Business

Kyari Emphasises Role of Gas In Driving Economic Growth

 

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has reiterated the crucial role of natural gas in fuelling economic growth and industrial development in Nigeria.

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

Represented by NNPCL’s Head of Relationship and Stakeholder Management, Oluwakemi Olumuyiwa, the Kyari also emphasised the importance of documenting Nigeria’s gas sector.

READ ALSO: Bridging Energy Access Gap Vital For Nigeria’s Economic Growth- NNPCL

He 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 a potential to reach 600 Tcf, the NNPCL GCEO said it is pertinent 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, NNPCL 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.

In his remarks, the author, Charles Osezua, who described the unveiling of “The Rise of Gas” as his significant contribution to Nigeria’s energy literature, expressed gratitude to the NNPCL for its support towards the book launch.

Osezua said NNPCL’s participation at the occasion underscores the company’s commitment to fostering knowledge sharing and innovation within the gas industry.

Also speaking, Chairman of the Impact Investors Foundation and former Group Executive Director of NNPC, Afolabi Oladele, lauded the book for its comprehensive insights into the gas value chain, saying it will be relevant to policymakers amid the global energy transition.

Opeoluwani Akintayo

Disqus Comments Loading...

Recent Posts

Judge Holds Trump In Contempt For Gag Order Violations

The judge also warned the former president that he could be sent to jail if…

1 hour ago

UPDATED: FG Declares May 1st Public Holiday To Mark Workers’ Day

This year's Workers' Day celebration comes in the face of rising inflation and biting fuel…

1 hour ago

EFCC Arraigns Kwara’s Ex-Finance Commissioner For N1.22bn Fraud

At the resumed sitting on Monday, the two defendants - Abdulfatah Ahmed and Ademola Banu,…

2 hours ago

Court Adjourns Ruling On Miyetti Allah Leader’s Bail Application

Bodejo, who was accused of unlawfully establishing an ethnic militia group to promote terrorism, has…

2 hours ago

Suspend Implementation Of New Tariff, Reps Tell NERC

The Minister of Power, Adebayo Adelabu, said any customer on Band A who is not…

3 hours ago

Heated Argument In Senate Over Sitting Arrangement

Shortly after the regular announcements by the President of the Senate, Godswill Akpabio, a heated…

3 hours ago