• Gas investment deficit denies Nigeria 40,000MW of electricity

    Gas investment deficit denies Nigeria 40,000MW of electricity

    Natural gas reserves capable of generating 40,000 megawatts of electricity for Nigeria have remained idle as several factors continue to hamper investments by oil companies in the business, it has been gathered.

    Despite being home to Africa’s largest natural gas reserves, the country has one of the lowest power generation levels per person in the world.

    Latest figures from the Department of Petroleum Resources showed that the nation’s natural gas reserves had increased from about 189 trillion cubic feet to 192Tcf as […]