Liquefied Petroleum Gas (LPG) is increasingly becoming the most preferred source of energy worldwide but more than half of the northern states do not have a single gas plant, the Deputy Manager, Gas Division of the Department of Petroleum Resources (DPR) in Kaduna, Ibrahim A. Ciroma, has said.
He made this statement while presenting a paper titled ‘Investment Opportunities of LPG in Northern Nigeria’ at the DPR and Petroleum Products Marketers (PPM) 2013 annual general meeting which was held in Kaduna on Tuesday.
He said gas consumption in Nigeria is abysmally low even by African standard, noting that there are less than 30 active gas filling plants in northern Nigeria.
“It is therefore imperative to draw the attention of the people to the huge investment opportunities in the gas sector particularly in the North,” he said.
Though he said that it is possible to build a gas plant with less than N10 million, the deputy manager disclosed that there is accessibility to loans at very low interest rate from the Bank of Industry for the establishment of gas filling plants.
Meanwhile, in his speech at the event, the Zonal Operations Controller of DPR, Alhaji Mustapha F. Jahun, stated that the dynamics of oil and gas business require high safety and technical standards; noting that safety is a very important component of the sector.
He therefore advised the industry operators to exhibit safety consciousness while loading, transporting, discharging and dispensing petroleum products to avoid preventable loss of lives. He also stressed the need for installation of earthing system in both surface and underground storage facilities to prevent the risk of fire incidents.
“Many lives have been lost to fire due to lack of adequate safety measures. It is now mandatory for all oil and gas installations to be properly earthed and to conduct tank resistivity test every two years as stipulated by law using DPR accredited consultants,” he said.