Gas development is a top priority for the administration of President Bola Tinubu, according to the Presidency. Ms. Olu Verheijen, the President’s Special Adviser on Energy, emphasized this during the inauguration of Abuja’s “Decade of Gas” secretariat.
Verheijen acknowledged the country’s progress in the gas sector and highlighted the President’s commitment to maximizing its utilization.
The “Decade of Gas” initiative, scheduled from 2021 to 2030, aims to promote the supply and distribution of gas as the primary energy source for both power and gas-based industries.
Farouk Ahmed, the CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), stated that Nigeria is striving to become a more gas-oriented nation for domestic consumption and export.
The project coordinator, Mr. Ed Ebong, revealed they are working on several industry projects, which will be crucial in shaping the country’s future if supported by the proper policy framework. Ebong emphasized the need to address the approximately US$1 billion debt gas companies owe for previous gas supplies as a top priority.
He also highlighted the importance of constructing physical and virtual pipelines to facilitate gas transportation to areas of demand. Additionally, building the capacity of personnel within the gas sector was identified as another vital aspect.
In summary, the Presidency has underlined the importance of gas development for the Tinubu administration. The “Decade of Gas” program aims to enhance the supply and distribution of gas, positioning it as the primary energy source for various industries.
Nigeria seeks to leverage gas for both domestic use and exports, and efforts are underway to address financial obligations, establish pipelines, and develop a skilled workforce within the sector.