The Lagos State Government said it would be deploying resources to increase infrastructure development in the oil and gas sector, which will facilitate and encourage investors.
The infrastructure that the government seek is going to target the expansion of business in the downstream sector, most especially liquefied natural gas, pipelines, import terminals, and many more.
This was announced by the Permanent Secretary of the Ministry of Energy and Mineral Resources, Mrs. Sholabomi Shasore, who stated that the Lagos state government will also focus on other areas that will boost the supply of gas in the state.
Shasore gave the assurance in her goodwill message delivered at the 17th edition of the Oil Trading and Logistics (OTL) Africa Downstream Week, 2023, on Tuesday in Lagos.
The Permanent Secretary was represented by Mr Antonio Ayodele, who is also a representative of the ministry; he said that now is the right time for more synergy in the oil and gas downstream and midstream sectors.
Her statement reads,
- It is time to be innovative and to collaboratively drive the market through its murky waters, and it is also time to bring the market to a new horizon. It is time to forge ahead into the new. Here in Lagos State, our policy priorities will support initiatives that will drive the market in this regard.
- These will include strategic infrastructure like LNG import terminals and pipelines to improve the reliability of gas supply in Lagos State.