{"id":39988,"date":"2021-03-29T16:50:10","date_gmt":"2021-03-29T16:50:10","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/?p=39988"},"modified":"2021-03-29T16:27:23","modified_gmt":"2021-03-29T16:27:23","slug":"nigerian-govt-sets-plans-in-motion-to-profit-from-gas-resources","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-sets-plans-in-motion-to-profit-from-gas-resources","title":{"rendered":"Nigerian govt sets plans in motion to profit from gas resources"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a>. <\/strong><\/span>President Muhammadu Buhari says his administration will fully utilize the country\u2019s enormous gas resources to uplift the economy and drive industrialization.<\/p>\n<p>The president stated this on Monday in Abuja at the virtual Nigeria International Petroleum Summit (NIPS) 2021 Pre-summit Conference and the official launch of the Decade of Gas.<\/p>\n<p>While setting the tone for the development of the industry in the next ten years, Buhari said, given the country\u2019s potentials of about 600 trillion cubic feet of gas, the commodity has the enormous potential to diversify Nigeria\u2019s economy.<\/p>\n<p>\u201cThe rising global demand for cleaner energy sources has offered Nigeria an opportunity to exploit gas resources for the good of the country.<\/p>\n<p>\u201cWe intend to seize this opportunity,\u201d he said.<\/p>\n<p>Buhari told participants at the pre-summit event that while his administration has prioritized gas development and recorded remarkable progress, it was still a well-known fact that the country had focused on oil over the years, despite being known as a gas nation with little oil.<\/p>\n<p>He said: \u201cThat\u2019s the paradox that this Administration decided to confront when we declared the year 2020 as \u201cThe Year of Gas\u201d in Nigeria.<\/p>\n<p>\u201cIt was a bold statement to demonstrate the resolve of this Administration that gas development and utilization should be a national priority to stimulate economic growth, further improve Nigeria\u2019s energy mix, drive investments, and provide the much-needed jobs for our citizens in the country.<\/p>\n<p>\u201cBefore the declaration of the year 2020 as the year of Gas, this Administration had shown commitment to the development of Nigeria\u2019s 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.<\/p>\n<p>\u201cOur 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.\u201d<\/p>\n<p>While enumerating what his administration has done to energize the sector, the president said the development of gas infrastructure had commenced along with the domestic utilization of LPG and CNG.<\/p>\n<p>He added that the process of commercializing gas flares, development of industrial and transport gas markets and increasing Gas to power had also commenced.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. President Muhammadu Buhari says his administration will fully utilize the country\u2019s enormous gas resources to uplift the economy and drive industrialization. The president stated this on Monday in Abuja at the virtual Nigeria International Petroleum Summit (NIPS) 2021 Pre-summit Conference and the official launch of the Decade of Gas. While setting the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":39987,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,29,28,14,26],"tags":[1570,2140,456,254],"class_list":["post-39988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-gas","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigerian govt sets plans in motion to profit from gas resources - Nigeria<\/title>\n<meta name=\"description\" content=\"President Muhammadu Buhari says his administration will fully utilize the country\u2019s enormous gas resources to uplift the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-sets-plans-in-motion-to-profit-from-gas-resources\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigerian govt sets plans in motion to profit from gas resources\" \/>\n<meta property=\"og:description\" content=\"President Muhammadu Buhari says his administration will fully utilize the country\u2019s enormous gas resources to uplift the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-sets-plans-in-motion-to-profit-from-gas-resources\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-29T16:50:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/03\/img-6061ffc97123b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-sets-plans-in-motion-to-profit-from-gas-resources#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-sets-plans-in-motion-to-profit-from-gas-resources\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigerian govt sets plans in motion to profit from gas resources\",\"datePublished\":\"2021-03-29T16:50:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-sets-plans-in-motion-to-profit-from-gas-resources\"},\"wordCount\":385,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-sets-plans-in-motion-to-profit-from-gas-resources#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2021\/03\/img-6061ffc97123b.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"gas\",\"Nigeria\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"Policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-sets-plans-in-motion-to-profit-from-gas-resources#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-sets-plans-in-motion-to-profit-from-gas-resources\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/nigerian-govt-sets-plans-in-motion-to-profit-from-gas-resources\",\"name\":\"Nigerian govt sets plans in motion to profit from gas resources - 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