ABUJA: The attention of Nigeria LNG Limited (NLNG) has been drawn to recent media reports on the proposed Badagry Dry Dock Project which purport that Nigeria LNG is the owner of the project.
This is not true as Nigeria LNG is NOT the owner and is not investing in the building of any dry dock.
Nigeria LNG has a singular business focus, namely processing and exporting LNG. It has no interest in investing in a dry dock anywhere in the world.
The owner of the proposed dry dock in Badagry is a consortium of other Nigerian companies under the name of Badagry Ship Repair and Maritime Engineering Company (BSMEC) and which NLNG is NOT a part of.
NLNG’s only interest was and still remains, encouraging investors to consider building dry docks in the country to save the nation’s foreign exchange and save local ship owners, like ourselves, the trouble of having to go overseas for dry dock services.
Nigeria LNG would thus be pleased to see more dry dock projects emerge in different parts of the country, but will not be investing in any. It is thus fair to add that not being an investor in dry dock, NLNG cannot dictate to investors where to site their projects.
Nigeria LNG therefore appeals to those who are issuing threats based on wrong information, to review their position in the light of this clarification. Besides, threats can only discourage other investors from coming to the region.
Please be assured that NLNG remains a good and valuable corporate citizen helping to build a better Nigeria.
