economy

NLNG Train 7 Will Boost Nigeria’s Foreign Exchange Earning, Create Thousands Of Jobs – APC

The All Progressives Congress (APC) has said the Nigerian Liquified Natural Gas (NLNG) Train 7 project will boost Nigeria’s foreign exchange earnings and create thousands of jobs.

APC stated this in a statement issued on Wednesday by its National Secretary Caretaker/Extraordinary Convention Planning Committee (CECPC), Sen. John Akpanudoedehe.

Akpanudoedehe said the party unbehalf of its National Chairman, Mai Mala Buni, congratulated President Muhammadu Buhari, who doubles as petroleum resources minister for the flagging off the construction of the $10 billion NLNG Train 7 project.

He noted that the project will take Nigeria’s capacity to process its abundant gas deposit to about 30 million metric tones annually.

The national secretary of the party said, “The Train 7 NLNG project is part of the Decade for Gas Development Initiative which was an element of the National Gas Policy of 2017 articulated by the Buhari-led administation.”

According to him, the Train 7 which is designed to produce 8 million metric tones of Liquified Natural Gas (LNG) and condensates annually promises to lift Nigeria’s LNG production to 30 million metric tones per annum from the current 22 million metric tones.

He opined that in addition to diversifying the country’s economy in line with the promise made to Nigerians by the APC, the project “adds to the long list of major strategic projects being implemented by the APC-led administation of President Buhari.”

Furthermore, he noted, “The project will boost Nigeria’s foreign exchange earning, create thousands of jobs during and after construction, contribute to our country’s industrial development as well as encourage the use of gas as fuel of choice for domestic purposes. For all these, all Nigerians are congratulated.

“Nigeria has embarked on other gas-utilisation projects including the National Gas Expansion Programme, the construction of the 614-km Ajaokuta-Kaduna-Kano (AKK) gas pipeline and the Autogas policy.

“With these projects coming to fruition, Nigerians would tremendously benefit  as more of the 600 trillion Nigeria’s gas endowment  is processed and converted into commodity.”

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