• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, August 10, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Akwa Ibom To Become Top Gas Destination As NNPC Invests $3.5bn

by Iniobong Ekponta
4 weeks ago
in News
Akwa Ibom
Share on WhatsAppShare on FacebookShare on XTelegram

Indications have emerged that Akwa Ibom State would soon become a top gas-based industrial destination.

Advertisement

This followed the signing of a landmark Memorandum of Understanding (MoU) by the administration of Governor Umo Eno  and the Aggregator Company of Nigeria (GACN), which triggered a $3.5 billion Final Investment Decision (FID) by the Nigerian National Petroleum Company Limited (NNPCL).

Represented by his deputy, Senator Akon Eyakenyi, the governor who led the state’s delegation to the ongoing South-South Gas Utilisation Forum (GUF) at the Ibom  Hotel and Golf Resort, Uyo, the state capital, described the MoU and the investment portfolio as “a strategic leap toward energy-led prosperity.”

The governor commended President Bola Tinubu, for his unwavering commitment to gas development in Nigeria, and expressed appreciation to the minister of State for Petroleum Resources (Gas), Obongemem Ekperikpe Ekpo, along with the industry leaders, stakeholders, and participants, for their dedication in translating the president’s vision into action.

He expressed optimism that the summit would renew their collective resolve to harness gas for industrialisation, domestic energy use, economic growth, and inclusive development.

RELATED

Association Sacks BOT /NEC For Defying NSCDC Directive

Prime Suspect In NSCDC Officer’s Death Falls, Dies

46 minutes ago
2027: Lagos APC Stakeholders Push For Ambode’s Candidacy

2027: Ambode Denies Guber Ambition Under ADC

3 hours ago

“Akwa Ibom is committed to creating an enabling environment for investment, ensuring adherence to environmental standards, and delivering tangible benefits to our host communities,” the governor assured.

Also speaking at the event, Minister Ekpo, praised Eno’s leadership style, describing the summit as a milestone in Akwa Ibom’s journey toward becoming an energy and industrial powerhouse.

“This is more than a meeting—it is a declaration of intent and a roadmap to gas-based prosperity,” Minister Ekpo said. “Governor Eno’s vision aligns perfectly with President Bola Tinubu’s Gas to Prosperity – Renewed Hope Agenda (RHA).”

The minister noted that although the South-South remains the heart of Nigeria’s gas production, the region must now evolve from a resource base to a centre of value addition, innovation, and inclusive growth, and emphasised the need to develop industries such as petrochemicals, fertilizers, modular refineries, and Compressed Natural Gas (CNG)-powered transport systems.

 

Underscoring the importance of inclusive development, the minister highlighted the provisions of the Petroleum Industry Act (PIA) 2021—particularly the establishment of the Host Communities Development Trust (HCDT), which mandates oil and gas companies to contribute three percent of their annual operational expenditure toward the development of host communities in education, healthcare, infrastructure, and economic empowerment.

 

“This is in line with our call for communities to be co-owners, not just spectators, in the energy development process,” he explained.

 

Providing details on the investment, NNPC’s executive vice president (Gas), Mr. Olalekan Ogunleye, stated that the $3.5 billion commitment will support the development of vital gas infrastructure projects.

 

These include an inter-county gas pipeline, offshore-to-land gas delivery systems, a methanol plant, a fertilizer plant, and a floating Liquefied Natural Gas (LNG) facility.

 

The MoU signed between the Akwa Ibom State government represented by the Secretary to the State Government, (SSG), Prince Enobong Uwah and the  Attorney General and commissioner for Justice, Uko Udom SAN, and the GACN, it was gathered, aimed at “establishing a strategic framework to promote the state as a natural gas development and industrial investment destination.”

 

“It also provides for the development of a robust Akwa Ibom State Gas Master Plan (AKS-GMP), with a focus on data mapping, infrastructure planning, and demand forecasting.

 

“In addition, the MoU commits both parties to promoting domestic gas-based industries through transparent and commercially viable access to gas supply. It also supports the development of virtual pipeline solutions—such as Compressed Natural Gas (CNG), Liquefied Petroleum Gas (LPG), and LNG—for both industrial and domestic use.

 

“The agreement  further aligns with national goals on energy transition and decarbonization under the federal government’s decades of gas initiative and climate change agenda,” the document stated.

 

 

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Akwa Ibom StateNigerian National Petroleum Company (NNPC)
SendShareTweetShare
Previous Post

Defined Benefit Pensioners To Get Free Health Insurance Coverage By 2026

Next Post

NIS Launches Digital Platform For Expatriate Residence Permit Applications

Iniobong Ekponta

Iniobong Ekponta

You May Like

Association Sacks BOT /NEC For Defying NSCDC Directive
News

Prime Suspect In NSCDC Officer’s Death Falls, Dies

2025/08/10
2027: Lagos APC Stakeholders Push For Ambode’s Candidacy
News

2027: Ambode Denies Guber Ambition Under ADC

2025/08/10
Succour As World Bank, Govt Tackle Flooding In A’Ibom Communities
News

South-South Stakeholders Prepare For Flood

2025/08/10
Centre Asks Benue Govt To Release Budgetary Allocation For Family PlanningZulum To Attend MSSN Symposium In Oyo
News

UNICEF, Group Seek Six Months Maternity Leave

2025/08/10
Reclaiming Benue’s Pride Of Place In Agriculture
News

Farmers Raise The Alarm Over Influx Of Substandard Fertiliser In Jigawa

2025/08/10
Food Security: Gombe To Be Enlisted As Participating State In World Bank-assisted Spin Project
News

Gov Yahaya Mourns Dr Joda Of Federal Teaching Hospital

2025/08/10
Leadership Conference advertisement

LATEST

Prime Suspect In NSCDC Officer’s Death Falls, Dies

2027: Ambode Denies Guber Ambition Under ADC

South-South Stakeholders Prepare For Flood

UNICEF, Group Seek Six Months Maternity Leave

Farmers Raise The Alarm Over Influx Of Substandard Fertiliser In Jigawa

Gov Yahaya Mourns Dr Joda Of Federal Teaching Hospital

Why Peter Obi Should Return To PDP – Bauchi Gov

FCT Indigenes Demand Land Restitution, Political Inclusion

Tinubu Celebrates Kebbi Governor Idris At 60

Benue Assembly Rejects Gov Alia’s Request To Screen Commissioner Nominees

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.