO GOVERNMENT, JV, SHAREHOLDERS

Nigeria LNG Limited (NLNG) has since inception, paid $55 billion (about N10.9 trillion) to Joint Venture (JV), shareholders and the Federal Government.

Besides, the company’s assets currently stand at about $15 billion (N2.9 trillion).The company, which made this disclosure in its 2016 facts and figures released yesterday in Lagos, put the payment to JV feedgas suppliers from inception till date at $23 billion, of which 55 to 60 per cent of this amount is payable to the Federal Government via its shareholding in the NNPC.

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