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The Oil And Gas Masterplan - Politics - Nairaland

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The Oil And Gas Masterplan by thetruthfinderr: 10:16pm On Jul 06, 2022
There was a time in Nigeria when the government implemented working policies that helped to boost both domestic and international markets to gain maximum revenue. Under The Government of President Goodluck Jonathan sought to become a major international player in the global gas market; boost domestic markets and realize maximum revenue with the Gas Master Plan.

The Gas Masterplan ensured that Nigeria moved forward from gas to power and from gas to industry. It also made sure that the economy got good value from gas exports. It is an initiative that aims to accelerate the provision of adequate gas supply for power generation throughout the country.

One of the objectives of the Gas Masterplan is to ensure the sustainable supply of gas to the power sector, review gas pricing to encourage investors by enabling them secure bankable agreements. It also transformed Nigeria into a regional hub for gas based industries due to major investments in the petrochemicals, methanol and fertilizer sectors. Diezani Alison Madueke was a major supporter of this Oil and Gas Masterplan during her tenure as Petroleum Minister. It remains one of the most progressive initiatives that helped to push the Nigerian Oil and Gas sector to world class levels.

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