The Minister of Finance, Kemi Adeosun, says the federal government is committed to supporting the commencement of the Train-7 initiative of the Nigerian Liquefied Natural Gas (NLNG) plant.
Mrs Adeosun stated this on Sunday during a visit to the NLNG plant in Finima, Bonny Local Government Area of Rivers State. She said the most important critical need from the government as a shareholder was the support for the investment to commence.
The minister said that the federal government had made fiscal changes to enhance the competitive position of the NLNG by removing the disparity in VAT in tax treatment between imported and local Liquefied Petroleum Gas.
Tayo Oginni, General Manager, Production, stated that the delay in investing in Train-7 would drop Nigeria to Number 10 from Number four in gas production by 2025. Mr Oginni, however, said that Train-7 would increase NLNG’s production capacity by 35 percent and take the country to number three position in the world.