Indigenous oil and gas company, Neconde Energy Limited, has urged the federal government to remove the cap on gas pricing in the country to attract more local and foreign investment into the sector.
In an interview on the sidelines of the Nigeria Oil and Gas (NOG) Week in Abuja, the company’s acting Managing Director as well as Gas Asset Manager, Chichi Emenike, noted that aside from distorted gas pricing, the federal government also needs to ramp up its ‘Ease of Doing Business” efforts.
While the government is still trying to figure out how it will attract financing on its side, she noted that most of the current funding in the sector has been coming from the private sector, explaining that the investing firms do not have free money to waste.