FG reiterates commitment to utilise gas for economic growth, prosperity
…As Tinubu lauds NNPC Ltd, partners over three commissioned gas projects
In line with its renewed hope agenda, the federal government has reiterated its determination to utilize Nigeria’s abundant gas resources towards revamping the nation’s industrial growth and kickstarting its economic prosperity.
President Bola Ahmed Tinubu disclosed this while commissioning three critical gas infrastructure projects executed by NNPC Limited and its partners in Ohaji-Egbema, Imo State, and Kwale, Delta State, yesterday.
Imo State, known for having the largest gas deposit in West Africa and ranked 9th in the world, is finally seeing its potential being fully utilized. With Governor Hope Uzodimma at the helm, the state is making significant strides in the gas sector. The commissioning of these infrastructure projects is not only a testament to the state’s abundant resources but also a promising sign of the economic growth and development to come.
The three projects include the expansion of the AHL Gas Processing Plant, the ANOH Gas Processing Plant and the 23.3km ANOH to Obiafu-Obrikom-Oben (OB3) Custody Transfer Metering Station Gas Pipeline Projects.
“It is pleasing that approximately, 500MMscf of gas in aggregate would be supplied to the domestic market from these two gas processing plants, which represents over 25% incremental growth in gas supply.
‘’In practical terms, this translates into more gas to the power sector, gas-based Industries, and other critical segments of the economy,” the President said.
He said from the onset, his administration was clear of its intention to leverage the virtually unlimited capacity of gas to deepen domestic gas utilization, increase national power generation capacity, revitalize industries, and create multiple job opportunities for economic growth.
The President said aside from the Presidential Compressed Natural Gas, CNG, Initiative which is aimed at moving Nigerians away from petrol and diesel as vehicular combustion fuel, significant progress had also been recorded in incentivizing gas development through Presidential Executive Orders.
While congratulating the projects partners (NNPC Limited, Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) and Seplat Energy for the successful implementation of the three projects, Tinubu particularly charged the NNPC Limited to, as the national energy company of choice, sustain its relentless efforts and record more successes in the energy sector for the benefit of all Nigerians.
He described the commissioning as a highly significant milestone for Nigeria as it demonstrated his administration’s efforts to accelerate the development of critical gas infrastructure geared at enhancing the supply of energy to boost industrial growth and create employment opportunities.
He said the projects were fully in line with the federal government’s decade of gas initiative, and his administration’s quest to grow value from the nation’s abundant gas assets, while concurrently eliminating gas flaring and accelerating industrialization.
“I wish to assure the citizenry that these are just the beginning, as the federal government is stepping up its coordination of other landmark projects and initiatives that will ensure the earliest realization of gas fueled prosperity in our country.”