The President of the Nigerian Gas Association (NGA), Mr.Bolaji Osunsanya has said that Nigeria can grow its economy through investment opportunities in its gas sector which currently stands at $55billion, Daily Trust reports.
Osunsanya, who said this ahead of NGA’s upcoming business luncheon, expressed optimism for growth in key areas of the gas sector such as exploration and production, processing, supply and distribution. He said turning natural gas into a profit-making venture required huge investments in infrastructure that address the five component areas of gas availability, affordability, deliverability, funding, legal and regulatory framework.
He also said the Nigerian economy would benefit from gas developments through increased energy security and increased availability of natural gas which would enable the country to maintain its drive in the gas-to-liquids and gas-to-power sectors.
