Industry & Money

FG Signs MoU with 10 Firms to Boost Gas Infrastructure

The Federal Government, through the Midstream and Downstream Gas Infrastructure Fund (MDGIF), has signed joint venture investment agreements with ten additional equity partners to enhance Nigeria’s gas infrastructure and deepen the use of compressed natural gas (CNG) across the country.

Speaking at the signing ceremony at his office in Abuja on Thursday, the Minister of State for Petroleum Resources (Gas) and Chairman of the MDGIF Governing Council, Ekperikpe Ekpo, described the event as a significant milestone in Nigeria’s journey towards achieving energy security, industrial growth, and sustainable development.

“Today’s event is a resounding affirmation of the visionary leadership and unwavering commitment of President Bola Ahmed Tinubu, towards unlocking the full potential of Nigeria’s gas sector.

“This signing ceremony reflects not only the alignment of national priorities with practical action but also the profound dedication to fostering growth, enhancing energy security, and building a resilient economy for generations to come,” he stated.

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