Major General Muhammadu Buhari (retd.) has expressed his gratitude to Nigerians for their patience due to the economic and other challenges the nation continues to face.
The president also thanked members of the organised labour for their “maturity and patriotism.”
In a statement by his Special Adviser on Media and Publicity, Femi Adesina, Buhari spoke at the virtual launching of the National Gas Expansion Programme and National Auto-gas Roll-out Initiative at the Presidential Villa, Abuja on Tuesday.
The statement was titled ‘Economy: President Buhari appreciates Nigerians for patience, urges more use of gas as alternative to petrol’.
The President was quoted as saying, “Let me now express my deep appreciation to Nigerians for their patience, and organised labour for its maturity and patriotism as we collectively navigate these global economic and other challenges.’’
Buhari also persuade the Nigeria citizens to accept the use of gas as an alternative to fuel.
According to the president, the natural gas resources, which Nigeria is bestowed with, has previously been used crummy as a result of the shortage of gas processing facilities and infrastructural connectivity for effective and optimal domestic utilisation.
He said with a proven reserve of about 203 Trillion Cubic Feet and additional upside of 600 TCF ranking Nigeria as the 9th in the world currently, there was the need for domestic gas expansion and utilisation.
He explained that the deregulation of the downstream sector had exposed many to price volatilities in the global market.
Buhari however, stated that attention should be shifted to more affordable alternative for energy.
He added, “Therefore, the roll-out of the National Gas Expansion Programme, Auto-gas initiative is coming at the right time, especially in light of global crude oil market fluctuations coupled with the full deregulation of the local PMS market.
“These developments have made it imperative to focus on gas as an alternative fuel to move Nigeria from the conventional dependence on white products for autos and prime-movers of industrial applications, to cleaner, more available, accessible and affordable energy source.
“The outcome will not only cushion the effect of the downstream deregulation that this government has to painfully implement, but also create new markets and enormous job opportunities for our people.’’