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Journal of Emerging Trends in Engineering and Applied Sciences (JETEAS)

ISSN:2141-7016

Article Title: Driving Sustainable Growth through Natural Gas Assets in Nigeria
by Koso I. Idigbe and Onwuachi-Iheagwara, P. N

Abstract:
Natural gas is increasingly becoming a major source of energy in Nigeria. This is singularly demonstrated by new power plants being planned and constructed to use natural gas for thermal generation of electric power. We presented basic facts and challenges, and then, investigated various options available to the Federal Government to optimizing natural gas in Nigeria, for sustainable growth and development. We posit that creativity/innovations in critical decisions, a proper and objective re-engineering and deregulation of the petroleum industry with the evolution of a separate natural gas industry, a well-articulated gas flare down policy beneficial to all stakeholders; coupled with an effective monetization program, are important inputs to optimizing the natural gas assets in Nigeria, to drive and sustain growth. Expectations are that these will translate to the effective functioning and sustainability of core industries, a key requirement to attaining vision 20:2020; the transformation agenda of the Federal Republic of Nigeria. Power, petro-chemicals, and steel, will be major beneficiaries of this proposed optimizing of natural gas assets. The potential impacts, especially, social and economic, will be beneficial on the people, and hopefully, bring about and sustain the desired growth in Nigeria.
Keywords: natural gas, re-engineering, natural gas industry, effective monetization, sustainability of core industries, vision 20:2020, impacts, growth.
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ISSN: 2141-7016

Editor in Chief.

Prof. Gui Yun Tian
Professor of Sensor Technologies
School of Electrical, Electronic and Computer Engineering
University of Newcastle
United Kingdom

 

 

Copyright © Journal of Emerging Trends in Engineering and Applied Sciences 2010