The Federal Government on Tuesday night announced its readiness to use gas to fast track Nigeria’s industrialisation agenda.
Minister of State for Petroleum Resources, Chief Timipre Sylva, announced this at a dinner with the diplomatic community in Abuja, as he noted that gas was the only single energy source that could help Nigeria diversify the economy.
Nigeria has a proven gas reserve of 206 trillion cubic feet with a potential upside of up to 600TCF.
Sylva said, “Energy is the basic resource for national socio-economic development and it must be secured at all times.
“As a result of its rising impact on national security and economy, the need to safeguard energy and ensure availability, reliability and affordability has made energy diplomacy an essential part of every country’s foreign cooperation.
“It is important to stress that Nigeria’s vehicle of choice on the energy transition journey is natural gas. Much has been done towards…
