Nigeria’s chances of earning foreign exchange from gas had brightened with the efforts the Gas Exporting Countries Forum (GECF) is making to stabilise the global market, a top official has said.
The Nigerian Ambassador to Qatar, Shuaibu Ahmed, gave the assurance in an interview with the in Doha, Qatar, saying the focus of the forum was to salvage the international energy sector from the challenges facing the trade in gas.
“You can see that the prices of crude oil are crashing down and it is affecting the gas sector.
“So, the focus now is to salvage the situation internationally first. If we get to do that, Nigeria is a major oil exporting country; automatically it will trickle down because our revenue is going to increase.
“And some of the budgetary challenges we would have had in 2015 because of the dwindling oil prices would be overcome.“
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The envoy said the appointment of Nigeria as president of the forum was a major achievement for the country’s Minister of Ptroleum, Mrs Diezani Alison-Madueke and the country as a whole.
According to him, giving Nigeria the right to host the 17th Ministerial Meeting in Abuja in 2015 shows how much trust the international community has in Nigeria.
He said, “we consider the appointment of the minister of petroleum as the president of the GECF for the year 2015 as a major achievement having just been elected as the President of Organisation of Petroleum Exporting Countries.
“This is very significant for Nigeria and the minister as a person. It shows the kind of confidence that the international oil and gas sector has reposed in her
“As you know, the global energy sector is facing one of its major challenges in the last couple of decades.
“So for one country to be entrusted with the leadership of the two most important organisations in the energy sector, it shows that the international community has a lot of confidence and respect for us”
Rueters
The Nigerian Ambassador to Qatar, Shuaibu Ahmed, gave the assurance in an interview with the in Doha, Qatar, saying the focus of the forum was to salvage the international energy sector from the challenges facing the trade in gas.
“You can see that the prices of crude oil are crashing down and it is affecting the gas sector.
“So, the focus now is to salvage the situation internationally first. If we get to do that, Nigeria is a major oil exporting country; automatically it will trickle down because our revenue is going to increase.
“And some of the budgetary challenges we would have had in 2015 because of the dwindling oil prices would be overcome.“
• Cue out audio
The envoy said the appointment of Nigeria as president of the forum was a major achievement for the country’s Minister of Ptroleum, Mrs Diezani Alison-Madueke and the country as a whole.
According to him, giving Nigeria the right to host the 17th Ministerial Meeting in Abuja in 2015 shows how much trust the international community has in Nigeria.
He said, “we consider the appointment of the minister of petroleum as the president of the GECF for the year 2015 as a major achievement having just been elected as the President of Organisation of Petroleum Exporting Countries.
“This is very significant for Nigeria and the minister as a person. It shows the kind of confidence that the international oil and gas sector has reposed in her
“As you know, the global energy sector is facing one of its major challenges in the last couple of decades.
“So for one country to be entrusted with the leadership of the two most important organisations in the energy sector, it shows that the international community has a lot of confidence and respect for us”
Rueters
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