Saturday, May 24, 2025
31.5 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

Jonathan, Attah, Others Win Champions of Nigerian Content Awards 

Champions of Nigerian Content Awards:  Former President, Federal Republic...

Wecass Braun Unveils Integrated Energy Solutions for Nigeria

Mr. André Braun, Co-CEO of Wecass-Braun Integrated Energy Limited...

BudgIT Uncovers N7tn Projects Inserted by NA in 2025 FG Budget

BudgIT, a civic tech organisation promoting transparency and accountability...

Life Insurance Explained: Why Staying the Course Matters More Than Early Withdrawal

In response to recent media inquiries highlighting common misconceptions...

NCC Pays Courtesy Visit to NCA in Ghana

L-R: Executive Vice Chairman/ Chief Executive Officer, Nigerian Communications...

Topics

Cash Flow: 5 Top Tips To Keep The Cash Flowing

By Magnus Nmonwu, Regional Director, Sage West Africa Cash flow...

The Role of Insurance in Aviation Business

Being text of the speech delivered by Mr. Olusegun...

NCC, NAICOM, PenCom, SEC, NEM, Dangote, Stanbic IBTC, STI for Business Journal 15th Anniversary Lecture

The Business Journal 15th Anniversary Lecture/Awards scheduled for Friday,...

Visafone Test-runs 4G LTE Internet to Deepen Broadband Services

Visafone, MTN Nigeria’s subsidiary has began the test-run of...

AIICO Sponsors Cancer Treatment for 30, Mammogram Testing for 100 Others

AIICO Insurance Plc, a frontline and innovative insurance company...

‘INSURANCE FIRST’ Policy Adopted by New NIA Chairman, Tope Smart

Mr. Tope Smart, Group Managing Director/CEO of NEM Insurance...

Life Expectancy in Africa

Nigeria Health Statistics Total population 158,423,000 Gross national income per capita (PPP...
spot_img

Related Articles

Popular Categories

spot_imgspot_img