Buhari revealed this in a virtual address at the
inauguration of the National Oil and Gas Excellence Centre (NOGEC) which was held at the Department of Petroleum Resources (DPR) headquarters in Lagos.
The president said his administration is committed to ensuring maximum benefit from the nation’s huge natural resources and will continue to leverage on oil and gas to ensure economic growth.
He said: ”You would recall that at the beginning of this administration, we set a clear roadmap for the oil and gas sector in order to increase value from the nation’s huge resource potentials and create opportunities for investors, both local and foreign, when I declared that: ‘Nigeria is Open for Business!’
By Solomon Asowata
Lagos, Jan. 11, 2021 The Major Oil Marketers Association of Nigeria (MOMAN) says the Federal Government needs the support of the private sector, to successfully implement the National Gas Policy aimed at deepening gas utilisation in Nigeria.
Mr Tunji Oyebanji, Chairman, MOMAN, told the News Agency of Nigeria (NAN) on Monday in Lagos that the nation would soon begin to reap the benefits of the government’s gas policies.
NAN reports that some of these policies included the Autogas Scheme, which was formally inaugurated on Dec. 1 by President Muhammadu Buhari and the National Gas Expansion Programme.
Oyebanji said: “we believe that there will be a lot of activities in the gas sector this year, both Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG).
By Edith Ike-Eboh
“In my salon and Spa, I spend on a daily basis, between N7,000 and N10,000, on petrol to keep my business running. It is tough but I am optimistic that one day power supply will improve in the country to help me grow my business,” says Mrs Victoria Justice, a Stylist and an entrepreneur in Kubwa, an outskirt town in the Federal Capital Territory, Abuja.
Justice is one among many young small business owners who battles to keep their businesses afloat because of the high cost of running their operations and activities, occasioned by poor electricity supply.
Vanguard News
Autogas: Story of transition to more sustainable future
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With the Federal Government’s bold strides in the transition to autogas as an alternative and eco-friendlier fuel, from the adverse impacts of petrol and diesel as conventional fuels, Nigeria certainly appears determined in engaging with the realities of the times we live in.
This is not only in terms of taking its climate response actions more seriously, which is good for the environment but also as good economics, particularly with the fallout of the coronavirus pandemic, occasioning a burst in the commodity cycle. This has knocked the bottom off the price of oil in the international markets, and deeply unsettled the national economy.