Nigeria Needs $1Billion to Reform Gas Sector


Nigerians scrambling for Kerosene

Scrambling for Kerosene in Nigeria is a regular occurrence.

The Federal Government of Nigeria currently needs $1billion to establish three central processing facilities for gas production in the country, the Chief Economic Adviser to the President, Mr. Tanimu Yakubu has disclosed. Speaking with newsmen on Thursday in Abuja, Yakubu said the facilities, to be located in the Niger Delta, would process upstream gas, extract liquefied petroleum gas and transmit dry gas to the domestic market. The presidential aide, who was shedding light on ongoing reforms of government, said that the facilities would ensure efficient delivery of natural gas to the entire domestic market for power generation and industrial development. Yakubu said the power sector was left for 10 years without any funding, leading to the dilapidated state of its distribution networks. He attributed the shortage of gas to lack of integrated planning between gas production and electricity generation. “The gas problem was further compounded by unrest in the Niger Delta and a lack of appropriate commercial sales agreements for investment in gas production and supply,” Yakubu said.

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