Nigeria Government okays gas master plan to boost industrial growth Cu Moves to unveil a new gas master plan to drive Nigeria’s industrial growth is underway, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said. The minister, who disclosed this in Abuja yesterday while speaking at the fifth triennial national delegates’ conference of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), said that the Federal Executive Council (FEC) approved the masterplan after its meeting yesterday following his presentation. His words: “I am just coming back from the Federal Executive Council (FEC) meeting where I made a presentation on gas policy and the document was approved today. We need major changes in policy to make gas a hub of our economy. We must have a stream of earning between petroleum and gas in order to see an improvement in our economy or see the opportunities we are supposed to reap from the oil and gas sector. So, a...
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FG insists 10,000MW still achievable by 2019 The Federal Government, through the Minister of Power, Works and Housing, Mr Babatunde Fashola, has insisted that the Nigerian government’s target of providing 10,000MW of electricity by 2019 is still achievable. According to a statement by the power ministry, Mr Fashola added that the target could still be realised in spite of the current challenges facing the power sector. The minister added that all the measures put in place in the Power Sector Recovery Programme by the present administration were geared towards actualising government’s objective of achieving incremental, steady and uninterrupted power supply to Nigerians. While recalling that the amount of power available on the grid on May 29, 2015, the day President Muhammadu Buhari took office, was 2,690MW, the minister pointed out that on May 29, 2017, the power on the grid was 4,014MW. He explained further that on February 10, 2016, for the first tim...