“This Is An Investment Enabling Government, We Will Not Relent In Facilitating The Ease Of Doing Business”  – Tinubu Assures Investors

By Suleiman Anyalewechi

President Bola Tinubu has expressed the optimism that with an estimated 500 mmscf of Gas expected to be supplied into the local market by the newly  constructed gas production facilities at Ohaji- Egbema in Imo state and Kwale in Delta State, the problematic shortfalls in the supply chain  will be substantially curtailed.

The President who spoke at the official commissioning of the Gas projects on Wednesday, May 15, 2024, emphasised the determination of his administration to rejig the economic fortunes of the country through the provision of critical infrastructural facilities.

A statement issued by the Spokesperson for the Nigeria National Petroleum Company Limited NNPCL, Olufemi Soleye, qouted President Tinubu as saying that his administration from the beginning has always perceived the exploitation of the country’s abundant gas resources as an important component in the  collective task of increased power generation ,revitalization of industries and the creation of job opportunities .

According to the NNPCL’s statement, the three gas production facilities commissioned include,the AHL Gas Processing Plant, ANOH Gas Processing Plant, and the 23.3km Obiafu-Obrikom-Oben OB3 Custody Transfer Metering Station Gas Pipeline projects.

“I wish to assure the citizenry that these are just the beginning ,as the federal Government is stepping up its coordination of other landmark projects and initiatives that will ensure the earliest realization of gas -fueled prosperity in our country .

“Consequently, I wish to assure investors in the energy sector that this is an investment enabling  Government and we will not relent in facilitating the ease of doing business ” President Tinubu stated .

The President noted that a significant progress has been achieved in the area  of intentional efforts at transiting Nigerians away from the use of petrol and  diesel as vehicles combustion fuel to Compressed Natural Gas CNG  .

While appreciating the NNPCL and its partners, Sterling Oil Exploration and Energy Production Company, SEEPCO and Seplat Energy for seeing the Gas projects through, President Tinubu also urged the apex petroleum products management outfit to sustain the quest to further develop the industry for the over all interest of the country.

“It is pleasing that an approximately,500MMscf of gas in aggregate would be supplied to the domestic market from,these Gas processing Plants ,which represents over %25 incremental growth in gas supply .

“In practical terms ,this translates into more gas to the power sector ,Gas Based Industries and other critical segments of the economy.” the President remarked.