Nigerian govt calls for investment in gas blocks in Niger Delta, Dahomey, others - TrendyNewsReporters Nigerian govt calls for investment in gas blocks in Niger Delta, Dahomey, others - TrendyNewsReporters
News

Nigerian govt calls for investment in gas blocks in Niger Delta, Dahomey, others

by ebor cletus ralph jr

In accordance with its National Gas Expansion Program, the Federal Government has made gas blocks in the Niger Delta, Anambra, and Sokoto among others available for investment.

213 gas blocks in Nigeria, including 6 in Dahomey, 12 in Anambra, 17 in Bida, 28 in Sokoto, 40 in Chad, 41 in the Benue Trough, and 69 in the Niger Delta, are up for investment.
A report titled “Nigeria’s Cretaceous Basins: The Potentials for Gas” stated this. According to Punch, 60 gas basins are already covered by oil prospecting licences.

Two are in the Benue Trough, three are in Dahomey, five are in Anambra, six are in Chad, and 44 are in the Niger Delta of the 60 gas basins mentioned under the Oil Prospecting Licences.

Also, under the Oil Mining Licenses, there are 115 gas wells already allocated, one in Dahomey, two in Anambra and 112 in the Niger Delta.

The National Gas Expansion Programme is Nigeria’s net zero plan for the period of 2020 and 2030, which President Muhammadu Buhari declared as decade of gas for the country, transitioning from fuel.

To meet the net zero agenda, FG had stated that N834 trillion would be needed, but the immediate past Director-General of the Lagos Chamber of Commerce and Industry, Muda Yusuf, said, “That is a tall one.”

Yusuf further stated, “Where will the money come from? That target is ambitious and aspirational but again, because we are looking at a long term thing; we must not totally dismiss it.

prelliotaglobalconcept

TV Presenter/ Content Writer

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
--Advertisements--
--Advertisements--

Get premium latest news For Free

X