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Oil and gas investments on Bonny Island hits $30bn

Emeka Okoroanyanwu

The combined scale of oil and gas investments in the island of Bonny, Rivers State, currently stands at over $30,000 billion, the Nigeria LNG Limited, NLNG, has said.

NLNG Managing Director, Mr. Tony Attah, said Bonny remains the most developed community in Nigeria with 99 percent steady power supply.

Attah disclosed this at the groundbreaking ceremony for the Bonny Consulate Building in Bonny, as parts of activities to mark the company’s 30 years anniversary.

He assured that the NLNG Train-7 remains alive, adding that the company was committed to making Bonny Island the Dubai of Africa, while soliciting for peace and continuous support from the people of Bonny Kingdom.

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According to him, “This community is home to notable oil and gas giants in Nigeria whose combined scale of investment in the Kingdom is more than $30 billion in assets.

“It is therefore only expected that Bonny should command significant recognition as a preferred investors and tourists’ destination.

“This is more so given the fact that it is one of the most developed communities in the Niger Delta with a modern road network, potable water and perhaps the only community in Nigeria with 99percent electric power availability.

“All of these have been enabled by the cordial relationship that has existed between this peaceful community and Nigeria LNG in the last 20 years, upon which we synergized with our joint industry peers on the Island to provide basic social amenities to progress facilitate the development.

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