NLNG Operations Have Largely Contributed To Energy, Forex Stability In Nigeria — Ugochinyere

The chairman of House of Representatives Committee on Petroleum Resources (Downstream), Hon. Ikenga Ugochinyere, has said that Nigeria Liquefied Natural Gas (NLNG) operations have played a critical role in ensuring energy and foreign exchange (forex) stability in Nigeria.

Speaking on the sidelines of a recent Energy Retreat held in Abuja, Hon. Ugochinyere emphasised NLNG’s significant contributions to the nation’s economic stability.

“NLNG’s operations have largely contributed towards energy and forex stability in Nigeria. Their consistent performance and strategic initiatives have provided a reliable source of energy and substantial foreign exchange earnings, which are crucial for our economic well-being. The government must continue to provide the necessary backing to ensure the sustainability and growth of NLNG. This includes favorable policies, infrastructural development, and financial incentives. As Nigeria navigates its energy and economic challenges, the successes of NLNG offer a promising path forward. With robust support from the government, these entities are well-positioned to drive Nigeria’s economic transformation and establish the nation as a formidable force in the global energy sector,” the Imo federal lawmaker stated.