President Bola Tinubu has inaugurated two expanded gas processing plants, and a custody transfer metering station gas pipeline.
Performing the inauguration virtually, President Tinubu re-assured investors in the energy sector of his administration’s resolve to further enhance the business environment and ensure investment convenience.
President Tinubu also assured citizens that his administration was stepping up its co-ordination of other landmark projects and initiatives that would ensure the earliest realisation of gas-fueled prosperity in the country.
He noted that the projects were 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 industrialisation.
“This event is highly significant to our country as it demonstrates the administration’s concerted efforts to accelerate the development of critical gas infrastructure geared at significantly enhancing the supply of energy to boost industrial growth and create employment opportunities.
“It is pleasing that when these projects become fully operational, approximately 500MMscf of gas in aggregate will be supplied to the domestic market from these two gas processing plants, which represents over 25% incremental growth in gas supply.
“In practical terms, this is more gas to the power sector, gas-based industries, and other critical segments of the economy. I, therefore, commend the strategic vision of the NNPC Limited and its partners, Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) and Seplat Energy Plc, for this laudable and value-adding projects,” President Tinubu said.
The President said his government remained determined in its bid to leverage the nation’s vast gas capacity to drive economic growth.
