The Nigerian Liquefied Natural Gas, NLNG, Limited does not own the Badagry Ship Repair and Maritime Engineering Company (BSMEC), Taiwo Afolabi, who leads the owning consortium said. Afolabi said five indigenous companies own the $1.5 billion dockyard project. He named the companies as Sifax Logistics and Marine Services Limited, Energy Nature Limited, GMT Energy Services Limited, Japaul Oil and Maritime Services plc, and SIVC Infrastructure DMCC (Sahara Group Limited).
“Nigeria LNG is not a part of the consortium and is not an investor in the construction of the dry dock project", Afolabi stated. The dockyard, he adds, will be used for the maintenance of a wide range of oil and gas related vessels, including very large crude carriers (VLCCs), offshore drilling rigs, offshore support vessels, in addition to large LNG carriers.” It will also serve dry docking vessels from other West Africa countries. He said the motif for citing the project in Lagos is purely a business interest.