Tambuwal laments loss of $10bn from gas

By Victor Oluwasegun and Dele Anofi, Abuja 

Tambuwal

House Speaker, Aminu Tambuwal yesterday lamented the loss of $10 billion revenue from gas sub-sector following poor infrastructure. 

Tambuwal, who spoke while receiving Mr Babs Omotowa, the Managing Director of Nigeria Liquefied and Natural Gas (NLNG), said there is need for Nigerians at various exalted positions to contribute meaningfully to human capital development in the country. 

The Speaker noted that non-development of the human capacity in the country will eventually translate to denying the country more share of the world market in the gas sub-sector. 

His words:  “I learnt that if we don’t do something quickly, this will further shrink to less than five per cent in the next few years. This is bad news. Because at that time, the US which is still mainly a net importer would have concluded current plans and become a major exporter, thus denying us even more share of the world market.“

SOURCE: The Nation, 8 March 2012. http://www.thenationonlineng.net/2011/