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Nigeria National Petroleum Plans to End Fuel Scarcity in 10 Years

Nigeria National Petroleum Plans to End Fuel Scarcity in 10 Years

The Nigerian National Petroleum Company Limited (NNPCL) has assured that the country’s energy shortage will be over in the next 10 years.

Mele Kyari, the Group Chief Executive Officer of NNPCL, made this announcement on Tuesday during the seventh edition of the Nigerian International Energy Summit in Abuja.

According to a statement from Olufemi Soneye, the Chief Corporate Communications Officer of NNPCL, Kyari stressed the company’s dedication to collaborating with stakeholders to address the energy deficit and create prosperity for Nigerians.

“He assured stakeholders of the company’s commitment to work with them to close the energy deficit gap and create prosperity for Nigerians, adding that from all indications, all issues of energy scarcity in the country would be over in the next 10 years,”

“He explained that by virtue of its statutory mandate as the enabler of national energy security, NNPC Ltd.’s role is to ensure that, at the end of the day, there is optimal and sustainable production from the divested assets to guarantee energy security for the benefit of Nigerians.”

Kyari also disclosed the company’s willingness to invest in the proposed African Energy Bank as a way of ensuring sustainable funding for energy projects in Africa to guarantee energy security.

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“On investment in energy infrastructure to drive energy security, the GCEO further disclosed that the completion of the Obiafu-Obrikom-Oben Pipeline was in sight as the tunnelling across the river Niger was currently ongoing,” the statement added.

Kyari described the NNPCL as the largest partner to all the oil-producing companies in Nigeria, assuring that its role in the divestment of the international oil companies from onshore and shallow water assets in the country was that of a facilitator and not an obstacle.

Business Insider

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