• Monday, March 04, 2024
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Nigeria LNG denies ownership of Badagry dry dock


The Nigeria LNG Limited (NLNG) has denied being owner of the proposed Badagry Dry Dock Project as being speculated in some quarters.

The organisation said the speculation was false as Nigeria LNG was not the owner and was not investing in the building of any dry dock.

Nigeria LNG, it said, has a singular business focus – processing and exporting LNG, and 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), which the NLNG is not a part of.

According Kudo Eresia-Eke, general manager (external relations), NLNG, in a press statement, NLNG’s only interest is 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,” according to the statement.

The company has therefore appealed 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.

It assured those agitating that the NLNG remained a good and valuable corporate citizen helping to build a better Nigeria.