Gas crucial to economy growth


    President Muhammadu Buhari promised on Monday that his administration would use the nation’s abundant gas resources for industrialisation.

    Buhari said the rising global demand for cleaner energy sources offers Nigeria an opportunity to exploit gas resources, adding: “we intend to seize this opportunity.”

    He spoke at the Nigeria International Petroleum Summit (NIPS) 2021 Pre-Summit Conference and official launch of the Decade of Gas in Abuja.

    The President explained to participants at the Conference why his administration has prioritised gas development with remarkable progress.

    Pointing out that Nigeria is a gas nation with a little oil, the President however, lamented that the country had focused more on oil over the years.

    He said “that is the paradox” that his administration “decided to confront when we declared the year 2020 as The Year of Gas in Nigeria.


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