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Why FG needs support of private sector on National Gas Policy- MOMAN

The Federal Government needs the support of the private sector for the success of the National Gas Policy aimed at deepening gas utilisation in Nigeria.

The statement was made by The Major Oil Marketers Association of Nigeria (MOMAN).

MOMAN Chairman Mr Tunji Oyebanji, who spoke in Lagos, said the nation would soon begin to reap the benefits of the government’s gas policies if they carry the relevant private sectors along

Some of the gas policies are the Autogas Scheme, which was officially inaugurated on Decemeber 1 by President Muhammadu Buhari.

Oyebanji, in his words, said:: “We believe that there will be a lot of activities in the gas sector this year, both Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG).

“We expect the government policies in these areas to begin to bear fruits and gas consumption, both for our domestic cooking gas and autogas, will move forward.

“We cannot say that in 2021 that autogas will replace the Premium Motor Spirit totally, but we can begin to see some progress being made in that area.”

He added that investors are ready to take part in the autogas scheme, but need assurance that their investment will be safe.

Oyebanji said: “If you want CNG retailers across the country, you will need a lot of financial investment.

“Those who are going to make the investment also need some assurances regarding the protection of their funds.

“There should be continuous engagement and involvement of the private sector as the policy is being fine-tuned and formulated, so that by the time it comes out, it will be driven largely by the private sector.”

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