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The Minister of State for Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, has pledged the Federal Government’s support for Axxela Group to resolve operational challenges and strengthen its contribution to Nigeria’s gas sector.
Ekpo gave the assurance when he received the company’s Board and Management, led by its Chairman, Nzan Ogbe, during a courtesy visit to his office.
He said Axxela’s transition to Nigerian ownership presented an opportunity to deepen local investment and mobilise domestic resources for the development of the gas industry.
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The minister expressed optimism that the development would reinforce the company’s commitment to expanding gas utilisation in line with President Bola Tinubu’s economic development agenda.
He expressed optimism that the development would reinforce the company’s commitment to expanding gas utilisation in line with President Bola Tinubu’s economic development agenda.
He assured the company that the ministry would work to address its operational challenges and promote an enabling environment for genuine investors to thrive, stressing the importance of private-sector participation in achieving sustainable growth in the gas sector.
In his remarks, Ogbe reaffirmed Axxela’s commitment to harnessing Nigeria’s natural gas resources to drive industrial growth and expand access to gas for transportation, domestic cooking and other critical sectors of the economy. He, however, sought the ministry’s intervention in resolving conflicting interests across the gas value chain, which he said continued to pose challenges to the company’s operations.
