BusinessDay: NLNG plans multi-billion naira dry dock in Lagos, shops for investors

Nigeria may soon be able to save huge foreign exchange through the construction of a dry dock for the maintenance of large ocean going vessels in Badagry Lagos State, as the Nigeria Liquefied Natural Gas (NLNG) Limited has reached out to the investment community – representatives of banks and other financial institutions, promoting the potential for a new dockyard in the country.

This follows the conclusion of feasibility studies by Royal HaskoningDHV, an independent, international engineering and project management consultancy, headquartered in the Netherlands.

The thinking for the establishment of a dry dock in Nigeria is coming on the back of NLNG’s US$1.6 billion contract with shipbuilders, Samsung Heavy Industries and Hyundai Heavy Industries, for the building of six new vessels.

The volume of the fleet spurred the thinking of the need for maintainance locally.
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