Nigeria’s gas reserve targets industrialisation

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The Nigerian National Petroleum Company (NNPC) Ltd has reiterated its commitment towards utilising Nigeria’s abundant gas resources

The Nigerian National Petroleum Company Ltd has reiterated its commitment towards utilising Nigeria’s abundant gas resources to trigger Nigeria’s industrialisation and economic development.The Nigerian National Petroleum Company Ltd has reiterated its commitment towards utilising Nigeria’s abundant gas resources to trigger Nigeria’s industrialisation and economic development.

“Our focus is how to move from predominantly oil player to gas player and not just for gas for the sake of gas, but gas for power generation, and industrialisation, “she stated. On energy transition, Eyesan said the subject had evolved over the years, adding that for Sub-Saharan Africa, the narrative has been on how to address the energy poverty issue while for Nigeria, the NNPC Ltd. will look at areas where it has competitive advantage to define the strategy.

He said with the coming of the Petroleum Industry Act in 2021, NNPC Ltd has today transformed into an integrated commercial entity that is focused on transparency and accountability, two core values that are vital towards the company’s quest to float an Initial Public Offer at the stock exchange.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.

The Economic and Financial Crimes Commission, and the Nigeria Deposit Insurance Corporation, have strengthened collaboration to promote transparency in the banking sector. The Amalgamated Union of App-Based Transporters of Nigeria , Lagos State Council has raised the alarm over the impoundment of vehicles and arrest of their members operating with ehailing services firm, Uber, by the state's Ministry of Transportation .

Source: News Formal (newsformal.com)

 

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