Unfortunately, however, energy deprivation has not been given due attention, because it is either tucked away under living standards along with housing and drinking water or considered as part of infrastructure, where the focus is often on roads and bridges
This facility aims to reduce the largest black nation’s reliance on fossil fuel, particularly petrol, as Nigeria moves into a post-subsidy era.
The facility also aims to leapfrog the national economy by producing an annual 1.5 million tonnes of Liquefied Natural Gas (LNG) for export as well as 300,000 LPG metric tonnes for domestic markets, aimed at lowering and stabilising prices of gas, while creating thousands of jobs and investment opportunities in Nigeria.
The IGU Council, in its November meeting, confirmed the decision to reschedule by one year following a risk assessment around the impact of the COVID-19 pandemic.
“But, our focus at Dangote is how to add value to the natural gas. After all, this Liquefied Natural Gas (LNG) that is being imported by various countries is used as fixed stock. They use this natural gas to generate power, fuel and as feedstock. The value-added products are thereby exported to Nigeria.
Emenike stressed further that the speedy passage of the PIB will encourage more investors in the oil and gas space to see Nigeria as a choice investment destination where their stakes will be protected.
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said that gas is the future of energy development in Nigeria.
