NGA Promises $55bn Gas Investment

The President of
Nigeria Gas Association (NGA), Mr Bolaji Osunsanya, says the association is committed to bringing into the nation’s gas sector about $55billion investment.
The NGA boss stated this in Lagos at a press conference ahead of the association’s 2016 Gas Business Forum.
He said the association is positive of growth in the economy and the potentials for growth in key areas such as exploration, production, processing, supply and distribution.
He noted that it takes huge investment in infrastructure to turn natural gas into profit making ventures and that both the government and private operators recognized that the first step was to provide a legal and regulatory framework.
“We have scheduled a follow-up roundtable with the relevant committees of the two arms of the National Assembly.
According to him, the roundtable will provide the association with a platform to continue dialogue on how best to implement initiatives to stimulate growths, stable revenue generation and guaranteed long-term natural gas exploration.
He said while debate on hydraulic fracturing for shale gas continues to be spotlighted, discuss about gas in Africa’s energy mix, particularly in Nigeria also need to continue.
He assured that NGA would continue to probe the current state of the natural gas industry in the country while evaluating potentials for its future development.