Imo seeks partnership with FG, investors on gas exploration

The Imo State Governor, Hope Uzodiinma, says the state is ready to work with the federal government and other investors to explore gas resources.

Uzodimma said the sector would increase youth employment in the state and enhance economic growth.

The governor, who was represented by his deputy, Prof Placid Njoku, said this at a three-day sensitisation forum for stakeholders organised by the Gas Monitoring Committee of the Revenue Mobilization Allocation and Fiscal Commission in Owerri, the Imo State capital.

He says, the state is ready to harness its potentials for the growth of the state adding that the state has the largest deposits of natural gas globally.

The governor restates his commitment to harnessing the resources in other to build a strong economic base for the State as well as create an enabling employment for the youths.

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“Imo wants to partner with the Federal Government and others interested in gas, it will increase youth employment and economic growth of the State. Effective use of gas is a concern to the state government”, He says.

He pointed out that the state, as one of the largest producers of the product, has the capacity of hosting major gas investments of the federation.

“Nigeria has set the ambitious goal of remaking its natural gas industry in the coming decade , hoping to use its abundant gas resources to power its fast-growing economy as well as benefitting from a growing export business.

“To succeed, it will require foreign capital, friendly policies and government-industry cooperation.

“It is our hope that Imo State will provide the enabling environment for potential investors so that the inherent potentials of gas as the catalyst for achieving economic diversification is fully achieved.” He explained.

Corroborating Uzodimma’s statistics on gas deposits in the state, the Chairman of the Gas Monitoring Committee, Patrick Mgbebu, noted that Nigeria has more gas deposits than oil.