Friday, April 24, 2026
27.4 C
Lagos

FG Reiterates Commitment to Utilise Gas for Economic Growth, Prosperity

Deputy Governor of Imo State, Lady Chinyere Ekumaro cuts the tape to mark the Presidential commissioning of the ANOH Gas Processing Plant, one of the three critical gas projects delivered by NNPC and its partners, in Assa Community, Ohaji/Egbema Local Government Area of Imo State. Supporting the Deputy Governor is the GCEO NNPC, Malam Mele Kyari (2nd from right) and Chairman, Seplat Nigeria, Senator Udo Udoma.

In line with its renewed hope agenda, the Federal Government has reiterated its determination to utilise 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, in Imo State and Kwale, in Delta States on Wednesday.

The three projects commissioned 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 percent 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 added.

The President said from the onset, his administration was clear of its intention to leverage on the virtually unlimited capacity of gas to deepen domestic gas utilisation, increase national power generation capacity, revitalize industries, and create multiple job opportunities for economic growth.

He said aside the Presidential Compressed Natural Gas (CNG) Initiative which is aimed at moving Nigerians away from petrol and diesel as vehicular combustion fuel, significant progress has 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 demonstrates 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 realisation of gas fueled prosperity in our country. Consequently, I wish to assure investors in the energy space that this is an investment enabling government and we will not relent in facilitating the ease of doing business,” the President noted.

Earlier in his address, the Minister of State for Petroleum Resources (Gas) Rt. Hon. Ekperikpe Ekpo highlighted the efforts of his ministry to continue to champion the utilisation of gas as a transition fuel as Nigeria moves towards achieving clean energy efficiency and security by 2060.

Ekpo commended the President for his leadership and support towards the success of the three projects.

In his remarks, the GCEO NNPC, Mr. Mele Kyari described the commissioning as a demonstration of Mr. President’s commitment and support to grow the domestic utilisation of natural gas for power generation, as feedstock for gas-based industries and overall rapid industrialisation of Nigeria on the back of the enormous gas resources in the country.

Kyari assured that as part of its mandate, NNPC Ltd remains committed to maintaining energy security by executing more strategic gas projects for the benefit of Nigeria.

spot_img
spot_img
spot_img

Hot this week

QEDNG Summit 2026 Set for August 11 in Lagos

The QEDNG Creative Powerhouse Summit will hold its second edition on...

NLNG MD, Adeleye Falade, Commends Rivers Police, Seeks Stronger Security Collaboration

Adeleye Falade, MD, NLNG, (centre); Olakunle Osobu, Deputy MD...

Renaissance MD, Tony Attah, Predicts Merger of Operators at Nigerian Content Lecture

The Managing Director of Renaissance Africa Energy Company Limited,...

NCDMB, Seplat Firm Up Plans for Take-off of Centre of Excellence at DELSU

 Key Management staff of the Nigerian Content Development and...

FG Denies Allegation of Hidden Spending, Diversion of Federation Revenue

The attention of the Federal Ministry of Finance has...

Topics

NEM Insurance Reports N15bn Premium in 2018, Pays N6bn Claims

NEM Insurance Plc recorded gross premium income of N15.04 billion...

INEC: One Party Fails to Nominate a Single Polling Agent for Anambra Election

REMARKS BY THE HONOURABLE CHAIRMAN, INDEPENDENT NATIONAL ELECTORAL COMMISSION...

Economist Unveils 6-Point Economic Plan for Buhari Administration

Professor Akpan Ekpo, Director-General, West African Institute For Financial And Economic Management (WAIFEM) has drawn a 6-Point Economic Plan for the in-coming Buhari Administration sustainable economic renaissance on the back of regime support for the private sector as growth engine of the economy. The 6-Point Plan is anchored on Reduction of Unemployment, Infrastructure, Human Capital, Diversification, Utilisation of Foreign Reserves and Poverty Reduction. Ekpo said for the country to make progress, the regime must continue to support the private sector as the engine of growth, given that the sector exists in an economic system managed by government.x

China’s Forex Reserves Fall to $3.20tr in July

China's foreign exchange reserves fell to $3.20 trillion in...

Business Journal Weekly Online Newspaper to go LIVE August 7

The Business Journal weekly online newspaper will commence publication...

Leadway Group Showcases Unified Products, Services Offering via Leadway One Campaign 

The Leadway Group, one of Nigeria's leading non-banking financial...

NNPCL Alleges Co-ordinated Sabotage Campaign Against its Leadership

The Nigerian National Petroleum Company Limited (NNPC Ltd) has...
spot_img

Related Articles

Popular Categories

spot_imgspot_img