Nigeria declared A Decade of Gas on March 29, 2021. We like to think of that declaration in the following areas.
Gas For Power-The most important area is that gas must provide power and electricity for Nigeria. The Gas for homes-we are keen to seeing that Nigeria’s gas is used for cooking.
Gas for industries-The third thematic area is that gas must drive Nigeria’s industrialization.
Gas for Exports– This is very important from a foreign exchange perspective. Nigeria must play in the regional and international markets with respect to gas.
These four areas that are the end products of gas, require three sets of enablers.
The first one, we call it Infrastructure for gas. We must build the required pipelines that would ensure that gas can be utilized in country. We must also support virtual operators that can move gas without pipelines to where it is needed while we are building those pipelines.
The second enabler is Regulatory framework, pricing, and security, having to do with the infrastructure and the business climate that supports gas investment. All these must be in place for investors to be able to support us as we move on to the decade of gas initiative.
The third enabler is the human capacity- we must build for the gas sector; train . new professionals and retool all professionals who are able to do the switch from oil to gas as we sort of continue the transition.
So, what has happened since Nigeria declared a decade of gas on March 29, 2021?
About gas to power, there have been significant.