President Bola Tinubu met with the board and management of Nigeria Liquefied Natural Gas (NLNG) Limited on Friday to discuss the country’s gas transition plan.
Edmund Daukuru, NLNG board chairman and monarch of Nembe Kingdom, and Philip Mshelbila, the company’s managing director, headed the trip.
Speaking at the gathering, Tinubu pledged his administration’s commitment to leveraging Nigeria’s huge gas resources for internal utilization, processing, and international export as a transition fuel.
Tinubu said there were limitations to the entrepreneurial progress and development of Nigeria’s industrious citizens.
He assured that further impediments, especially in the oil and gas sector, will be swiftly removed to create more opportunities for local companies and international partners.
“It is now a collaborative effort in thinking and doing. We will work with all partners to redefine the future of our economy,” Tinubu said in a statement by Ajuri Ngelale, his special adviser on media and publicity.
“It is all about growing the pie so that Nigerians will benefit. Skill development will help the many restive youths who need to be carried along and employed.
“Their lives need to be more predictable and prosperous.”
In his remarks, Daukuru said non-government stakeholders’ frustrations faced during operations were being collectively shared with the government.
He also said communities play a greater role in ameliorating the situation, adding that issues of trust between investors and host communities must be properly handled with an emphasis on end-to-end process inclusivity.
On his part, Mshelbila applauded the president for setting the tone early and aggressively with bold and correct, long-term reforms which ‘would transform the Nigerian economy within a short period of time’.
Earlier today, Tinubu approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI) to improve the processing and utilization of gas-enabled vehicles in Nigeria.
