Home NEWS How Nigeria Lost Opportunity Of Becoming Massive Gas Producing  Country – Buhari

How Nigeria Lost Opportunity Of Becoming Massive Gas Producing  Country – Buhari

President Muhammadu Buhari has expressed regret that Nigeria lost the golden opportunity of becoming massive gas producing country because of deviation from the well thought-out plan for it in the 70’s.
The President who hosted a Special Envoy of President of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo, at the Presidential Villa, Abuja, today, Novem19, stressed that Nigeria is more of a gas producing, rather than oil producing country.
“That fact had long been established. If we had followed our own plans, laid out in the 1970s, for the gas sector, we should have had 12 trains by early 1980s, instead of being on just six trains now.”
He said that if the plan had been properly implemented, Nigeria would have been richer in gas production than crude oil.
President Buhari said that Nigeria and Equatorial Guinea share a lot of things in common, which he said include geographical neighbourliness and neighbourliness in terms of resources.

The Special Envoy and who is that country’s Minister of Mines and Hydrocarbons, Gabriel Mbega Obiang Lima, said that he brought a message from his President on the forthcoming meeting of Heads of State of gas exporting nations, which Equatorial Guinea would be hosting.

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The Special Envoy thanked Nigeria for the support it gave Equatorial Guinea to host the first summit of gas exporting countries in the world, taking place on African soil.