The Federal Government is collaborating with the United Kingdom Gas and Electricity Markets Office (OFGEM) to strengthen the Nigeria Gas Regulatory Framework, in a movement that is expected to boost investor confidence and expand infrastructure throughout the country.
The association was formalized during a high level meeting in London that involved the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, Officials of Ofgem and the Midstream and Midstream Nigeriana (NMDPRA) regulatory authority.
According to a statement by the Minister’s spokesman, Louis Ibah, collaboration is aimed at improving regulatory innovation, improving the use of domestic gases and promoting projects such as power to power, development of natural gas pipes and networks (CNC) compressed, all crucials for the growth of SME and industrial expansion.
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Minister Ekpo emphasized the importance of Nigeria-UK associations to unlock specific investments that can improve gas delivery and access to energy for local companies.
He also pointed out the country’s impulse towards renewable gases and the reduction of emissions, looking for the Guide of Ofgem to integrate cleaner energy sources such as hydrogen into the Nigeria mixture.
The CEO of NMDPR, Farauk Ahmed, described the association as timely, pointing to its role in the development of a transparent and friendly regulatory environment with investors that could benefit SMEs involved in energy -related sectors.
The Ministry and NMDPRA reaffirmed their commitment to work with global institutions such as Ofgem to align the Nigeria gasoline sector with sustainability objectives and economic growth strategies.
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