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NNPC Group CEO Reiterates Role of Gas in Driving Economic Growth, Industrial Development

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Mr. Mele Kyari, has reiterated the pivotal role of natural gas in fueling economic growth and industrial development in Nigeria.

This was made known in a statement issued by the Chief Corporate Communications Officer of NNPC, Olufemi Soneye on Wednesday.

According to the statement, Mr. Kyari while speaking at a 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.

The GCEO who was represented by NNPC Ltd.’s Head of Relationship and Stakeholder Management, Mrs. Oluwakemi Olumuyiwa, also emphasised the significance of documenting Nigeria’s gas sector.

Mr. Kyari stressed the importance of prioritising natural gas production and supply, especially 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 explained 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.

He added: “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.”

In his remarks, the author, Engr. Charles Osezua, described the unveiling of “The Rise of Gas” as his contribution to Nigeria’s energy literature.

Engr. Osezua expressed gratitude to the NNPC Ltd. for its support towards the book launch.

He stated that NNPC Ltd.’s participation at the occasion underscores the company’s commitment to fostering knowledge sharing and innovation within the gas industry.

Chairman of the Impact Investors Foundation and former Group Executive Director of NNPC, Engr. Afolabi Oladele who also spoke at the event lauded the book for its comprehensive insights into the gas value chain.

He disclosed that the aforementioned will be relevant to policymakers and the global energy transition.

 

Hope Ejairu

Hope Ejairu is a writer, sports analyst and journalist, with publications on print and digital media. He holds certifications in various media/journalism trainings, including AFP.

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