Tinubu commits to large-scale exportation of gas resources

In order to accelerate the fundamental reorganization of the country’s economy for robust growth during his administration, President Bola Ahmed Tinubu has vowed that his administration will make no compromises in using the domestic utilisation, processing, and international export of Nigeria’s abundant gas resources as a transition fuel.

President Tinubu stated in a meeting with the Board and Management of the Nigeria Liquefied Natural Gas Limited on Friday in Abuja that all obstacles to the entrepreneurial growth and development of Nigeria’s hardworking citizens, as well as any additional barriers to business practise in the Oil & Gas sector, specifically, will be swiftly removed to increase the opportunities for Nigerian businesses and foreign partners to thrive on the nascent oil and gas industry.

“It is now a collaborative effort in thinking and doing. We will work with all partners to redefine the future of our economy,” the President told the NLNG delegation, which was led by NLNG Board Chairman, His Royal Majesty, King Edmund Daukuru of Nembe Kingdom and the NLNG Managing Director, Dr. Philip Mshelbila.

With a commitment to forming a partnership with investors that will ensure job opportunities and skill development for Nigerian youths in the overriding best interest of the oil and gas producing environments, President Tinubu reaffirmed the position of natural gas as Nigeria’s gateway to sustainable development and prosperity.

“It is all about growing the pie so that Nigerians will benefit,” the President said, adding that “skill development will help the many restive youths who need to be carried along and employed. Their lives need to be more predictable and prosperous.”

President Tinubu acknowledged the challenges the NLNG faced, particularly in the area of security, and stated that all parties involved, including the host communities and security agencies, will play more significant roles in resolving contentious points of contention for more peaceful and profitable operations that can be sustained.

In his remarks, the Chairman of the Board informed the President that the Government shared the frustrations experienced by non-government stakeholders in operations and that communities should take a more active role in resolving the situation. He also stressed the need for proper handling of trust issues between investors and host communities with an emphasis on inclusivity throughout the entire process.