The Minister of Petroleum Resources (Gas), Ekperikpe Ekpo has performed the groundbreaking of a 10million standard cubic feet per day (10MMSCF/D) Compressed Natural Gas (CNG) project in Esit Eket Local Government Area of Akwa Ibom State.

This was in line with the efforts of the Federal Government to ensure cleaner and affordable energy took in the country.

Speaking at the ceremony, Ekpo said that the project aligned with the Renewed Hope Initiative, aimed at promoting cleaner, more affordable energy solutions, describing the initiative as a game-changer that would not only boost Akwa Ibom’s economy but also significantly reduce dependence on petrol, by making gas a more accessible and cost-effective alternative.

He stressed that the Federal Government has prioritised investments in the gas sector, revealing that he had previously overseen the release of over N200 billion into the industry and would be injecting another N400 billion in the next two months.

The minister urged Investors to take advantage of the initiative, saying that there was need for local investors to take charge of their economic growth.

He highlighted the employment potential of the project, assuring that it would create jobs for Akwa Ibom youths and beyond, thereby reducing the economic hardships caused by the removal of fuel subsidies.

He therefore, urged the host community to provide a peaceful and conducive environment to ensure the project thrives, noting that such large-scale investments require strong local support.

.“This project will transform Esit Eket into an economic destination, attracting further investments and development,” he added.

On the long-term benefits of the CNG Mother Station, the Minister assured that upon completion, it would drastically lower gas prices, making it a viable alternative to petrol, which has surged to N900 per liter.

“By the time this project is completed, people will no longer queue to buy fuel at high prices; they will have access to a cheaper, cleaner energy source. The Federal Government is committed to ensuring that gas remains a key driver of economic growth and energy security,” he said.

In his remarks, the Chairman/CEO of Nsik Oil and Gas Limited, Nsikan Johnny, a major partner in the project, expressed gratitude to the Federal Government, the Akwa Ibom State Government, and all stakeholders for their unwavering support.

He described the project as a bold step towards energy security and economic empowerment, emphasizing that it aligns with President Tinubu’s vision for a more sustainable and prosperous Nigeria.

“This project is not just about building a facility; it’s about creating opportunities, stimulating economic growth, and enhancing the quality of life for our people,”

Johnny explained the transformative impact the CNG Mother Station would have on various sectors, including transportation, industries, and domestic energy consumption.

He assured that Nsik Oil and Gas was fully committed to ensuring the project benefits the local community by generating employment, empowering small businesses, and reducing energy costs. “We envision a future where clean energy is no longer a constraint to growth and development but a catalyst for progress,” he added.

An overview by the Project Consultant, Mkposong Asuquo described the CNG Mother Station is an audacious milestone that underscores the visionary drive for indigenous participation in Nigeria’s oil and gas sector.

He said thatthe project was a key component of the Renewed Hope Agenda of President Tinubu, and assured the people of its role in enhancing energy accessibility, employment generation, and cutting-edge technology deployment.

“This investment will make a significant contribution to employment and introduce state-of-the-art operational infrastructure to ensure the seamless and efficient compression of gas. Our goal is to provide CNG to top off-takers, corporate entities, and individuals across Akwa Ibom and beyond,” Asuquo stated.

Asuquo explained further that Nsik Oil and Gas 10MMSCF/D CNG Mother Station will operate with four reciprocating compressors, delivering CNG into specialized tube trailers for transportation to customers. The facility, according to him is strategically designed to serve multiple states, including Akwa Ibom, Rivers, Delta, Cross River, and parts of Abia.

He confirmed that all conceptual designs, environmental impact assessments (EIA), and construction licenses have been secured to carefully position the project for a smooth take-off and execution.

Members of the host community who spoke through the council Chairman, Ikemesit Ikot pledged their support and assured of a conducive environment for the successful completion of the project.