Nigeria can leverage its gas reserves to drive industrial development – Mele Kyari

Onwubuke Melvin
Onwubuke Melvin

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari has said that gas has a vital role to play in driving economic growth and industrial revolution in Nigeria.

This was disclosed in a statement signed by the Chief Corporate Communications Officer of NNPCL, Olufemi Soneye on Wednesday on via NNPCL’s official X handle.

Kyari, who was speaking at the public presentation of the book “The Rise of Gas: From Gaslink to the Decade of Gas” authored by Engr. Charles A. Osezua highlighted gas’ global acceptance as a crucial energy source that sustains economic growth and drives industrial activities.

Kyari represented by NNPC Ltd.’s Head of Relationship and Stakeholder Management, Mrs. Oluwakemi Olumuyiwa, at the public presentation of the book “The Rise of Gas: From Gaslink to the Decade of Gas” authored by Engr. Charles A. Osezua, stressed that natural gas is key to Nigeria’s economic and industrial progress.

He said, “The GCEO underscored the significance of prioritising natural gas production and supply, particularly in the context of geopolitical dynamics and energy security in the global economy.

“With Nigeria boasting substantial gas reserves exceeding 200 trillion cubic feet (Tcf) and the potential to reach 600 Tcf, the GCEO said it is pertinent that Nigeria leverages the gas resource for sustainable development, energy security, and job creation.

“He noted that the book aligns with the Federal Government’s “Decade of Gas” initiative, aimed at optimising Nigeria’s abundant gas reserves for both domestic consumption and international export.

Kyari added that, as a key stakeholder, NNPC Ltd. has played a leading role in advancing the “Decade of Gas” agenda through strategic investments in critical gas infrastructure such as pipelines and processing facilities.

Recall that President Bola Tinubu had recently signed new executive orders aimed at boosting the investment landscape and establishing Nigeria as the top choice for investments in the oil and gas industry across Africa.

NNPCL also negotiated a deal with a South Korean consortium led by Daewoo E & C to develop gas projects in Nigeria.

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