President Bola Tinubu has backed the implementation of a $5bn Floating
Liquefied Natural Gas (LNG) project in the country.
Addressing newsmen yesterday after a meeting with the President, leader of the
delegation of joint venture partners, Julius Rone, said the project has the capacity
to generate 7,000 direct jobs and produce 300,000 tons of LPG every year.
The President gave the backing when he received a group of joint venture partners
made up of UTM FLNG, TECHNIP Energies and JGC Corporation in his office,
alongside Ambassadors of France and Japan to Nigeria.
The first floating LNG project in Nigeria, according to Mr. Julius Rone, is expected to
come on stream by the first quarter of 2026.