The Nigeria Extractive Industries Transparency Initiative (NEITI), said yesterday that Nigeria would need to inject $20 billion annually into its gas infrastructure to maximise the production of the natural resources as the ninth highest gas producer in the world and number one in Africa.
Executive Secretary of NEITI, gbonnaya Orji, stated this in his 2021 – 2023 reports on Oil, Gas and Solid Minerals which was presented to the Senate Public Accounts Committee chaired by Aliyu Ahmed.
This is as the Senate panel declared that the less than 1 per cent contribution of proceeds from solid minerals to Gross Domestic Product (GDP) on yearly basis was not acceptable.
Orji said: “Based on NEITI’s findings , Nigeria needs to invest at least $20 billion per year into gas infrastructure for a period of ten years. The only thing that Qatar Energy does is gas processing through required infrastructure. ”
