President Bola Ahmed Tinubu has urged the Nigeria Liquefied Natural Gas (NLNG) to intensify efforts to convert gas currently being flared into economic benefits for Nigerians.
Tinubu made the call on Wednesday, August 26, 2026, when he received the NLNG Board, led by its Managing Director and Chief Executive Officer, Engineer Adeleye Falade, at the State House.
The President said NLNG’s focus should not be limited to increasing revenue from international markets but should also prioritise domestic utilisation of Nigeria’s gas resources.
“My major concern is the domestic utilisation, where you must be able to take out the flaring and convert potential environmental liability to what could be strategically and economically beneficial to the consumers in the country,” Tinubu said.
He commended NLNG for increasing its operational capacity and assured the company of the Federal Government’s willingness to provide incentives that could stimulate further growth and expansion.
Tinubu also stressed the need to domesticate some energy requirements and develop pricing mechanisms that would make energy more accessible to ordinary Nigerians.
Earlier, Falade told the President that NLNG had generated more than $150 billion since its inception, with its shareholders, including the Nigerian government, receiving about $47 billion in dividends. Nigeria holds a 49 per cent stake in the company.
According to him, NLNG had previously operated at about 60 per cent capacity due to inadequate crude oil production, which limited operations to four of its six available trains.
He said increased crude oil production had enabled the company to raise its operations to five trains, with further improvements expected.
Falade disclosed that NLNG was preparing to inaugurate Train Seven, which is expected to increase the company’s capacity by 35 per cent. He added that NLNG currently accounts for about five per cent of the global LNG market.
The NLNG chief executive further disclosed that all the company’s Liquefied Petroleum Gas (LPG), commonly known as cooking gas, is currently directed to the domestic market.
He also informed Tinubu that the Bonny-Bodo Road and Bridge project, financed by NLNG, had been completed and was awaiting official commissioning.
The NLNG delegation also included representatives of TotalEnergies, Nigeria Agip Exploration and other senior officials, while Information Minister Mohammed Idris, Presidential Adviser on Information and Strategy Bayo Onanuga, and Senior Special Assistant to the President on Energy Transition Yasmin Mohammed attended the meeting.
