FG eyes 10 billion SCF gas production by 2030
The minister of finance and coordinating minister of the economy, Wale Edun, has reaffirmed the country’s commitment to producing ten billion Standard Cubic Feet (SCF) gas per day by 2030.
This is contained in a statement by the director, information and public relations in the ministry of finance, Mohammed Manga, in Abuja on Thursday.
Mr Edun, while receiving the management of Nigeria Liquidifer Natural Gas Limited (NLNG), discussed critical issues aimed at shaping the future of Nigeria’s gas industry, including production targets, investment climate, and ongoing reforms.
He said the country had made progress toward a more competitive and investor-friendly environment, adding that President Bola Tinubu had stabilised the economy and created new opportunities for both manufacturing and energy.
“As we implement comprehensive tax reforms, your input will be vital in shaping a more attractive business landscape,” Mr Edun said.
Earlier, Philip Mshelbila, NLNG CEO, updated the minister on operations at the NLNG, which include a stronger gas supply, improved security on the Trans-Niger pipeline, and capacity utilisation rising above 70 per cent on infrastructure.
He also reported advances on the Bodo-Bonny Road while calling for an extension to the East-West highway under the tax credit scheme.
“As Nigeria continues to push the boundaries of its energy potential, this meeting marks a critical milestone in the country’s journey towards achieving its gas production targets by 2030.
“With renewed focus and determination, the country is poised to unlock its vast energy resources and drive economic growth in line with the Renewed Hope Agenda of the President Bola Tinubu-led Administration,” Mr Mshelbila said.
(NAN)
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