Leaders from the Joint Niger Delta Youths Movement have demonstrated against the stiing of a $1.5 billion dry dock in Badagry, Lagos State. They specifically cited Nigeria LNG (NLNG), a liquiefied natural gas company, and other investors.
Leaders from the Joint Niger Delta Youths Movement have demonstrated against the stiing of a $1.5 billion dry dock in Badagry, Lagos State. They specifically cited Nigeria LNG (NLNG), a liquiefied natural gas company, and other investors.
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NLNG meanwhile has released a statement saying that it is not the owner of the Badagry Dry Dock Project. "The owner of the proposed dry dock in Badagry is a consortium of other Nigerian companies under the name of Badagry Ship Repair and Maritime Engineering Company (BSMEC) and which NLNG is NOT a part of," the company said in a statement released by spokesperson Dr. Kudo Eresia-Eke.
NLNG's only interest was and still remains, encouraging investors to consider building dry docks in the country to save the nation's foreign exchange and save local ship owners, like ourselves, the trouble of having to go overseas for dry dock services," the statement continued.
While the statement said the company is unable to "dictate" the site for dry dock projects, it is unclear how much influence it has over other investors in the placement of the Badagry Dry Dock Project.