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FG committed to diversifying gas sector to boost economy

Last updated: March 24, 2022 2:28 pm
4 years ago
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1 Min Read
FG
FG

The Federal government is committed to diversifying the gas sector to boost among others, the economy, revenue generation and youth employment.

This was expressed at a sensitization forum for stakeholders holding in Owerri, the Imo State capital.

Also Read: FG approves license to import aviation fuel for airline owners

Gas is one of the dominant natural resources in Nigeria, with a proven gas reserve of 206.53 trillion standard cubic feet according to the Nigerian Upstream Petroleum Regulatory Commission.

In this stakeholders sensitization program, the Federal Government is reiterating the need to invest in the gas sector as a means of diversifying the economy.

For the Imo State government, an enabling environment has since been created for investors in the gas sector.

The gas monitoring committee of the Revenue Mobilisation Allocation and Fiscal Commission noted that Nigeria will use its abundant gas resources to power its fast-growing economy as well as grow export business.

Essentially, the forum is a vehicle for awareness creation for the benefit of Operators of small and medium enterprises and other business owners.

Editor: Ena Agbanoma

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