NEITI estimates Nigeria needs $200 billion in gas infrastructure investment over the next decade.Executive Secretary Dr. Orji Ogbonnaya Orji stressed the need for $20 billion annually to develop pipelines and processing facilities.
Dr. Orji highlighted that Qatar Energy excels in gas processing due to strong infrastructure, stressing that Nigeria must heavily invest in evacuation infrastructure and pipelines across West Africa and beyond to fully tap into its gas resources.
The Senate criticized the solid minerals sector, deeming its contribution to Nigeria’s GDP, under 1% annually, as unacceptable.
Committee Chairman Senator Aliyu Wadada Ahmed questioned why mining-rich states like Nasarawa, Zamfara, and Plateau were excluded from the report, calling for a sector-wide overhaul.Regarding the alleged $8.5 billion in unremitted revenue by NNPCL, FIRS, and the Nigerian Upstream Petroleum Regulatory Commission, Dr. Orji confirmed that the EFCC is investigating the issue.
