Fuel shortage to end in 10 years – NNPCL

PLACE YOUR ADVERT HERE

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

Mele Kyari, the NNPCL Group Chief Executive Officer, revealed tnis at the seventh edition opening ceremony of the Nigerian International Energy Summit held in Abuja.

A statement issued by the NNPCL Chief Corporate Communications Officer, Olufemi Soneye, assured stakeholders of the company’s commitment to work with them to close the energy deficit gap and create prosperity for Nigerians.

He stated that, all issues of energy scarcity in the country will be over in the next ten years.

Kyari prescribed 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.

The NNPCL boss said, NNPCL’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 revealed 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.

“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 read.

The event was attended by stakeholders, including the Secretary-General of the Organisation of the Petroleum Exporting Countries, Haitham al-Ghais; Secretary General of the African Petroleum Producers’ Organisation; Omar Farouk Ibrahim; Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri; Minister of State for Petroleum Resources (Gas),  Ekperikpe Ekpo; and the Minister of Information and National Orientation, Mohammed Idris Malagi, who represented President Bola Tinubu.

PLACE YOUR ADVERT HERE

Popular Related

Standard Chartered, Lagos Food Bank support 300 families

Following the economical crisis and level of hardship in the country, Standard Chartered Bank in partnership with the Lagos Food Bank Initiative to sort,...

NDDC to inaugurate Edo electricity substation

An electricity injection sub-station in Amufi-Ikpoba Okha Local Government Area, Benin City, Edo State, has been completed by the Niger Delta Development Commission. Pius Ughakpoteni,...

ICAN president plans AI adoption for accountants

Davidson Alaribe, the new President of the Institute of Chartered Accountants of Nigeria, said his preparedness to champion the adoption of Artificial Intelligence for...

National anthem can’t unite a nation, Shehu Sani tells Tinubu

Shehu Sani, the former Kaduna Central Senator, has cautioned that national anthem alone cannot unite a nation, adding that it is the ideals of...

Govt palliative worsening food inflation, says Cardoso

Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has said that the high cost of foodstuff is caused by the government as...

SMEs critical for sustainable development – Lagos commissioner

Abayomi Oluyomi, the Commissioner of Finance, Lagos State, has described small and medium enterprises as a engine for development in any economy. He disclosed this...

Nigerians Urge Govt to Explain Spending on Textile Industry – NLC

The Nigeria Labour Congress (NLC) says Nigerians want the government to explain how money was spent to help the textile industry. The NLC President,...

Lagos promise to enforce monthly rental policy

Barakat Odunuga Bakare, the special Adviser to Lagos state Governor on Housing, revealed that the monthly rental scheme will be implemented before the end...

NASENI, Nasarawa to establish tractors manufacturing plant

The National Agency for Science and Engineering Infrastructure (NASENI), is set to collaborate with Nasarawa state government and Bobtrack Tractors, a division of Saint...

Government credit increases by 2% to N19.98 trillion

Government credit increased by 2.0 percent month-on-month (MoM) to N19.98 trillion in April, up from N19.58 trillion in March, according to the Central Bank...