According to Shialsuk, there are basically two objectives that the government wants to achieve which are – to make Nigeria both a leading producer and consumer of gas. Nigeria has over 206 trillion cubic feet of gas and another 600Tcf in probable reserves which indicates that Nigeria is a major gas country.
“However, we have on our hands a major issue in the sense that one of the policy thrusts of the government is suffering a setback. If you look at the objectives, the government has talked about introducing natural gas vehicles but this for me is a medium to long-term objective because Nigeria still lacks the needed infrastructure,” Shialsuk said.Half of the country is not currently connected to the gas grid.
“There are not enough cylinders in the market. Part of the programme the government plans to roll out under the gas expansion programme was to address the issue of cylinders and I believe that this is where the government should have focused attention. But the re-introduction of taxes on importers basically makes them stop importing LPG as taxes on LPG equipment meant that no one will import LPG equipment to roll out retail outlets in the country.
Even when they sell to the power sector, they don’t get their money back. Again, there are a lot of issues in terms of what the government needs to do to draw investment to the gas sector, to bring the gas out, and even to drive the local market.
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