Tinubu tells NLNG to turn gas flaring into economic benefit for Nigerians

President Bola Tinubu has urged the Nigeria LNG Limited (NLNG) to reduce gas flaring and ensure Nigeria derives greater economic benefits from its gas resources.

The President made the call on Wednesday when he received members of the NLNG board, led by its Managing Director and Chief Executive Officer, Adeleye Falade, at the State House in Abuja.

The development was disclosed in a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.

President Tinubu said Nigeria should move beyond earning revenue from its gas resources and focus on using them to meet domestic energy needs and reduce the environmental impact of gas flaring.

“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,” he said.

He urged the company to ensure that the benefits of Nigeria’s gas resources extend to domestic consumers.

“Yes, you are doing great to really want the revenue up and taking advantage of international interests so that Nigeria might be deriving benefits, but help us back home,” he added.

He called for greater consideration of domestic energy requirements and pricing mechanisms, saying Nigerians should be able to feel the benefits of the country’s natural resources.

“I think that is the primary focus. But think of people, the need for domestication of some of these energy requirements and pricing mechanisms so that the ordinary man will feel it,” he said.

Tinubu promises incentives for NLNG expansion

The President commended NLNG’s management for increasing the company’s capacity and improving its returns.

He said his administration was willing to provide incentives that could support…