Jan 15, 2016 (Daily Trust/All Africa Global Media via COMTEX) --

The only sure way to get Nigeria back on track economically is to direct attention to the production of natural gas.

This was the submission of Gen. Martin Luther Agwai (Rtd) while speaking on Thursday at the 13th Daily Trust Dialogue in Abuja.

He posited: "We have huge quantity of natural gas -about 187Trillion Cubit Feet of proved reserve. Natural gas is the feedstock for ammonia and ammonia is the major raw material for fertilizer.

"That means we should consider building more fertilizer plants to boost our agric sector. With our current abundant cocoa, we can be a major producer and exporter of high quality chocolate; with our abundant cassava, we can be a major producer and exporter of starch and glycol; with our abundant fruits like mangoes, oranges, pineapples, we can be a major producer and exporter of fruit juices. The list is just endless."

He stressed that the same natural gas is what "our GENCOS (generating companies) require to generate electricity because most of the electricity power plants across the country are gas driven.

"With enough gas supplies and implementation of the Nigerian Gas Master Plan (NGMP), enough electricity can be generated and the distribution companies (DISCO) will have enough to distribute subject to appropriate pricing mechanism and necessary government fiscal regimes and support.

"Once Nigeria moves away from epileptic power supply, nearly all the economic and productive sectors would be boosted back to life."

by Joshua Odeyemi

Copyright Daily Trust. Distributed by AllAfrica Global Media (allAfrica.com).

We should have multiple streams of income really

Other Means of Revenue needs to be developed

Ok sir,we will inform Mr.President immediately

My state Anambra is sitting on one of the largest Gas deposits in the country. If Nigeria thinks that we Igbos are going to let Nigeria do to our Gas wealth what it did to the Oil wealth of the Niger-Delta people, you people have another thinking coming!

Nigeria should be using its oil and gas to invest in a solar infra structure, get away from the arab / western trap of the oil economy. decentralized solar with gas or oil back up is the way to go. trust me if you get in bed with the arabs and western oil people you will be raped !!!! when the rest of the world is in turmoil because the price goes up or supply becomes short you will be sitting
pretty AND you will make an example for the rest of Africa!! just a suggestion from African American with Nigerian genetics!!!