There is a $51 billion investment available in Nigeria’s Gas sector, Group Managing Director of Nigeria Nation Petroleum Corporation (NNPC), Dr Maikanti Baru, said yesterday.
Also, Minister of State for Petroleum Dr Ibe Kachikwu, said the Federal Government would give more attention to the development of gas as a major revenue earner.
The officials spoke in Abuja at the 10th Nigerian Gas Association International Conference. They said that the country was determined to reverse its over-dependence on oil as benchmark for the economy.
The theme of the conference is “Nigerian Gas Roadmap and Its Potential for Regional and Global Influence: Its Implementation, Challenges, Opportunities and New Way Forward”.
The minister said: “I must say that over the years there has been a blatant neglect of this sector. We really haven’t focused on gas; all had been on oil production.
“With regard to the recession today, it is clear to us that if we develop a two window of economic earnings, a lot of emphasis will move to gas.