By Peter Uzoho
The federal government through the Ministry of Petroleum Resources and the Nigeria Liquefied Natural Gas (NLNG) Limited are collaborating to produce the blueprint for the actualisation of Nigeria’s industrialisation and transformation through the ‘Decade of Gas Initiative.’
On the back of that, the NLNG is sponsoring the 2021 Nigeria International Petroleum Summit’s (NIPS) pre-conference, holding in Abuja on March 29, where President Muhammadu Buhari will lead top oil and gas stakeholders in attendance to brainstorm and flag off the ‘Decade of Gas’ project.
The pre-NIPS conference, with the theme: “Towards a Gas-powered Economy by 2030,” is in furtherance of the federal government’s declaration of January 1, 2021 to December 31, 2030 as ‘The Decade of Gas Development for Nigeria’.
TODAY
February 26, 2021
The federal government plans to hire an asset manager for its new Infrastructure Development Company (Infraco), designed to raise as much as N15 trillion ($36.7 billion) for infrastructural projects and to accelerate growth.
President Muhammadu Buhari about a fortnight ago, had approved the establishment of the Infraco, a Public-Private Partnership-styled infrastructure company with an initial seed capital of N1 trillion, to tackle Nigeria’s growing infrastructure deficit.
A report yesterday by Bloomberg quoted a source as saying that the Central Bank of Nigeria (CBN) and its funding partners, the Africa Finance Corporation (AFC) and Nigeria Sovereign Investment Authority (NSIA), are seeking proposals from companies to independently manage the infrastructure company’s capital-raising plan.
Vanguard News
IPMAN advises FG on petrol subsidy savings
On
Independent Petroleum Marketers Association of Nigeria
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Friday said the revenue gained from the removal of petrol subsidy should be used for free conversion of vehicles to gas and distribution of gas cylinders to Nigerians.
Mr Mike Osatuyi, National Operations Controller, IPMAN gave the advice in an interview with Newsmenin Lagos.
He said with over 200TCF proven reserves of natural gas, Nigerians would be insulated from the rising cost of crude oil at the international market if more focus was placed on domestic gas utilisation.
•PwC, KPMG, others apply to be transaction advisers
Peter Uzoho with agency report
The federal government plans to hire an asset manager for its new Infrastructure Development Company (Infraco), designed to raise as much as N15 trillion ($36.7 billion) for infrastructural projects and to accelerate growth.
President Muhammadu Buhari about a fortnight ago, had approved the establishment of the Infraco, a Public-Private Partnership-styled infrastructure company with an initial seed capital of N1 trillion, to tackle Nigeria’s growing infrastructure deficit.
A report yesterday by Bloomberg quoted a source as saying that the Central Bank of Nigeria (CBN) and its funding partners, the Africa Finance Corporation (AFC) and Nigeria Sovereign Investment Authority (NSIA), are seeking proposals from companies to independently manage the infrastructure company’s capital-raising plan.
NPA: We ll partner NLNG to increase natural gas production capacity by 36% thecable.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecable.ng Daily Mail and Mail on Sunday newspapers.