Nigeria LNG Limited has generated more than $150bn in revenue and exported over 6,000 liquefied natural gas cargoes across the globe since it commenced operations, highlighting its growing contribution to Nigeria’s economy as the country intensifies efforts to leverage its vast gas reserves.
The company also disclosed that it has paid over $47.2bn in dividends to shareholders, remitted more than $10bn in taxes to the Federal Government, and built an asset base valued at about $23bn, making it one of Nigeria’s biggest corporate contributors to government revenue.
The Managing Director and Chief Executive Officer of NLNG, Mr Adeleye Falade, unveiled the figures on Tuesday during his maiden media engagement since assuming office on April 1, 2026.
The briefing, held in Lagos, also provided insight into the company’s growth plans, including the completion of Train 7 and early discussions around the development of Trains 8, 9 and 10, as NLNG seeks to expand Nigeria’s footprint in the global LNG market.
Taking journalists through NLNG’s performance over the past 37 years, Falade said the company had evolved into one of the world’s leading LNG exporters, delivering more than 6,000 cargoes safely to customers across Europe, Asia, the Middle East and other markets.
He explained that while many Nigerians assume NLNG produces natural gas, the company actually purchases gas from upstream producers, processes it by removing impurities, liquefies it, transports it through specialised vessels and markets it to buyers around the world.
“We don’t produce the gas. We buy gas, just like power companies buy gas. We process it, liquefy it, transport it and sell it across the world,” he said.
