The Federal Government is developing a creative and innovative gas policy and regulatory frameworks to meet the aspirations of Nigerians and prospective investors.
Minster of State for Petroleum Resources, Doctor Ibe Kachikwu, said this at the Powering Africa Conference in Abuja.
Kachikwu, who was represented by his Special Adviser on Policy and Fiscal Matters, Doctor Timothy Okon, said the move became imperative because of the large gas reserves in the country.
He also said due to the abundance of gas reserves in the country, Nigeria should be a gas-based economy and not one hinged on oil.
Kachikwu said government had over the years developed various initiatives to encourage investment in the upstream, midstream and downstream sectors of the gas value chain.