HomeBreaking News#Fuel Subsidy: Tinubu vows to leverage gas to restructure Nigeria’s economy

#Fuel Subsidy: Tinubu vows to leverage gas to restructure Nigeria’s economy

President Bola Ahmed Tinubu has reiterated his administration’s commitment to leveraging the domestic use, processing and export of Nigeria’s gas resources.

According to him, it is the resource that will catalyse the fundamental restructuring of the nation’s economy for expansive growth during his tenure.

Tinubu said this on Friday in Abuja when he received the board and management of the Nigeria Liquefied Natural Gas (NLNG) Limited at the State House.

The NLNG delegation was led by its chairman, King Edmund Daukuru of Nembe Kingdom and the NLNG managing director, Philip Mshelbila.

Tinubu said his administration would remove all challenges to Nigeria’s industrious citizens’ entrepreneurial progress and development.

He said this would engender best business practices in the oil and gas sector and 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.

Tinubu stressed the position of natural gas as Nigeria’s gateway to sustainable development and prosperity, pledging to build a partnership with investors for job opportunities and skill development for youths.

“It is all about growing the pie so that Nigerians will benefit,” the president said, adding, “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.”

The president appreciated the difficulties faced by the NLNG, particularly on security, affirming that stakeholders, including the host communities and security agencies, would play more central roles in their resolution.

In his remarks, the board chairman said the frustrations faced by non-government stakeholders in operations were being collectively shared with the government.

He said that the communities would continue to play a role in alleviating the situation.




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