Wabote: $5bn NLNG Train 7 Project Now at 30% Completion Firm says project to create 50,000 jobs Emmanuel Addeh in Abuja The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, has disclosed that the Train 7 project expected
to deliver over 8 million tonnes when completed, has hit 30 per cent completion. Wabote spoke when the Managing Director, Nigeria Liquefied Natural Gas (NLNG), Dr Philip Mshelbila, led his
management team to pay a visit to the local content board, according to a statement from the NCDMB. He expressed delight with the progress being made with the execution of the LNG Train 7
project, noting that it had reached about 30 per cent completion. He also stated that the worth of the Train 7 project is about $5 billion, which represents a huge Foreign Direct Investment (FDI) into the Nigerian economy.
Other economic benefits, he said, include the creation of 10,000 direct jobs and about 40,000 indirect employment opportunities. “There are also upstream projects that are currently being
approved that will supply gas to Train 7. Those upstream projects will lead to additional $6 million foreign direct investment into the country. Continued on page 5
Oronsaye Report: C’ttee Wants N'Assembly to Streamline Creation of New Parastatals, Agencies, Commissions... Page 10 Friday 26 August, 2022 Vol 27. No 9999. Price: N250
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Wike Continues Search for Relevance, Meets Obasanjo, Atiku, Obi in London Chuks Okocha in Abuja In furtherance of his search for relevance and attention, the Rivers State Governor, Nyesom Wike, yesterday, met separately Atiku Abubakar with Rivers State Governor, Nyesom Wike and his team in London…yesterday
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NUPRC: Nigeria Must Declare Emergency on Oil Theft, Underproduction, Others Resolving security challenge will bring back investments to oil sector Peter Uzoho Worried by the alarming oil theft, underproduction, high production cost, among others, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stressed the need for the declaration of emergency on the nation's oil and industry. The Chief Executive Officer of NUPRC, Mr. Gbenga Komolafe made the call yesterday in Lagos while delivering his keynote address at the 2022 annual international conference of the Nigerian Association of Energy Correspondents (NAEC). Similarly, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kyari, also at the event, stated that the resolution of security challenges in the nation's oil sector would Continued on page 5
IBB LEGACY LECTURE... L-R: Son of former president, Aminu Babangida, wife of former vice president, Aisha Namadi Sambo; former vice president, Arc Namadi Sambo the convener, Aisha Babangida and Mohammed Babangida, during the 2022 IBB Legacy Lecture at the International conference center in Abuja yesterday. PETERS OYEDELE