Siminalayi Fubara has attributed the enduring success of Nigeria Liquefied Natural Gas Limited to the Public-Private Partnership (PPP) model adopted by the Federal Government in collaboration with multinational oil companies. The Governor made the remarks while receiving the new Managing Director and CEO of NLNG, Adeleye Falade, during a courtesy visit at the Government House in Port Harcourt.
Key Highlights:
- Gov. Fubara praises NLNG’s PPP model for resilience and sustained progress
- Pledges Rivers State government support for continued success.
- NLNG CEO Falade reaffirms commitment to host communities and economic empowerment programs.
According to Gov. Fubara, NLNG’s joint ownership structure—NNPC 49%, Shell Gas B.V. 25.6%, Total LNG Nigeria Ltd 15%, and Eni International 10.4%—enables shared expertise, risk, and operational efficiency, a strategy that has allowed the company to thrive for nearly three decades.
“I’m very proud to say that if there is one establishment that has shown resilience and survived in the face of political issues in this country, it is the NLNG. The reason is simple: government has no business in business. Leave operations to experts while government supervises compliance and standards. That is why NLNG continues to succeed,” he stated.
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The Governor pledged that his administration will continue to support NLNG, emphasizing that the company’s success is intrinsically linked to the progress of Rivers State and Nigeria at large. He assured that all state government units would collaborate with NLNG to ensure its operations flourish.
In his remarks, Mr. Falade thanked Gov. Fubara for the audience and reaffirmed NLNG’s commitment to Nigeria’s development and host communities. He highlighted ongoing initiatives in Amadi-Ama, Abua, Ekpeye, Okrika, Kalabari, and Emohua, including infrastructure projects and economic empowerment programs such as the Vocational Innovation and Business Empowerment Scheme (VIBES) and Micro, Small, and Medium Enterprise (MSME) schemes aimed at fostering local enterprise and capacity building.
Officials accompanying the NLNG Managing Director included Dr Sophia Horsfall Manager, External Relations, Abdul Umar, NLNG Manager, Government Relations, and Dr Yemi Adeyemi.
