Gas Pricing, Inadequate Infrastructure Deter Industrialization in Nigeria
Ideally, homes in Nigeria, industries and vehicles could be running on natural gas, and industrialisation could have been well underway. Agriculture would be booming and job creation would happen in millions. This is possible because Nigeria is more of a gas than an oil territory.
Gas has the potential to catalyse Nigeria’s industrial growth and development in addition to its role as a key revenue earner to government. However, despite having the highest gas reserves in Africa, only about 25 percent of those reserves is produced or under-developed.
Nigeria’s domestic gas sector is struggling to capitalise fully on the potential of its sizeable gas reserves even though some big-ticket projects are...for further reading, click on https://businessday.ng/energy/oilandgas/article/gas-pricing-inadequate-infrastructure-deter-industrialization-in-nigeria/
Source: BusinessDay Newspaper 22 Sept, 2020.