AIT LIVE
live icon
  • Headlines
  • Local
  • Politics
  • Covid-19
  • Business
  • Sports
  • Africa
  • World
No Result
View All Result
Africa Independent Television
No Result
View All Result
ADVERTISEMENT

Nigerian operators insist on domestication of gas resources

BY Mwuese Igonor

3 months ago
in Business
AIT NEWS 7 14
Share on FacebookShare on Twitter

Nigeria’s downstream gas operators have advised the Federal Government to domesticate the country’s gas resources as a catalyst to deepen its application and drive investments in the sector.

Criticising the fact that Nigeria has focused on its gas export market for many years, the operators agreed that the time was right to domesticate its benefits to build economic diversity and resilience.

President of Nigerian Gas Association, NGA, Audrey Joe-Ezigbo speaking during the session on “Downstream Gas Investments – From Assets to Markets” at the on-going Oil Trading and Logistics, OTL Africa Downstream Week, said the gas-based economies and markets had proven to be less susceptible to the twin shocks of oil price crash and the Covid-19 pandemic.

President of the Nigerian LPG Association, Nuhu Yakubu, in his address submitted that Nigeria must develop seamless import substitution strategies in a manner that will task all industry players as it concerns strategies to adopt for synergy between government and private sector, policies, programmes and regulations that should be reviewed to enable the important need for import substitution.

Also Read: 4 dead, several others injured in Lagos gas explosion

Also speaking, Chief Executive Officer of THLD Group, Oluwasegun Olajuwan, addressing the issue of Autogas as an enabler of downstream gas development, advocated for a separate price regime to incentivise investments in the sector.

Programme Manager, National LPG Expansion and Implementation Programme, Dayo Adesina confirmed that government was committed to deepening downstream gas application through targeted incentives such aa renewable five-year Presidential Duty waiver on gas accessories; tax holiday for investors; cylinder reinjection policy and establishing standards for kits and workshops.

National Vice President, Nigerian Association of LPG Marketers, NALPGAM, Oladapo Olatunbosun noted with optimism that gas had exited the years when it was seen as a liability to become a most sought after resource.

He reeled out opportunities for downstream gas investment among which include pipelines, dry terminals, LPG reticulation lines for estates, autogas, LPG kiosks and community delivery systems among others.

2020 has been declared as the year of Gas in Nigeria’s Oil and Gas industry by the Minister of State for Petroleum, Timipreye Sylva with gas touted as an alternative to Premium Motor Spirit, PMS, popularly known as petrol.

(Editor: Terverr Tyav)

Source: ait news
Tags: Audrey Joe-EzigboNGANigerian Gas AssociationOil Trading and LogisticsOTLPMSPremium Motor Spirit
ADVERTISEMENT

Related Posts

PMS
Local

Labour protest PMS framework committee chairmanship from private sector

1 month ago
AIT NEWS 44
Local

Petrol tanker explodes at Anthony in Lagos

4 months ago
PENGASSAN logo
Local

Only functional oil refineries can stabilise petrol pump price – Experts

7 months ago
AIT Images 16
Local

FG increases petrol pump price by N20.30k per litre

7 months ago
Subscribe
Login
Notify of
Please login to comment
0 Comments
Inline Feedbacks
View all comments
ADVERTISEMENT
ADVERTISEMENT

AIT LIVE DAILY TRENDS

  • Fulani

    Fulani herders in Igangan Ibarapa desert community

    0 shares
    Share 0 Tweet 0
  • BREAKING: SSANU and NASU members in all universities and inter-university centres to begin indefinite strike from February 5, 2021 after two weeks’ notice from today, Friday January 22.

    0 shares
    Share 0 Tweet 0
  • Bandits kill seven soldiers in Nasarawa State

    0 shares
    Share 0 Tweet 0
  • Biden reverses travel ban on Nigeria signs fifteen Executive orders

    0 shares
    Share 0 Tweet 0
  • Nasarawa State University considers expunging 2019/2020 academic session

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
ADVERTISEMENT

Newsletter

THE MOST IMPORTANT NEWS HEADLINE AND EVENT OF THE DAY

Subscribe to our mailing list to receive daily news update direct in your inbox!

News

  • #EndSars
  • Africa
  • Business
  • Covid-19
  • Crime
  • Education
  • Entertainment
  • Exclusive
  • Features
  • Headlines
  • Health
  • Local
  • Ondo 2020 election
  • Politics
  • Special Report
  • Sports
  • Tech
  • Tribunal
  • Video
  • World

About Us

AIT is a subsidiary of DAAR Communications Plc. DAAR Communications Plc is the foremost Independent Broadcast Organization in the Federal Republic of Nigeria pioneering private/independent broadcasting with the establishment of RayPower 100.5FM, AIT, Daarsat -The first fully Nigerian base digital multi-channel direct-to-home subscription TV and an indigenous station FAAJI FM

© 2021 AIT - Africa Independent Television

No Result
View All Result
  • Headlines
  • Local
  • Politics
  • Covid-19
  • Business
  • Sports
  • Africa
  • World

© 2021 AIT - Africa Independent Television

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.