Government, NNPC facilitate increased investment in gas supply ─NCDMB, GACN

*The Nigerian Content Development and Monitoring Board, Gas Aggregation Company of Nigeria and Infini Power Limited have signed a Gas Supply Collaboration Agreement to enhance power generation and supply in the country

Alexander Davis | ConsumerConnect

The Federal Government and the Nigerian National Petroleum Company (NNPC) Limited’s policy decisions have continued to provide the enabling environment for gas investment in either large or small as well as the commerciality of such opportunities to unlock financing in the downstream sector of the economy.

The Nigerian Content Development and Monitoring Board (NCDMB), Gas Aggregation Company of Nigeria (GACN) and Infini Power Limited (Infini) have signed a Gas Supply Collaboration Agreement to underpin power generation by Infini at NCDMB’s Industrial Parks.

The parks are located at Emeyal 1 in Ogbia Local Government Area, of Bayelsa and at Odukpani, in Cross River, agency report said.

It was gathered Mr. Simbi Wabote, Executive Secretary of NCDMB; Mr. Olalekan Ogunleye, Managing Director of GACN; and Mr. Mallison Ukatu of Infini Wednesday, December 1, 2021, signed the gas investment agreement in Yenagoa, Bayelsa State capital.

The deal sigining was said to have taken place on the sideline of the 10th Nigerian Content Forum, organised by NCDMB, in Yanagoa.

NNPC’s efforts at optimising opportunities in gas sector

Earlier in the panel discussion, Malam Abdulkabir Ahmed, Group Executive Director of NNPC, enumerated the company’s several measures to ensure optimisation and growth of opportunities in the gas sector in Nigeria.

Likewise, Mr. Ogunleye noted this is the ‘perfect time’ for the business community to invest in gas development given the priortisation of gas for economic growth by the Federal Government, former Ministry of Petroleum Resources, the NNPC and NCDMB.

The GCAN Managing Director said that the Government and NNPC have provided the enabling environment for gas investment whether large or small and the commerciality of such opportunities would unlock financing.

The panel discussants agreed that the gas sector is the hub of opportunities and encouraged serious investors and players to come into it.

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