A former Minister of Power, Works and Housing, Babatunde Fashola, has called for increased local investments in the gas sector to realise its potential benefits.
Fashola made the call at the inauguration of an indigenous gas company, GASCO Marine Limited, located at Onijanganjangan community in Abeokuta North Local Government area of Ogun State.
“We can continue to talk about gas flaring and carbon emissions and their negative impacts on the environment, but the situation will not change unless we do something about it,” Fashola said. The former minister, who commended the initiative, said such investment in gas would help government in protecting the environment for future generations. Stressing the advantages in the use of gas, Fashola said “there is about 60 per cent cost saving in the deployment of gas as an alternative to inefficient and polluting diesel.”
He also emphasised the benefit of employment generation through the value chain of gas production, processing, storage and distribution.