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NLNG Train 7 project to create 140,000 jobs

Not less than 140,000 jobs will be created from the Nigerian Liquified Natural Gas (NLNG) Train 7 Engineering, Procurement and Construction (EPC) project. This is according to Simbi Wabote, the Executive Secretary, Nigerian Content Development Monitoring Board (NCDMB). 

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project, jobs, NLNG, NLNG Train 7 project to create 140,000 jobs, attract $10 billion FDI 

Not less than 140,000 jobs will be created from the Nigerian Liquified Natural Gas (NLNG) Train 7 Engineering, Procurement and Construction (EPC) project. This is according to Simbi Wabote, the Executive Secretary, Nigerian Content Development Monitoring Board (NCDMB). 

During the signing of the Letter of Intent (LoI) of the $10 billion project in Abuja, Wabote made known that the target job numbers were exciting, adding that apart from job opportunities and accruable revenues from the project, the drought of Final Investment Decision (FID) in the oil and gas industry were poised to end. 

More so, the company (NLNG) had stated that up to $10 billion worth of Foreign Direct Investment (FDI) was expected to flow into Nigeria in the next five years.

[READ MORE: Nigerians may lose their jobs as mass sack looms at British American Tobacco globally]

What you should know: Nairametrics understands that the NLNG is owned by four shareholders namely – the Federal Government, represented by the Nigerian National Petroleum Corporation (NNPC) with 49% interest; Shell Gas B.V, which has 25.6%; Total Gaz Electricite Holdings France with 15% and Eni International – 10.4%. 

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The Shell-run NLNG disclosed that it had selected a consortium comprising Italian firm, Saipem; South Korean Daewoo Engineering and Japanese Chiyoda to build its $7 billion Train-7 LNG expansion plant. 

Prior to signing the LoI with the consortium, the Managing Director of NLNG, Tony Attah, said the next step in the Train-7 expansion project would be to sign the FID by October, 2019. He added that the Train-7 project would take at least five years after the FID and as well as increase NLNG’s market share in the global LNG industry. 

Attah also emphasised that the project would raise the global profile of Nigeria as the fourth largest exporter of LNG in the world. 

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[READ ALSO: Jobs at risk as digitalisation takes its toll on Standard Chartered expansion plans]

 

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

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Economy & Politics

Breaking: Senatorial, State House of Assembly bye-elections postponed – INEC

Senatorial and State House of Assembly bye-elections slated to hold on October 31 in 11 states have been postponed by INEC.

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Nigeria's election delay

The 6 Senatorial and 9 State House of Assembly bye-elections slated to hold on October 31 in 11 states of the Federation has been postponed by the Independent National Electoral Commission (INEC). The vacancies were as a result of death and resignation of previous members.

According to the statement issued by its National Commissioner & Chairman, Information and Voter Education, Festus Okoye Esq., INEC said the decision was taken after meeting with the 37 Resident Electoral Commissioners (RECs) on Thursday.

Though the commission did not categorically state the reason for the postponement, feelers are that it may not be unconnected with the raging #EndSARS protests across the nation.

 

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Details shortly…

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ENDSARS

#EndSARS: President Buhari issues stern warning to hoodlums

The President has issued a warning to hoodlums who have hijacked the #EndSARS protest to promote unrest.

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President Buhari, in his state of the Nation address to Nigerians this evening has warned hoodlums and the conflict entrepreneurs who have hijacked the #EndSARS protest to promote unrest.

The President explained that the choice to demonstrate peacefully is a fundamental right of citizens as enshrined in Section 40 of the Constitution and other enactments.

“I must warn those who have hijacked and misdirected the initial, genuine and well-intended protest of some of our youths in parts of the country, against the excesses of some members of the now-disbanded Special Anti-Robbery Squad (SARS),” he said.

President Muhammad Buhari frowned against the desperate and inhumane actions of mobsters, arsonists and hoodlums which has led to the loss of human lives, sexual violence, attacks on correctional facilities, as well as public and private properties which were completely destroyed or vandalized.

(READ MORE:#EndSARS: Police officers who participated in abuse of citizens must be fished out – Governors’ Forum)

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He explained that these bad actions will not be tolerated, as it is not in line with the legitimate expression of grievance of the youth of the country. He reiterated that the Government shall continue to ensure that liberty and freedom, as well as the fundamental rights of all citizens, are protected.

What you should know from the President’s State of the Nation address

The President reiterated that the government has the obligation to protect lives and properties, and ensure that the citizens go about their daily businesses freely and protected from acts of violence.

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However, he appealed to protesters to note and take advantage of the various well-thought-out initiatives of this administration designed to make their lives better and more meaningful, and resist the temptation of being used by some subversive elements to cause chaos with the aim of truncating our nascent democracy.

The President, however, warned the youth that doing otherwise will amount to undermining national security as well as law and order, which under no circumstances will be tolerated.

President Buhari thus called on the youths to discontinue the street protests and constructively engage the government in finding solutions, as their voices have been heard loud and clear.

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ENDSARS

#EndSARS: President Buhari tells Youths to discontinue street protests

The President has advised the protesters to discontinue the street protests, but rather, engage the government in finding solutions.

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President Muhammadu Buhari has called on the #EndSARS protesters to discontinue their street protests and rather constructively engage the government in finding solutions.

The President disclosed this during his national broadcast on Thursday.

He said, “I call on our youths to discontinue the street protests and constructively engage government in finding solutions. Your voice has been heard loud and clear and we are responding.

“The choice to demonstrate peacefully is a fundamental right of citizens as enshrined in Section 40 of our Constitution and other enactments; but this right to protest also imposes on the demonstrators the responsibility to respect the rights of other citizens, and the necessity to operate within the law.

“And I call on all Nigerians to go about their normal businesses, and enjoin security agencies to protect lives and properties of all law-abiding citizens without doing harm to those they are meant to protect.”

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