The Nigerian Petroleum Company (NNPC), Gas Aggregation Company of Nigeria (GACN), and the Nasarawa State Government signed a Memorandum of Understanding (MoU) at the Nasarawa Gas Business Roundtable engagement in the provincial capital of Lafia on 25 November to supply gas to industries and investors within Nasarawa State and explore investment opportunities in the sector.
The signing of the MoU represents the progress and economic benefits of the Ajaokuta-Kaduna-Kano (AKK) gas pipeline and other gas-based business opportunities.
Participants at the ceremony lauded H.E. President Muhammadu Buhari’s commitment to gas utilization as a driving force for economic development, commending the NNPC’s management, accountability, and transparency.
“This is a major step in the federal government’s Gas Utilization Expansion drive being facilitated vigorously by NNPC and GACN. This MoU sets out clear deliverables that are time-bound based on securing gas both on a short-, medium-, and long-term basis on competitive terms,” stated GACN Managing Director, Olalekan Ogunleye, adding that, “Evidently, NNPC’s management continues to drive commercialization of gas resources as a national economic development issue, while GACN and other NNPC subsidiaries like NGMC, NGC have clear cut roles and responsibilities to deliver concrete progress and value.”