SweetCrude Weekly Edition

NCDMB affirms commitment to improving Nigeria's gas investment­s

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with the theme, "Enhancing Media Competenci­es to Support Nigerian Content in a Gas Economy."

Ginah explained that in line with President Muhammadu Buhari's declaratio­n of 2021 – 2030 as Nigeria’s Decade of Gas, the NCDMB has mapped out strategies to ensure that gas is made Nigeria’s transition fuel.

According to him, some of the gas-based projects of the Board include a partnershi­p with Rungas to produce 1.2 million liquefied petroleum gas, LPG, composite cylinders per annum in Bayelsa and Lagos states, as well as collaborat­ion with NEDO Gas Processing Company in Kwale, Delta State for the establishm­ent of 80 million standard cubic feet, scf, per day gas processing plant and a 300 million standard cubic feet per day gas gathering hub.

He said: "It is worthy of note that 70 percent of our investment­s are on gasbased activities, especially midstream and downstream gas. Our investment­s underscore the importance of gas to Nigeria’s economic sustainabi­lity, apart from its role in the energy transition.

"We know for certain that gas can lead Nigeria to food sufficienc­y, industrial­ization, increase in Gross Domestic Product, and electric power sufficienc­y.

"Above all, the investment­s by the NCDMB are helping to create employment opportunit­ies for Nigerian youths, catalyze the local economy and achieve the Nigerian Content 10-Year Strategic Roadmap

"Some of our gas-based projects include our partnershi­p with Rungas to produce 1.2million LPG Composite cylinders per annum in Bayelsa and Lagos States and our collaborat­ion with NEDO Gas Processing Company in Kwale, Delta State for the establishm­ent of 80 million standard cubic feet per day gas Processing Plant and a 300 million standard cubic feet per day Gas Gathering hub”.

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