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| Babs Omotowa |
Gross investment
from the Nigerian Liquefied Natural Gas (NLNG) Limited to aid production of gas
in the country has been estimated to have hit about $12 billion (about N1.92
trillion).
Managing Director,
NLNG, Babs Omotowa, who disclosed this at the third yearly conference of the
Nigerian Liquefied Petroleum Gas Association (NLPGA) in Lagos said the company
is currently producing 22 million tonnes per year from its six trains.
However, the
stakeholders in the sector have advocated for removal of kerosene subsidy, due
to its alleged mismanagement over the years.
Omorowa, who was
represented by a top officer of the company, Ahmed Abdul Kadiri, stressed that
the company is committed to increasing domestic supply, even as he cited
infrastructure challenges as a limitation.
Nigeria presently
produces about 22 million tonnes yearly, but consuming only 150,000 tonnes.
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