April 20, 2024
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OIL & GAS

NNPC Ltd. Highlights Energy Access as Key to Nigeria’s Economic Prosperity

The Nigerian National Petroleum Company Limited (NNPC Ltd.) underscores the crucial role of bridging the energy access gap in driving the economic prosperity of Nigeria.

This sentiment was expressed by Mr. Mele Kyari, the Group Chief Executive Officer of NNPC Ltd., during his keynote address at the 2024 edition of the Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum (SPE OLEF) held in Abuja.

Kyari emphasized NNPC Ltd.’s commitment to developing the necessary infrastructure to deliver oil and gas across Nigeria, with a focus on enhancing energy security and promoting economic growth.

“We are committed to developing gas infrastructure across the country,” Kyari stated, stressing that the company’s commitment was not just a statutory requirement of the Petroleum Industry Act, but a pledge to ensure energy security beyond fuel supply.

“We are dedicated to investing in critical infrastructure to enhance economic prosperity by supplying gas to the domestic market, targeting at least 8 billion cubic meters,” Kyari added.

Highlighting ongoing infrastructural projects such as the Obiafu/Obrikom/Oben (OB3) and Ajaokuta-Kaduna-Kano (AKK) pipelines, Kyari outlined NNPC Ltd.’s efforts to bolster the nation’s gas supply network.

He also discussed the company’s initiatives to expand gas supply to the international market through projects like the NLNG Train 7, Train 8, and floating LNG initiatives.

Kyari called for support in leveraging Nigeria’s abundant gas resources for economic prosperity, with assurance of President Bola Ahmed Tinubu’s commitment to the gas revolution.

Engr. Salahuddeen Tahir, Chairperson of SPE Nigeria Council, echoed the importance of energy in modern society and emphasized the need for a diversified and sustainable energy transportation system to mitigate climate change and enhance energy security.

The SPE OLEF, now in its 24th edition, aims to contribute to Nigeria’s oil and gas industry policy development in commemoration of the country’s first commercial oil discovery in 1956.

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