Business

Gas revolution: Nigeria set to become regional hub

Dr. David IgeThe Nigerian National Petroleum Corporation, NNPC, has revealed that the country will become the regional hub of petrochemical and fertilizer by 2017.

The Group Executive Director of Gas and Power, Dr. David Ige, made this disclosure in Abuja last week, while receiving the prestigious Man of the Year Award from the Oil and Gas Year Book that chronicles the Who’s Who of the Global Energy Industry.

Ige said that with the gas development agenda of the Federal Government, in country capacity is being doubled, adding that in a few years from now the entire nation would be wired up with gas.

“All that we need is to make Nigeria a regional hub of petrochemical with fertilizer is in place, and by 2017, Nigeria clearly will become the regional hub of gas in Africa,” Ige affirmed.

He noted that the dedicated major gas infrastructure development initiated by the President Goodluck Jonathan’s administration is designed to create flexibility in the movement of domestic gas nationwide.

Ige further revealed that the Ajaokuta-Kano-Kaduna gas line is at an advanced stage of design to supply gas to the northern part of the country for power generation, and gas-based industries, stressing that similar gas infrastructure projects are ongoing in different parts of the country.

The NNPC director averred that the improvements in gas supply and power availability are a testament to the holistic approach of the administration’s resolve in ending the power crisis in Nigeria permanently.

He posited that the nation is on its way to achieving gas export parity, a development that would encourage greater investment from the private sector in the gas exploration and production.

He revealed that domestic gas usage has been increasing; noting that 300 taxi drivers had converted their cars to run on compressed natural gas in Benin City.

Ige applauded the organisers for the award and said it would spur him and the NNPC to record more milestones in the gas revolution agenda of the Federal Government.

Speaking in similar vein, the Director of the Department of Petroleum Resources, Mr. Osten Olorunshola commended the organizers for their painstaking efforts adding that the nation is moving forward as production of crude oil has stabilized in the country.

In his remarks, the Executive Secretary of the Nigerian Content Development and Monitoring Board, Engr. Ernest Nwapa applauded the publishers for showcasing Nigeria in positive light aimed at transforming the economy of the nation through the Oil and Gas Industry.

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