The Minister of State Petroleum Resources (Gas) clarified that government policies do not discourage private sector investment in gas infrastructure, as claimed by the Vice President of Dangote Industries. The decision to abandon the project of building a 1,200km subsea gas pipeline was solely a business decision of the Dangote Group and not influenced by the current administration’s policies.
The minister emphasized that the government is committed to creating an environment that attracts investors to fund gas sector projects. Various policies and laws have been put in place to encourage private sector investment in domestic gas development, including the establishment of the Midstream and Downstream Gas Infrastructure Fund under the Petroleum Industry Act.
There are significant incentives for private entities to invest in the Gas Midstream and Downstream sectors, with several projects already commissioned. The government supports local investors and encourages private investment in gas infrastructure development to contribute to national economic growth and development.