REVITALIZATION OF GAS SECTOR FOR MAXIMUM UTILIZATION OF NATURAL GAS IN NIGERIA THROUGH INDUSTRIAL SYMBIOTIC SYSTEM
As a developing country, Nigeria needs industrialization to ensure wealth creation, reduce poverty and inequality gap including Nigeria’s back-aching unemployment level. Any country with more industrialization will need more resources to run factories, machines, and so on; these may require the increased usage of finite natural resources, such as crude oil, natural gas, mining deposits, and so on. Therefore, solutions that secure both sustainable human and economic development need to be found. One solution combining the principles of both economic growth and sustainability is Industrial Symbiosis, and thus, the reposition of gas sector imperative for optimum economic gains. In Nigeria, less than 51% of the populations have access to electricity. And yet the natural gas is still being flared in Nigeria; where the largest single consumer of natural gas is the electricity utility. This can be translated to mean that there is no maximum utilization of natural gas. Energy supply is too essential in any country’s development and experiencing consistent power failure has resulted in crippled industries in the country. Considering the existence of natural resources does not always translate to development, as these often times lead to complacency and mismanagement; Nigeria may have suffered from this. Therefore, in this presentation, the extent of production and utilization of natural gas in Nigeria is discussed. Gas utilization in the direction of electricity production which further revitalizes the gas sector and consequently drives industrialization in symbiotic manner in the country for economic development is discussed.