While Nigeria remains in darkness, the country however sells to other countries, an average of 22 million metric tons per annum (mtpa) of liquefied natural gas (LNG) to provide electricity that powers their homes and industries, the Executive Secretary of the Nigerian Content Development Management Board (NCDMB), Mr. Simbi Wabote, has disclosed.
Wabote, equally said in a presentation he made at the just concluded 2018 edition of the Nigerian Gas Association (NGA) conference and exhibition in Abuja, that every day the country spends $78 million on imported petroleum products, as well as $3 million every hour on same. Wabote, stated that Nigeria’s energy challenges were ironical.
Speaking further on how Nigeria has continued to lose out on the values her gas resources could bring to her, Wabote, stated that the country has over 10 million vehicles nationwide but less than 10,000 of them are running on compressed natural gas (CNG) which he said is cheaper than petrol and more environmentally friendly.
He also said: “You must have heard that the estimated demand for LPG cylinders far outweighs the current manufacturing capacity of 460,000 units per annum. “There is an unmet demand in excess of 20 million cylinders. There is also the opportunity to manufacture accessories such as hoses, valves, clips, burners, and others.”
Source: THIS DAY