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President Bola Tinubu has pledged his administration’s commitment to leveraging on domestic utilization, processing and export of Nigeria’s gas resources.
This is to catalyze the fundamental restructuring of the nation’s economy for expansive growth during his tenure.
He stated this in a meeting on Friday with the Board and Management of the Nigeria Liquefied Natural Gas (NLNG) Limited at the State House, Abuja.
President Tinubu affirmed that all encumbrances to the entrepreneurial progress and development of Nigeria’s industrious citizens as well as in the Oil & Gas sector, will be swiftly removed to create more opportunities for Nigerian companies and international partners to thrive.
“It is now a collaborative effort in thinking and doing. We will work with all partners to redefine the future of our economy,” the President told the NLNG delegation, which was led by NLNG Board Chairman, His Royal Majesty, King Edmund Daukuru of Nembe Kingdom and the NLNG Managing Director, Dr. Philip Mshelbila.
Gateway
President Tinubu affirmed the position of natural gas as Nigeria’s gateway to sustainable development and prosperity, pledging to build a partnership with investors that will guarantee job opportunities and skill development for Nigerian youths in the overriding best interest of the oil and gas producing environments.
“It is all about growing the pie so that Nigerians will benefit,” the President said, adding that “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.”
President Tinubu appreciated the difficulties faced by the NLNG, particularly on security, affirming that stakeholders, including the host communities and security agencies, will play more central roles in the resolution of troublesome points of contention for more peaceful and profitable operations on a sustainable basis.
In his remarks, the Chairman of the Board told the President that the frustrations faced by non-government stakeholders in operations were being collectively shared with the Government.
He said the communities should play a greater role in ameliorating the situation, noting that issues of trust between investors and host communities must be properly handled with an emphasis on end-to-end process inclusivity.
Dr. Mshelbila and the delegation congratulated the President for winning the 2023 Presidential elections, and setting the tone early and aggressively with bold and correct, long-term reforms which will transform the Nigerian economy within a short period of time.