Sylva: Petroleum Minister expresses confidence in Buhari’s mandate for gas sector

Sylva: Petroleum Minister expresses confidence in Buhari’s mandate for gas sector

Chief Timipre Sylva, Minister of State for Petroleum Resources, has stated that President Muhammadu Buhari has the political will to ensure that Nigeria becomes a gas nation with its huge deposit of gas.

Sylva disclosed this at the Pre-summit conference of the Decade of Gas, in Abuja, on Monday, Monday, March 29.

He said that President Muhammadu Buhari’s administration would ensure that the country’s vast natural gas resources is taken advantage of to encourage industrialisation.

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If you remember, the economic plan of this administration revolves around utilisation of natural gas.

“The four key areas are, Energy Security, Transportation, Manufacturing and Industrialisation.

”The common denominator is the natural gas, as it is the major fuel to power generation, transportation and key ingredients for manufacturing fertilizer for agriculture.

“I can assure you that President Muhammadu Buhari has the political will to surmount the challenges to continue on the pursuit to transform Nigeria as a gas nation,” he said

According to Sylva, natural gas is also needed in the petrochemicals for manufacturing; adding that it is no longer acceptable that in spite of the huge deposit of gas; the gap in power supply as well as demand is still huge in the country.

“We must deal with energy poverty in this country.

“We must find a way to unlock the natural gas potential of this nation; and drag over 120 million of our people out of energy poverty,” he added.

He said that the aim of summit was to achieve a robust roadmap that would drive the utilisation of gas in country; using it for economic growth and development.

In his remarks, the Group Managing Director of the Nigerian National Petroleum Corporations ( NNPC) Malam Mele Kyari, said the Pre-Summit Conference is coming at the most crucial time, as the world transits to cleaner energy.

He also said that Nigeria was set to play strategic role in this New World Energy Order.

“Technology and Innovation is facilitating a new energy transition aimed at de-carbonsing the world and safeguarding the climate.

“But renewable energy sources of solar and wind, a key component of the new energy mix are influenced by seasons; and are non-transportable to demand centres that are short of wind or sun.

“A transition fuel is therefore necessary and clearly unavoidable,” he said.

He also added that Nigeria under the visionary leadership of President Buhari had committed huge resources; to ensure that domestic gas infrastructure reach every corner of the country, especially to deepen natural gas utilisation.

 

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