VENTURES AFRICA- Nigerian National Petroleum Corporation (NNPC), Group Executive Director (GED) of Gas and Power, David Ige, has projected that the on-going reforms in the gas sector will make Nigeria a regional hub of petrochemical and fertilizer by 2017.
Speaking over the weekend, in Abuja, while receiving the Man of the Year Award from the Oil and Gas Yearbook, Ige said, “Gas development reform and capacity in the country was being redoubled and that a few years from now the entire nation would be wired up for gas.”
“All that we need to make Nigeria a regional hub of petrochemical and fertilizer is in place and by 2017; Nigeria clearly will become the regional hub of gas in Africa.”
Ige stated that Nigeria is on its way to achieving gas export parity, a development that would encourage greater investment by the private sector in the gas exploration and production.
He noted that domestic gas usage has been increasing; adding that 300 taxi drivers have already converted their cars to run on gas in Benin City.
Ige noted that the dedicated major Gas Infrastructure Development initiated by the Jonathan administration is designed to create flexibility of movement of domestic gas nationwide.
He posited that improvements in gas supply and power availability are a testament to the holistic approach of this administration in resolving the power crisis in Nigeria permanently.
The NNPC GED also 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 while similar gas infrastructure projects are ongoing in different parts of the country.