As a result this intractable challenge, many multinational firms have relocated to neighbouring countries where better prospects exist for manufacturing. Despite opportunities that Liquefied Natural Gas (LNG) offer to Nigeria in terms of reserves, pricing and utilisation for gas-to-power, access to the commodity has remained a challenge. LNG and Compressed Natural Gas (CNG) form sources of alternative power to local producers owing to failure of the national grid to meet their demands. To address their electricity challenges, local manufacturers had unveiled a special purpose vehicle called, MAN Power Development Company, to provide electricity to industrial clusters. They equally argued that the government addresses the categorisation of manufacturers’ gas intake as commercial users in the natural gas pricing gazette, instead of Strategic Industrial Sector.

Source: The Guardian August 02, 2020 03:22 UTC