STAKEHOLDERS AWAIT TINUBU’S PRIORITY AREAS IN GAS DEVELOPMENT
Stakeholders await Tinubu’s priority areas in gas development
Stakeholders in the oil and gas sector have urged the government of President Bola Tinubu to clarify its plans for gas development and resolve the risks that undermine Nigeria’s economy and energy transition.
In a document obtained in Abuja on Friday, which was put together by the Natural Resource Governance Institute on the demands of stakeholders and Civil Society Organisations on the issue, they said Tinubu had vowed to accelerate the implementation of the Nigeria Gas Master Plan.
They said the President also vowed to fully develop and modernise Nigeria’s regulatory framework for natural gas production.
“His campaign manifesto promised a 20 per cent increase in gas production, completion of certain critical gas infrastructure projects by 2027, a boost in Nigerian gas exports to the European Union, and a ‘Nigeria First policy’ by which ‘gas resources shall be directed, as a number one priority to Nigerian power generation,” the document read in part.
It added, “Flowing from the above energy mission statement by the President, a coalition of Nigerian Civil Society Organisations have called on the administration to disclose its action plans for Nigeria’s gas sector within 90 days of taking office.”
The coalition noted that although looking more to gas for foreign exchange or domestic energy could address short-term energy and development needs, betting big on gas in the long term carried huge risks.
