The Ministry of Petroleum Resources (Gas) has said government policy was not responsible for the decision by the Dangote Group to abandon the proposed 1,200km subsea gas pipeline.
The ministry disclosed this in a statement signed by the Spokesperson to the Minister of Petroleum Resources (Gas), Louis Ibah, where he stated that the decision was taken long before the commencement of the President Tinubu administration.
The spokesman said, “The attention of the Honourable Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has been drawn to the recent statement attributed to the VP Oil and Gas of Dangote Group, regarding the abandonment of plans to build a 1,200km subsea gas pipeline due to government policies, during a webinar hosted by Nairametrics.
“Hon. Ekpo notes that the decision to build or abandon the project was solely a business decision of the Dangote Group, taken long before the inauguration of the President Bola Ahmed Tinubu-led administration.”
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“The federal government under President Tinubu is committed to creating an environment that encourages investors who are willing to invest in projects in the Gas Value chain.”
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