NLNG to construct first Nigeria major ship yard for $1.5bn


Babs Omotowa, Managing Director/Chief Executive Officer, Nigeria LNG Limited
LAGOS, (Reuters) – Nigeria Liquefied Natural Gas Company (NLNG) is sponsoring the construction of the first major ship yard in Nigeria, Africa’s biggest economy at the cost of $1.5 billion, in its attempt to turn the country into a hub for maritime operations on the continent.
Nigeria is the world’s eighth biggest crude producer and Africa’s top oil exporter but it does not have a drydock for maintaining and repairing large crude vessels, a major drawback for carriers sailing to the country, NLNG spokesman Tony Okonedo told Reuters.
Only South Africa had such a …Read More

Source:: PM Newspaper