Photo credit: project worth cost $3bn Photo source: Reuters
After a delay of 15 years, the natural gas project has finally begun. Almost 3bn dollar project with a capacity to deliver 200 million cubic feet of natural gas is designed to feed electricity-generating power stations and reactivate dormant industries in Nigeria. It will be sold to customers in North Africa and Europe.
The head of the National Petroleum Department (NPD) says that the project will increase the domestic consumption and export of gas, an indication that Nigeria is increasingly shifting its focus to natural gas after more than 60 years of dependence on oil. It will create opportunities for employment also. It will also help in the development of the local economy.
Data source: NPD Report
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