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Nigerian Government Urges for gas blocks Investments in Niger Delta and Several Other Locations

Nigerian Government Urges for gas blocks Investments in Niger Delta and Several Other Locations

After only recently opening up gas blocks in Niger Delta, Anambra and Sokoto, amongst other locations for investment, in line with its National Gas Expansion Programme, the Nigerian government is looking for investment for the 213 gas blocks; six of which were in Dahomey, 12 in Anambra State, 17 in Bida, 28 in Sokoto State, 40 in Chad, 41 in Benue Trough, and 69 gas blocks in the Niger Delta.

This was made known to the public through a document titled “Nigeria’s Cretaceous Basins: The Potentials for Gas”.

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

To meet the net zero agenda, the Federal Government had disclosed that at least N834 trillion would be needed. However, the immediate past Director-General of the Lagos Chamber of Commerce and Industry, Muda Yusuf, had said that it was an ambitious idea. In his words: “That is a tall one.”

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Yusuf had then 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.”

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