The Nigeria Prize for Science and The Nigeria Prize for Literature are sponsored by Nigeria LNG Limited. The prizes are aimed at bringing Nigerian scientists and authors to public attention and celebrating excellence in scienti?c breakthroughs and literary accomplishments in the nation.
?NLNG believes that the science prize will provide leaders with answers to crucial issues in development; improve the standards of living and re-energise the scienti?c community to seek solutions to national problems. With The Nigeria Prize for Literature, it is expected that the quest for a prestigious prize will improve the quality of writing, editing, proof-reading, and publishing in the country with far-reaching positive effect on print and broadcast journalism.
The prizes are administered, on behalf of Nigeria LNG Limited, by the Nigerian Academy of Science and the Advisory Board for Literature made up of members of Nigerian Academy of Letters (NAL) and the Association of Nigerian Authors (ANA). Winners are announced in October, commemorating the ?rst export of LNG cargo by NLNG on October 9, 1999.
At inception in 2004, the monetary reward was USD20, 000, which was increased in 2006 to USD30, 000. In 2008, it was again upped to USD50,000. In 2011, yet another signi?cant change in the administration led to the increment of the monetary reward to USD100, 000 for each of the prizes.