President Muhammadu Buhari has revealed that one of the objectives of his administration is to transform Nigeria into an industralised nation with the help of the gas sector. He said that his administration would fully utilise the enormous gas resources in the country to uplift the economy and drive industralisation.
The President stated this on Monday at the virtual launch of “The Decade of Gas in Nigeria” in Abuja. ‘‘Before the declaration of the Year 2020 as The Year of Gas, this Administration had shown commitment to the development of Nigeria’s vast gas resources and strengthening of the gas value chain by reviewing and gazetting policies and regulations to enhance operations in the sector as encapsulated in the National Gas Policy of 2017.
‘‘Our major objective for the gas sector is to transform Nigeria into an industrialized nation with gas playing a major role and we demonstrated this through enhanced accelerated gas revolution,’’ he said.
Setting the tone for the development of the industry in the next ten years, President Buhari said given the country’s potential of about 600 trillion cubic feet of gas, the commodity has the enormous potential to diversify Nigeria’s economy.