…as Train 7 reaches 93% completion
Nigeria LNG Limited (NLNG) has generated $149.6 billion in revenue since operations began and paid $10.8 billion in taxes to the Federal Government since becoming tax-compliant in 2009, Managing Director and Chief Executive Engr. Adeleye Falade disclosed.
Falade presented the figures on Tuesday in Lagos during the unveiling of Facts and Figures 2026, the company’s annual report on operations, projects, and impact.
Speaking, he described the numbers as evidence of NLNG’s role as a success story in Nigeria’s energy sector.
“We have generated $149.6 billion in revenue as of 2026. $10.8 billion has also been paid in taxes to the Federal Government since the time we became tax-compliant,” Falade said.
He further noted that the company has remitted $47.2 billion in dividends to shareholders, including the Federal Government, which holds the largest stake.
The NLNG boss noted that the company currently operates six liquefaction trains with an asset base valued at over $22.9 billion.
It has also built a fleet of 20 dedicated LNG ships and loaded more than 6,285 LNG cargoes for global markets since inception.
On global relevance, Falade noted that NLNG contributes 6% to the world’s total LNG supply pool, positioning Nigeria as a key player in the international gas market despite domestic challenges.
A major highlight of the 2026 report is the progress on Train 7, NLNG’s expansion project on Bonny Island. Falade reported that the project has reached 93% completion and is on track to become one of Africa’s largest LNG expansions.
“Train 7 will surge our LNG production by 35%. The project will also increase our LPG production by 50%,” he stated.
The additional volumes are expected to strengthen Nigeria’s export earnings and domestic gas supply.
Beyond exports, NLNG plays a critical role in Nigeria’s domestic energy transition. Falade stated that the company supplied 500,000 tonnes of liquefied petroleum gas (LPG) to the Nigerian market last year alone, helping to deepen access to cleaner cooking fuel.
He linked the company’s operations to a sharp reduction in gas flaring nationwide.
According to him, NLNG’s gas-gathering and utilization model has helped crash Nigeria’s gas flare rate from 65% to less than 20%.
Falade also highlighted NLNG’s impact on public health and infrastructure.
He noted that over 470,000 Nigerians die annually from illnesses linked to firewood and other dirty cooking fuels.
The company’s LPG drive directly addresses that burden.
On Corporate Social Responsibility (CSR), the MD cited the completion of the ₦120 billion Bonny-Bodo Road as one of Nigeria’s largest CSR initiatives.
The 40km road provides the first mainland connection to Bonny Island, transforming movement and commerce in Rivers State.
Despite these milestones, Falade admitted that gas supply remains NLNG’s biggest hurdle. “One of our greatest challenges was gas supply. Last year was extremely difficult for us,” he said.
However, he expressed optimism that supply conditions have improved this year.
As Train 7 nears completion, Falade said NLNG’s focus for the next decade will be on reliability, expansion, and deepening its domestic impact.
“The success story continues. Our goal is to deliver more energy, more revenue, and more value to Nigerians,” he added.