The Nigerian Minister of State for Petroleum (Gas) Hon. Ekperikpe Ekpo has reiterated the present government of President Ahmed Bola Tinubu’s unwavering commitment to harnessing and utilization of the nation’s abundant natural gas reserves through indigenous companies’ direct investment participation.
Disclosing this great feat achievement in the sector, the Hon Ekperikpe stated that a significant forward step in Nigeria’s gas revolution pursuit has been achieved by the present administration through the approval of N122 billion for six indigenous companies through the Midstream and Downstream Gas Infrastructure Fund (MDGIF).
“I am pleased to announce the Federal Government’s approval of N122 billion for six indigenous companies through the Midstream and Downstream Gas Infrastructure Fund (MDGIF).
“This groundbreaking investment demonstrates our unwavering commitment to energy security, economic growth, and the development of Nigeria’s gas infrastructure,” Hon Ekperikpe stated.
According to the Honourable Minister, the six companies that benefited from the Federal Government’s laudable gesture include Asiko Energy Holdings Limited, FEMADEC Energy Limited, Ibile Oil and Gas Corporation, Nsik Oil and Gas Limited, Rolling Energy Limited, and Topline Limited.
He further revealed that the above-qualified companies were selected based on their outstanding track record and dedication to Nigeria’s gas sector. He stresses that this public-private partnership will variably transform the nation’s gas industry by paving the way for greater industrial growth and prosperity.
“We are immensely grateful to President Bola Tinubu for his leadership in driving these initiatives, and I urge all beneficiaries to continue their hard work in delivering critical projects that will shape the future of our gas industry,” He posited.
