Nigeria is a step closer to fully utilising its abundant gas potential, says President Muhammadu Buhari on Tuesday, while inaugurating the Integrated Gas Handling Facility and Liquefied Petroleum Gas Processing and Dispensing Plant.
The plant was built and operated by the Nigerian Petroleum Development Company, an upstream subsidiary of Nigerian National Petroleum Corporation in Oredo, Edo State..
“In addition to its import substitution benefits that brings us a step closer to self-sufficiency in LPG production and also supporting the growth of small and medium enterprises in the host communities, this project will create hundreds of direct and indirect employment opportunities for our teeming youths (both skilled and unskilled).
“Apart from being the largest onshore LPG plant in Nigeria with the potential of supplying about 20 per cent of Nigeria’s LPG demand, the Oredo Integrated Gas Handling Facility was carefully situated at a corridor proximate to more than 80 per cent of Nigeria’s LPG demand source,” Buhari said.
The project was a follow-up to his administration’s plans to make 2020 ‘Nigeria’s Year of the Gas.’
“At the turn of the year 2020, this administration made solemn declarations to the Nigerian public over its plans to expand the gas sector footprints by scaling-up the development and utilisation of Nigeria’s abundant natural gas resources.
“To help spur industrialisation, provide clean and efficient energy for transportation and household use while increasing our exports into the international market. It is against the backdrop of this commitment that the Year 2020 was dedicated and embodied as ‘Nigeria’s Year of Gas.’
“Since then, we have followed through with actions that have translated those plans into tangible projects with monumental value additions to the Nigerian Economy. We accomplished key gas infrastructure projects like the OB3 and ELPS 2 and flagged off the construction phase of the 614 km AKK Pipeline Project,” Buhari explained.
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