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Bridging Energy Access Gap Vital for Nigeria’s Economic Growth, says NNPC Chief

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The Nigerian National Petroleum Company Limited (NNPC Ltd.) has underscored the critical necessity of closing the energy access gap for fostering economic prosperity in the nation.

Speaking at the 2024 edition of the Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum (SPE OLEF) in Abuja on Thursday, Mr. Mele Kyari, the Group Chief Executive Officer of NNPC Ltd., emphasized the pivotal role of energy stability in driving integrated strategies for infrastructure, transportation, and security within the energy sector.

Kyari highlighted NNPC Ltd.’s commitment to developing essential infrastructure aimed at delivering oil and gas to propel economic prosperity for Nigerians. “We are dedicated to building gas infrastructure across the country,” he stated, noting that this commitment aligns not only with the statutory requirements of the Petroleum Industry Act but also with the goal of ensuring long-term energy security beyond mere fuel supply.

Specifically addressing efforts to bridge the energy access gap, Kyari outlined NNPC Ltd.’s initiatives, including the development of infrastructural projects such as the Obiafu/Obrikom/Oben (OB3) and Ajaokuta-Kaduna-Kano (AKK) pipelines, designed to bolster the nation’s gas supply network.

Internationally, Kyari mentioned NNPC Ltd.’s endeavors to expand gas supply through projects like the NLNG Train 7, with plans underway for Train 8 and other floating LNG initiatives.

Kyari called for support in leveraging Nigeria’s abundant gas resources for economic prosperity, stressing the importance of closing access gaps in electricity and clean cooking fuel. He assured stakeholders and investors of President Bola Ahmed Tinubu’s commitment to the gas revolution.

Also speaking at the event, Engr. Salahuddeen Tahir, Chairperson of the Society of Petroleum Engineers (SPE) Nigeria Council, highlighted the crucial role of energy in modern society, advocating for a diversified and sustainable energy transportation system to mitigate climate change and enhance energy security.

The 24th edition of the Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum (SPE OLEF) commemorates Nigeria’s first commercial oil discovery in 1956, serving as a platform for policy development within the nation’s oil and gas industry.

 

 

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