BY DEJI OGUNSOLA
President Muhammadu Buhari has revealed that one of the objectives of his administration is to transform Nigeria into an industralised nation with the help of the gas sector.
He said that his administration would fully utilise the enormous gas resources in the country to uplift the economy and drive industralisation.
The President stated this on Monday at the virtual launch of The Decade of Gas in Nigeria in Abuja.
Setting the tone for the development of the industry in the next ten years, President Buhari said given the country’s potential of about 600 trillion cubic feet of gas, the commodity has the enormous potential to diversify Nigeria’s economy.
The President told participants at the Pre-Summit that while his administration has prioritized gas development and recorded remarkable progress, it is well known that Nigeria is a gas nation with little oil, but the country has focused on oil over the years.
Enumerating what his administration has done to energise the sector, the President said the development of gas infrastructure has commenced along with the domestic utilization of LPG and CNG, as well as the process of commercializing gas flares, development of industrial and transport gas markets, and increasing gas to power.
The President commended the collaboration between the Federal Ministry of Petroleum Resources, Nigerian National Petroleum Corporation and the Nigeria LNG Limited to actualize the dream of transforming Nigeria with its massive gas resources.