Uzodimma, Stakeholders Make Case For Gas-Based Revenue

Imo State Governor Hope Uzodimma has advocated full utilisation of potential of the over 200 trillion gas deposits in the state, to enhance revenue generation in the country, particularly now that the Russia-Ukarine war is on.

Uzodimma, represented by his deputy, Prof. Placid Njoku, spoke yesterday in Owerri at the opening ceremony of a three-day ‘Sensitisation forum for stakeholders on institutionalisation of diversification of the economy, using natural gas,’ organised by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).

Thanking the commission for its efforts, he offered the readiness of the state government under his watch to partner the Federal Government to achieve the harnessing of potential in the gas deposits domiciled in the state.

The Chairman of the Gas and Monitoring Committee of the commission, Patrick Mgbelu, said the committee would strive towards ensuring that gas, as easy source of energy, was deployed in the right direction and maximum utilisation of the over 200 trillion cubic feet of the resource in the state.

He said: “We need to make sure that gas, which is an easy source of energy, is deployed in the right direction because it has the capability to transform our economy.

“We wish to assure the government and the people of Imo State that RMAFC will effectively discharge its constitutional responsibility to ensure that the government invests in the commercialisation of the abundant gas resources in Imo State.

“This will reduce the incidence of gas flaring being practised by the oil companies.”

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