REMARKS BY THE SPEAKER, HOUSE OF REPRESENTATIVES, RT. HONOURABLE YAKUBU DOGARA AT THE PUBLIC HEARING ON THE BILLS FOR NIGERIAN GAS PROCESSING AND MARKETING REGULATORY BOARD AND THE NATIONAL GAS RESOURCES DEVELOPMENT AGENCY, HELD ON THURSDAY, 16TH FEBRUARY, 2017 AT HOUSE OF REPRESENTATIVES, NATIONAL ASSEMBLY, ABUJA, NIGERIA.
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Rt. Hon. Yakubu Dogara
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Protocols:
I am very delighted for the opportunity presented by this Public Hearing on two Bills: ‘Nigerian Gas Processing and Marketing Regulatory Board’ and the ‘National Gas Resources Development Agency’. These Bills seeks to establish the much needed legislative framework to free – up Nigeria’s gas deposits from the overarching concentration on crude oil production at the detriment of gas production. The Bills are expected to propel the country to give gas development, production and marketing its pride of place. If these Bills are eventually enacted into law, they will help create the enabling legislative order in which gas shall no longer be a footnote of crude oil with the attendant overriding benefits to the Nigerian economy.
2. The gas sector of the Nigerian economy has despite several commercial efforts failed to yield its value chain benefits. The laws in place in Nigeria have continued to make crude oil production the corner stone of the country’s petroleum sector development, with inadequate focus on gas production. This misnomer is quite understandable in view of the fact that at the time of developing the Nigerian petroleum sector, global interest in crude oil production and utilisation far outweighed gas utilization. Indeed, gas was treated as waste. It has even still continued to be flared.