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We moved from loss of N803 billion in 2018, support and teamwork that brought about the
reduced to 1.7 billion in 2019 and in 2020, we are milestone. “We are no longer a liability in this
making profit after tax of N287 billion, this is in country, we are serving people in different ways
no doubt a huge progress but by no means but most importantly we are adding physical va-
sufficient. This is the largest corpora-tion in lue to the fortunes of this country,” he added. In
Africa, we hold the largest reserve of oil and gas his remark, the Minister of State for Petroleum
in the whole of Africa and many coun-tries in the Resources, Chief Timipre Sylva, said that it was
world, our potentials are bigger than this. This the era of achievement for the corporation and
company is a trillion naira profit com-pany,” he sector at large. “This is a season of so many achi-
said. He also noted with the continued support of evements, we just achieved the PIA and now we
the President and the Minister of State for are making profit as a company. This is the first
Petroleum Resources, the corporation would be time this is happening in 43 years as a corpora-
taken to the next level to serve Nigerians better. tion and I am proud of you, the management and
He further commended the board members, staff of the corporation. This is a monumental
union leaders and the management team for the milestone, the first time NNPC is making profit.”

NLNG, a model firm that reflects Nigeria

On June 14, 2021, the inauguration ceremony of
NLNG's 7th plant was held in Finima, Boony Is-
land. This investment will help diversify the sour-
ce of energy produced in Nigeria while ensuring
increased gas production. The Minister of State
for Petroleum Resources, Chief Timipre Sylva, as
well as personalities from the oil and gas sector
were present for the occasion. Bitrus Nabasu
(MPR Permanent Secretary), Mele Kolo Kiyari
(NNPC General Manager), Bala Wunti (NAPIMS
Director), Brenda Ataga (HMSPR Secretary
General) were present to visit the factory and the
control center. During this day particularly rich Thirty years after its creation and twenty years
in exchanges, all the speakers agreed on the ab- after the installation of its first plant in Nigeria,
solutely central role that this new plant has for NLNG is now among the world leaders in the
the future of NLNG as well as for Nigeria. sector. With a turnover of close to $1 bil-lion, the
In fact, the facility is a perfect reflection of the firm continues to make significant in-vestments
willingness and ability of Nigerians to take on in- and still occupies a prominent place in periodic
creasingly ambitious challenges. Indeed, NLNG is rankings. In this context, no need to specify that
a great model of discipline, professionalism, ef- NLNG benefits from the repeated confidence of
ficiency and responsible decision-making. This multiple investors who are pres-sing at its doors.
new plant is in addition to the firm's six other However, NLNG and its executives do not lose
plants, which receive and process gas before sight of reality and give increasing importance to
shipping it around the world. A significant point social and environmental impacts through a par-
is that all the plants are managed and operated ticularly exemplary CSR policy.
by Nigerians.

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