Nigeria needs between 30 to $50 billion dollars to be a hub in the midstream oil and gas sector .
The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA , Allhaji Saidu Mohammed, gave the indication while on a facility tour of the Indorama Petrochemical and Fertilizer Facility in Port Harcourt, Rivers State.
Allhaji Saidu also expressed optimism that Nigeria would join the league of Urea exporting countries soon owing to the ongoing expansion in the industry.
The visit to Indorama Petrochemical and Fertilizer Facility is part of a three-day operational visit to selected midstream and downstream facilities in Rivers state by the NMDPRA team.
The aim is to assess and obtain a first-hand information on the operational status and availability of the critical infrastructure of the midstream and downstream sector, review and enhance the strategic alignment of the regulator and its licenses and engage with key investors of the sector amongst others.
Allahji Saidu Mohammed, was optimistic that increased investments in gas processing and other derivatives would eliminate the need for imports and strengthen the nation’s industrial base.
While commending the growth so far in the company , Allhaji Mohammed urged Nigeria to also work towards being a hub for secondary derivatives of the oil and gas sector.
The elated chief executive officer of Indorama Petrochemical and Fertilizer Facility ( name), on his part was satisfied that the company has delivered on its objectives
The tour continues with visits to other oil and gas companies still across Rivers State today.
In Port Harcourt Victory Aisoni Radio Nigeria
