The Nigerian Government is considering the establishment of a separate Gas Ministry. This is in
its quest to address climate change and promote sustainable energy while prioritizing gas
investments.
However, oil companies are urging the Federal Government to enhance fiscal terms for gas
projects, particularly those not associated with traditional oil drilling. This move comes as a
response to the evolving energy landscape and the need to attract investments in climate-friendly initiatives.
Elohor Aiboni, the Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), critically analyzed the matters. She said that there is a critical need for the
government to implement better fiscal terms for recent gas projects.
According to Elohor, creating an attractive investment climate for both onshore and offshore gas projects is paramount to attracting capital and fostering sustainable growth in Nigeria’s oil and gas industry.
Any delays in granting approvals and making decisions might hinder investment plans centered on climate resilience. In a highly competitive global energy landscape, Nigeria must act swiftly on reforms to maintain its appeal as an attractive destination for sustainable energy investments.
Nigeria’s potential Gas Ministry signifies a vital moment for prioritizing sustainable energy. Enhanced fiscal terms can attract climate-friendly investments, positioning the country as a
resilient leader. A greener, more sustainable energy future is within reach. Swift action is
essential to maintain Nigeria’s competitiveness in the global energy landscape.
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