NLNG Seeks FG Support On Multiple Taxation As Train 7 Hits 90% Completion
Nigeria LNG Limited is nearing 90% completion of its Train 7 project, a critical infrastructure development for the country's gas economy. The company's leadership is currently seeking government intervention to resolve issues regarding multiple taxation and regulatory bottlenecks.
Why it matters
The project is vital for Nigeria's economic growth, job creation, and energy export capacity, making the resolution of regulatory hurdles essential for investor confidence.
Nigeria LNG Limited (NLNG) has called on the federal government to tackle multiple taxation and conflicting regulatory demands facing its operations, even as its flagship Train 7 project crossed the 90 per cent completion mark, the company’s managing director and chief executive officer, Adeleye Falade, said Thursday in Abuja.
This is, as President Bola Ahmed Tinubu said, the successful delivery of Train 7 will be critical to Nigeria’s ambition to build a stronger gas economy, expand exports, create jobs, deepen local capacity and reinforce investor confidence.
President Tinubu spoke at the State House, Abuja, on Thursday, when he received the NLNG delegation, led by MD/CEO, Adeleye Falade, who briefed him on the progress of Train 7 and the company’s broader role in Nigeria’s gas development agenda.
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