A Review of the Nigerian Energy Industry

Nigeria in ‘aggressive programme’ to revitalise energy sector

24 May 2012, Sweetcrude, ABUJA – The Nigerian government has “aggressive” investment programmes in place to provide a major boost to the oil and natural gas sector, Petroleum Minister Diezani Alison-Madueke has said.

She told delegates at an investment conference in Abuja that several new natural gas pipelines were built or under development in the country.

“While we have again perceived a shortage in domestic gas supply, recently we are steadily delivering in the most robust and aggressive manner in terms of infrastructure and the supply programme for natural gas, a level that has actually never been seen in the country before,” the Voice of America (VOA) quotes the Minister as saying.

President Goodluck Jonathan, she added, has envisioned a “gas revolution” for Nigeria.

Jonathan managed to quiet nationwide protests by reinstating some of a gasoline subsidy he scrapped at the beginning of the year.

The energy minister is the target of criticism because of a government report that found funds were pilfered from public coffers through the energy industry, VOA adds.

“Despite everything else, we have in fact managed to do some work in terms of the ministry and its oil and gas exploration and production,” countered Madueke.

The International Energy Agency had said it expected declines in the Nigerian energy sector.

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