Vice President Jonathan Goodluck has restated government’s commitment to deregulate the nation’s oil and gas sector, saying that it was the only way to attract foreign investors. To achieve this, he told visiting delegation from the Baltic Holdings Corporation from Ukraine that the Federal Government had put in place the mechanism for the implementation of the policy. Jonathan told the team that the government was determined to develop the power sector by moving away from hydro to gas technology, which he said, “is more reliable and in abundance in the country.”
According to him, to actualise this, Nigeria has commenced the development of petroleum and gas master-plan that would encourage Public-Private Partnership (PPP) aimed at positioning the country as one of the biggest economies by the year 2020.
The Vice President also said that the government was concerned with the issue of providing potable water to the citizenry and combating ecological problems which, according to him, had threatened agricultural development in parts of the country.
He stated that the Federal Government was making effort to purify polluted or dirty surface water as well as underground water for domestic and agricultural purposes.
He expressed government’s determination to encourage investors in the areas of waste management, fertiliser production and to extinguish gas flares, noting that in other parts of the world, what was considered as waste materials are used for power generation.