“Nigeria’s Gas Sector Worth $55billion of Investment Opportunities” – Expert

Nigeria’s gas sector has over $55 billion worth of investment opportunities, indicating great potentials for extreme growth in the economy and in key areas such as exploration and production, processing, supply, and distribution.

The President of Nigeria Gas Association, NGA, Mr. Bolaji Osunsanya revealed this to newsmen in Lagos at the weekend, while speaking on the association’s 2016 Business Forum that will hold this week in Lagos

He said that turning natural gas into a profit-making venture would require huge investments in infrastructure to address the five component areas of gas availability, gas affordability, deliverability, funding, and legal and regulatory framework.

Osunsanya disclosed that at the beginning of 2016, the association held separate engagement sessions with the Senate and House Committees on Gas to present the association’s view on gas policy framework required to spur sector diversification, power generation, and subsequent economic growth.

He noted that the government and operators alike recognize that the first step is to provide a legal and regulatory framework that will enable the removal of persistent obstacles.

As a result, he said the association had scheduled a follow-up roundtable with the Senate and House Committees on Gas for later in the year.