Nigeria’s gross gas production has risen to 7.63 billion standard cubic feet per day from about 6.83 billion standard cubic feet per day in 2023, the presidency has said.
The federal government has revealed that the national metering rate has risen to about 57 per cent, with hundreds of thousands of new meters deployed.
The federal government disclosed that local petrol production has increased from effectively zero in 2023 to about 48 million litres per day.
The project is estimated to attract about $20 billion in foreign direct investment and position Nigeria for a new era of deepwater production.
Mr Edun underscored the federal government’s commitment to “transparency, fiscal responsibility, and disciplined financial management.”
Mr Tinubu said the power sector remained at the heart of national progress.
Mr Adesina noted that the debt reduction plan signalled a strategic reset of Nigeria’s electricity market.
The federal government has reiterated its commitment to attracting more investments into Nigeria’s oil and gas sector to drive industrialisation and economic growth.
Ms Verheijen noted that the project, along with others such as the Ubeta, aimed to enhance Nigeria’s domestic gas supply.
President Bola Tinubu wished public health icon and administrator Ifejola Arowolo a happy 80th birthday on Friday.
