The Federal Government has announced plans to inject an additional N400 billion into gas infrastructure projects within the next two weeks.
This was disclosed by the Minister of Petroleum Resources (Gas), Hon. Ekperikpe Ekpo, during the groundbreaking ceremony of a 10MMSGF/F CNG Mother Station in Esit Eket, Akwa Ibom State.
The new funding follows last year's N122 billion gas infrastructure investment as part of Nigeria's commitment to cleaner energy.
Ekpo urged Akwa Ibom entrepreneurs to seize the opportunity, emphasizing that only bankable projects will receive approval through a Transaction Adviser.
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"This is the time for Nigerians and Akwa Ibom people to take charge of our natural resources," he stated, calling for local support to ensure the success of the project.
Chairman of Nsik Oil and Gas, Mr. Nsikan Johnny, hailed the project as a milestone in delivering clean, safe, and affordable energy while driving economic growth.
Consultant Mkposong Asuquo highlighted its role in job creation and technological advancement within Nigeria's gas sector.
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