It is no longer news that Nigeria has the world’s 10th largest gas reserves but ranks only 17th in production – demonstrating untapped potential. While government seeks new measures to increase utilisation, more needs to be done in the fiscal environment. FEMI ADEKOYA writes. Some months ago, the Director of the Department of Petroleum Resources (DPR) Sarki Auwalu, said that Nigeria’s proven gas reserve has risen to 203.16 tcf, which is believed to be enough to support both domestic consumption and serve as a major foreign exchange earner if utilised. Notwithstanding, experts believe there is much yet undiscovered. But the incentive for exploring gas is limited, even as much of Nigeria’s discovered reserve can only be processed with great market incentives and better infrastructure.