Developing the gas sector in Nigeria would have fetched the country more earnings, says President Muhammadu Buhari.
The president said this in a statement issued by Femi Adesina, his Special Adviser on Media and Publicity.
Adesina quoted President Buhari as saying so during a visit, on Tuesday, by Gabriel Mbega Obiang Lima, Equatorial Guinea’s Special Envoy and Minister of Mines and Hydrocarbons.
“Nigeria is more of a gas producing, rather than oil producing country. That fact had long been established. If we had followed our own plans, laid out in the 1970s, for the gas sector, we should have had 12 trains by early 1980s, instead of being on just six trains now.”
He also said: “We share a lot of things in common with Equatorial Guinea. These include geographical neighbourliness and neighbourliness in terms of resources.”
Equatorial Guinea is expected to host the first summit of gas exporting countries in the world – the first to take place in Africa.