31 August 2016, Sweetcrude, Abuja – The Nigeria LNG Limited, NLNG, is awaiting directives from the Vice President’s office to commence investment in the downstream sector of the Nigeria’s petroleum industry, the company has said.
General Manager, External Relations, Mr. Kudo Eresia-Eke, told our correspondent in Lagos that the company’s investment initiative can only be realised with support from the Vice President’s office.
He explained that there was an initiative coming through the office, which aims to address bottle-necks in the downstream sub-sector with particular reference to Liquefied Petroleum Gas, LPG, also known as cooking gas.
The LPG business in Nigeria is currently bedevilled by infrastructure challenges, forcing off-takers to increase price of the product at will.
Eresia-Eke explained that the new initiative through the office of the vice president would likely articulate the interest of all players in the LPG sector while NLNG will support the process.
He urged Vice President Yemi Osinbajo to take the lead and bring everybody to the table while NLNG continues to support it.
“We are optimist that he is going to roll out a plan and that plan will serve the interest of a number of stakeholders within that area,” Mr. Eresia-Eke said.