President Bola Tinubu has reassured investors in the energy sector of his administration’s resolve to further enhance the business environment and ensure ease of doing business in Nigeria.
The plant will produce dry gas, condensate, and LPG. The gas from the ANOH plant will significantly increase the domestic gas supply, leading to increased power generation and accelerated industrialization. According to a statement issued by his special adviser on media and publicity, Ajuri Ngelale, the President noted that the projects are fully in line with the Decade of Gas Initiative and his government’s vision to grow value from the nation’s abundant gas assets while concurrently eliminating gas flaring and accelerating industrialization.
The president said his government remains determined in its bid to leverage the nation’s vast gas capacity to drive economic growth. President Tinubu also reiterated his government’s resolve to continue to provide support in deepening domestic gas utilization, increasing national power generation capacity, revitalising industries, and creating multiple job opportunities for economic growth.
The Minister of State for Petroleum Resources , Ekperikpe Ekpo, in his speech, said the removal of petrol subsidies had motivated a push towards gas production which also serves as Nigeria’s transition fuel.“Mr. President, the decision to eliminate fuel subsidies at the start of your administration has compelled increased spending in the upstream and midstream gas development, and the use of gas as an appropriate, more cost-effective, and cleaner alternative to diesel and gasoline.
He stated that the company’s ability to complete two years’ worth of work in just 11 months is a testament to the power of commitment, resources, and technology. He added that host communities will benefit from direct and indirect jobs, as well as the provisions of the law. “And this is becoming very apparent because we do need the backbone infrastructure to deliver on all these and this is what Mr President has pushed and we are delivering on them.