TUE JULY 15 2025-theGBJournal| The Akwa Ibom State Government, NNPC Ltd. and the Gas Aggregator Company Nigeria Ltd./GTE (GACN), and has signed a $3.5 billion Memorandum of Understanding (MoU), signaling the South-South geopolitical zone’s commitment to driving gas industrialisation for shared prosperity.
The MoU outcome will be channeled towards unlocking the full potential of natural gas to drive industrialisation, economic diversification, and sustainable development in the South-South region and across Nigeria.
The MoU was signed on the sidelines of the South-South Gas Utilisation Forum, a high-level gathering of stakeholders across the gas value chain, government, industry, and investment communities, in Uyo, Akwa Ibom State.
The Managing Director of GACN, Mr. Chijioke Uzoho, and his team convened the forum, themed: “Utilising Gas as a Catalyst for Sustainable Growth”, to rally key stakeholders in the region toward catalysing holistic development through gas industrialisation.
It also served as a platform to showcase the enabling environment for investment, highlighting local infrastructure, policy support, and emerging opportunities that position the region as a growth hub for gas-based development.
GACN is the vehicle for implementation of the Nigerian Gas Master Plan (NGMP) commercial framework.
The South-South Gas Utilisation Forum 2025 was attended by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, alongside representatives from the Governors of Akwa Ibom, Cross River, and Rivers States.
NNPC Ltd.’s delegation was led by the Executive Vice President, Upstream, NNPC Limited, Udy Ntia, who also serves as the GACN Board Chairman, and the Executive Vice President, Gas, Power, and New Energy, Mr. Olalekan Ogunleye.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
