(Ecofin Agency) - Due to militant attacks on key infrastructures and global slump in oil prices, the dividend paid to the Federal Government by the Nigeria Liquefied Natural Gas (NLNG) Limited slumped to $356.1 million in 2016 against $1.043 billion the year before. This was reported by The Nation.

According to 2017 statistics disclosed last week by the management of NLNG, the various taxes paid by the company also slumped. Indeed, in 2016, NLNG’s income tax and education tax fell to $323.27 million from $2.170 billion the year before. Pay as you earn (PAYE) slumped as well, to $31.32 million against $42.84 million in 2015. In opposition to the negative trend, value added tax (VAT) soared last year, standing at $24.59 million, as compared to $20.156 million.

While reducing dividend paid to the government, it should be recalled that NLNG recently concluded plans to boost supply of liquefied petroleum gas or cooking gas, from 250,000 tons to 350,000 tons, Independent reported.