Oil and GasNigeria unveils N250 billion intervention facility to boost gas value chain

August 9, 2021by megathos0
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Nigeria has introduced a N250 billion intervention facility to stimulate #finance and motivate investors in the gas value chain for sustainable business development in the country.

This is commendable and in line with the #decadeofgas. Building the natural gas value chain, is a good way to drive gas monetisation and extinguish gas flaring.

Mr Bitrus Nabasu, the Permanent Secretary, Ministry of Petroleum Resources, was quoted has having said in Abuja  “Therefore, in an effort to stimulate finance to this critical sector, the Ministry of Petroleum Resources in partnership with the Central Bank of Nigeria (CBN), introduced a N250 billion intervention facility to help motivate #investment in the #gas #value #chain.”

The facility, he stated, was designed to improve access to financing for private sector investment in the gas value chain, stimulate investment in the development of infrastructure to optimize the domestic gas resources for economic development.

The Government has disclosed that, 77 companies and startups have applied to the fund under various categories, adding that the programme is designed to  create over three million jobs in the natural gas value chain across the country.

For assistance, on how to access the N250 billion intervention facility to stimulate finance and motivate investors in the gas value chain in Nigeria, please send a message via the contact form of www.megathoslaw.com

 

 

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