Chevron Identifies Nigeria’s Challenges in Becoming Africa’s Gas Giant

Chevron Identifies Nigeria’s Challenges in Becoming Africa’s Gas Giant

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Chevron’s Managing Director, Andrew Fawthrop supported by other chief executive officers of multinationals, made it known at the ongoing Nigeria Oil and Gas Conference and Exhibition in Abuja yesterday that Nigeria’s desire to become a gas power in Africa may not be achieved if security and other infrastructure are not strengthened.

It said Nigeria’s potential in oil and gas would remain a mirage if issues of inadequate funding, poor policy implementation and low capacity building in the petroleum industry were not addressed.

Fawthrop insisted that for the industry to be prosperous, infrastructure, security, capacity building of indigenous workforce, funding, discovery of new resources needed to be in place.

Other facilities required to ensure viability and realisation of desired status in gas production, according to him, are policy implementation and partnership among oil companies and the industry’s regulators. He particularly identified the existing situation where oil had been made priority at the detriment of gas as a big challenge to the nation’s gas projection and
aspiration.

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