Abuja Chamber of Commerce and Industry (ACCI) is holding second Domestic Gas and Gas Infrastructure Summit (DGGIS2023) between today and tomorrow to promote critical discussion of various issues centered on reviving the industry.

The chairman, Dr. Al-Mujtaba Abubakar, in a statement, submitted: “The second edition of the summit, with the theme, “Building a Sustainable, Resilient Gas and Renewable Energy Sector in Nigeria and Beyond” is to promote the critical discussion of various issues centered on rejuvenating the Nigerian gas industry. Its primary objective is to enhance both domestic gas utilisation and the infrastructure needed to make the Nigerian gas industry globally competitive.

“This annual event is organised by the Energy Trade Group of the Abuja Chamber of Commerce and Industry (ACCI), with a focus on promoting local content, fostering a friendly business environment through government liaisons, and organising seminars and workshops, they ensure that the benefits of the oil and gas industry in Nigeria extend throughout the nation. The conference is a platform to discuss the future of the Nigerian gas industry.

“Globally, natural gas has replaced coal as the fuel of choice for electricity production, with climate and air quality benefits. The rapid decrease in the cost of solar, wind and other renewable energy technologies makes these an even better alternative.’’

“According to research, Nigeria currently accounts for 33 per cent of the total gas reserves in Africa. With a reserve base of 36.97 billion barrels of oil and 208.83 trillion cubic feet of gas, which represents 33 per cent of Africa’s total gas reserves of 620TCF, Nigeria can be described as a gas-rich nation, ranking number one in Africa in reserves, with a life index of 94 years.

“The rising global demand for cleaner energy sources has offered Nigeria an opportunity to exploit gas resources for the good of the country. This is an opportunity to buy in for the development of our dear nation. For us at the Chamber of Commerce, we take advantage of whatever would benefit the business community, improve economic growth, drive investments, and provide the much-needed jobs for Nigerians.”