‘They’ll boost industrial growth’: Tinubu inaugurates 3 gas projects

President Bola Tinubu has inaugurated three gas infrastructure projects, including the expanded AHL Gas Processing Plant, the ANOH Gas Processing Plant, and the 23.3km ANOH to Obiafu-Obrikom-Oben (OB3) Custody Transfer Metering Station Gas Pipeline.

Speaking during the virtual inauguration of the projects at the Presidential Villa in Abuja on Wednesday, May 15, 2024, Tinubu reassured investors in the energy sector of his administration’s resolve to further enhance the business environment and ensure investment convenience.

The president also assured citizens that his administration is stepping up its coordination of other landmark projects and initiatives that will ensure the earliest realisation of gas-fueled prosperity in the country.

He noted that the projects are fully in line with the Decade of Gas Initiative and his government’s vision to grow value from the nation’s abundant gas assets while concurrently eliminating gas flaring and accelerating industrialisation.

Tinubu said: “This event is highly significant to our country as it demonstrates the administration’s concerted efforts to accelerate the development of critical gas infrastructure geared at significantly enhancing the supply of energy to boost industrial growth and create employment opportunities.

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“It is pleasing that when these projects become fully operational, approximately 500MMscf of gas in aggregate will be supplied to the domestic market from these two gas processing plants, which represents over 25 per cent incremental growth in gas supply.

“In practical terms, this is more gas to the power sector, gas-based industries, and other critical segments of the economy.

“I, therefore, commend the strategic vision of the NNPC Limited and its partners, Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) and Seplat Energy Plc, for this laudable and value-adding project.”

The president, according to a statement issued by his spokesman, Ajuri Ngelale, said his government remains determined in its bid to leverage the nation’s vast gas capacity to drive economic growth.

President Tinubu also reiterated his government’s resolve to continue to provide support in deepening domestic gas utilisation, increase national power generation capacity, revitalise industries, and create multiple job opportunities for economic growth.

The Star