Wednesday, July 2, 2025
27.5 C
Lagos

NNPC Chief Emphasises Role of Gas in Driving Economic Growth, Industrial Development

 

Representative of the GCEO, NNPC Limited and Head of the Company’s Relationship and Stakeholder Management, Mrs. Oluwakemi Olumuyiwa delivers an address during the public presentation of the book “The Rise of Gas: From Gaslink to the Decade of Gas” authored by Engr. Charles Osezua in Lagos yesterday.

The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC) Mr. 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 the book “The Rise of Gas: From Gaslink to the Decade of Gas” authored by Engr. Charles A. Osezua, the GCEO highlighted gas’ global acceptance as a crucial energy source that sustains economic growth and drives industrial activities.

Represented by NNPC Limited’s Head of Relationship and Stakeholder Management, Mrs. Oluwakemi Olumuyiwa, the GCEO also emphasised the importance of documenting Nigeria’s gas sector.

The GCEO 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 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, the NNPC Limited 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, who described the unveiling of “The Rise of Gas” as his significant contribution to Nigeria’s energy literature, expressed gratitude to the NNPC for its support towards the book launch.

Osezua said NNPC’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, Engr. 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.

 

spot_img
spot_img
spot_img

Hot this week

Stanbic IBTC Bank Nigeria PMI: Output Growth Slows but Business Confidence Rises Sharply

The Nigerian private sector remained in growth territory as...

NIA: Insurance Week Designed to Boost Industry Awareness in Nigeria

Mr. Kunle Ahmed Chairman Nigerian Insurers Association (NIA) The Nigerian Insurers Association...

NAICOM Chief: The Future of Nigeria Depends on How We Manage Risks

Keynote Address by Mr. Olusegun Ayo Omosehin, Commissioner for...

SEC Canvasses Advanced Financial Inclusion by 2030

The Securities and Exchange Commission (SEC) has stressed the...

NCDMB to Champion “Nigeria First” Policy in Oil and Gas Sector

The Nigerian Content Development and Monitoring Board (NCDMB) has...

Topics

OPEC Targets 30m Barrels Per Day Production

OPEC decided to keep its output target at 30 million barrels a day Friday but left it to members to restrain their overproduction, reflecting the cartel's inability to strictly enforce its own limits in attempts to control the world supply of crude. While OPEC accounts for over a third of the world's oil, its power to determine supply and demand has been steadily eroding as outsiders capture large shares of the market. It gave up imposing quotas on individual members four years ago after these were consistently ignored.

De-Marketing: The Return of Old Demon in Banking Sector

Overview The old demon known as de-marketing has made an...

Stanbic IBTC Insurance CEO, Akinjide Orimolade to Keynote Business Journal Annual Lecture 2024

Mr. Akinjide Orimolade, Managing Director/CEO, Stanbic IBTC Insurance Limited...

Staco Insurance Denies Allegations of Market Infractions

Staco Insurance Plc has firmly denied allegations of market...

Nominations Now Open for ‘IDC CIO Excellence Awards 2018’

Global technology research and consulting firm International Data Corporation...

Ecobank, Vanguard Financial Inclusion Forum Set for Dec 8

All is set for the digital financial inclusion summit...

World Bank: Education Without Learning Threat to Development

Millions of young students in low and middle-income countries...
spot_img

Related Articles

Popular Categories

spot_imgspot_img