President Muhammadu Buhari, on Tuesday, said Nigeria would have been earning more money from its gas reserves if it had been exploited.
He made the statement when he hosted the Special Envoy of President of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo, at State House, Abuja.
“We share a lot of things in common with Equatorial Guinea. These include geographical neighbourliness and neighbourliness in terms of resources. Nigeria is more of a gas producing, rather than oil producing country.
“That fact had long been established. If we had followed our own plans, laid out in the 1970s, for the gas sector, we should have had 12 trains by early 1980s, instead of being on just six trains now,” Buhari stated.