Industry leaders, policymakers, and financial experts have called for a more robust fiscal policy framework to enhance the development of gas and other infrastructure in the country.

They stated this at a conference by Stanbic IBTC’s Corporate and Investment Banking (CIB) division themed: ‘Driving gas and infrastructure opportunities in Africa’.

The discussions centredon maximising Nigeria’s vast energy potential across multiple streams, including oil and gas, power generation, renewable sources, and emerging technologies.

Speaking on the theme, the acting Chief Executive, Stanbic IBTC Holdings, Kunle Adedeji, and Chief Executive of Stanbic IBTC Bank, Wole Adeniyi, emphasised the pivotal role that gas and infrastructure sectors could play in the growth and development of Nigeria’s economy, saying these sectors are vital for the country’s economic landscape, future sustainability and prosperity.

In his keynote speech, Director General, Infrastructure Concession Regulatory Commission (ICRC), Dr. JobsonEwalefoh, said the government is committed to expanding infrastructure and fostering strategic partnerships for sustainable growth.

Head, Client Coverage at Stanbic IBTC Bank, Joyce Dimkpa, moderated a panel session of Dr. JobsonEwalefoh, Director General of the Infrastructure Concession Regulatory Commission (ICRC); Engr. Ahmed Farouk, Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA); Yetunde Taiwo, General Manager of Integrated Gas Development at First E&P; AdesuwaLadoja, Managing Director/Chief Executive Officer of Lagos Free Zone; and Jonathan Muga, Sector Lead for Infrastructure Sector Client Coverage at Standard Bank Group.

Taiwo highlighted the significance of the value chain. “It is widely understood that for this to impact the economy positively, it must traverse a complete value chain, starting with the upstream sector.”

Muga maintained that providing a regulatory framework for public-private-partnership (PPP) initiatives is key to attracting the right investments.


https://guardian.ng/business-services/business/stanbic-ibtc-icrc-others-chart-path-to-gas-infrastructure-growth/