The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria requires $20 billion annually to achieve the desired gas expansion plan to bridge the country’s gas infrastructure.
Orji Ogbonnaya Orji, NEITI Executive Secretary, at a policy dialogue on Nigeria’s Decade of Gas Action plan on Monday in Abuja, said given the shrinking fossil fuel investment landscape, clarity was required for infrastructure to be prioritised.
The dialogue was organised by the African Initiative for Transparency, Accountability and Responsible Leadership (AFRITAL) in collaboration with the Natural Resource Governance Institute (NRGI).
The federal government in December 2020 rolled out the National Gas Expansion Programme (NGEP) to deepen the use of natural gas and make it a preferred form of cleaner, cheaper energy for both personal and industrial use.
In his remark, Mr Orji said Nigeria had the largest gas reserves in Africa and the ninth-largest globally with gas reserves of over 200…