The President, Dangote Group, Alhaji Aliko Dangote, has said the gas pipeline being built by the company will triple the country’s consumption of the resource.
Dangote said the 1,100-kilometer pipeline would give the country three billion cubic feet of gas, compared to the nation’s current consumption of one billion cubic feet.
Nigeria is Africa’s top oil producer and largest holder of natural gas reserves on the continent, with about 187 trillion cubic feet of proven gas reserves and 600 Tcf of unproven gas reserves.
The country, which has the ninth largest gas reserves in the world, is only the 22nd biggest producer of natural gas as inadequate infrastructure and other challenges continue to hamper gas development in the country.
Speaking on the sidelines of a tour of the $14bn (2N2.8tn) refinery, fertiliser and petrochemical complex being built in Lagos, Dangote said, “We are also freeing up the gas which is right there in the ground.