NLNG awaits VP’s directives on downstream investment

*Vice President Yemi Osinbajo of Nigeria.

*Vice President Yemi Osinbajo

Oscarline Onwuemenyi
30 August 2016, Sweetcrude, Abuja – The Nigeria Liquefied Natural Gas (NLNG) said it was awaiting directives from the office of the Vice President, Prof. Yemi Osinbajo, to commence investment in the downstream sector of Nigeria’s petroleum industry.

NLNG’s General Manager, External Relations, Mr. Kudo Eresia-Eke, disclosed this to journalists recently saying that the company’s investment initiative could only be realised with support from the office of the vice president.

He explained that there was an initiative coming through the office of the vice president which hopefully would address the current bottlenecks in the downstream, particularly liquefied petroleum gas (LPG) also known as cooking gas.

“We would like the lead to be taken through the vice president’s office. Obviously, he has the influence to bring everybody to the table while we continue to support it.

“We are optimistic that he is going to roll out a plan and that plan will serve the interest of a number of stakeholders within that area,” Eresia-Eke said.

The LPG sub-sector of Nigeria’s petroleum industry currently has infrastructure challenges forcing off-takers to increase the price of the product at will.

Eresia-Eke said it was expected that the new initiative coming through the office of the vice president would articulate the interest of all players in the LPG sub-sector while the NLNG would support the process.

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