The Minister of Petroleum Resources (Gas) Obongemem Ekperikpe Ekpo has disclosed that the federal government will inject another N400 billion gas infrastructure fund to beneficiaries in the next two weeks.
Speaking during the groundbreaking ceremony of the 10MMSGF/F CNG Mother Station facility held at Esit Eket Local Government Area of the state yesterday, Ekpo said that the FG is committed to cleaner and environment-friendly energy.
The N400 billion is coming after the Federal Government released the N122 billion gas infrastructure fund last year.
“Let me hint to you: in the next two weeks, I am going to release more money, and this may be up N400billion; any Alwa Ibom Son and Daughter going to be involved should go and consult with Nsik Oil and Gas.
“Your project must be bankable, and the Transaction Adviser will approve it, so it will not be that the Minister is from Akwa Ibom and whatever I bring, he will approve, no.
“You have to go through the scrutiny of the Transaction Adviser, and when it’s presented to me, you can go home and rest. You will be sure that the money will be released to you.
