A Review of the Nigerian Energy Industry

Nigeria to ensure sustainable energy security

23 October 2012, Sweetcrude, Abuja –  The Nigerian Government has said it is committed to ensuring sustainable security of the energy mix to promote greenhouse energy initiative and to address the current flooding challenge that has bedeviled the country.

Speaking on the sidelines of the World Energy Forum 2012 with the theme: “A Forum for World Leaders” in Dubai, the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Andrew Yakubu said the Federal Government was keying into its abundant hydrocarbon resources to fast track socio-economic development in the country.

Yakubu said that the NNPC as a National Oil Company is determined to be part of the global noble initiative that would come up with a road map that was geared towards energy sufficiency and low carbon economy.

“The Federal Government under the dynamic leadership of President Goodluck Ebele Jonathan is focused on gas flare down which would ultimately be converted to an energy mix that would enhance development. The gas emergency initiative which is driven by the Minister of Petroleum, Mrs. Diezani Alison-Madueke has equally recorded great milestone in the area of sustainable power supply to Nigerians,” Yakubu informed.

The NNPC boss opined that in line with global initative on energy mix, the NNPC was also devising other renewable energy initiatives that would impact positively on the environment adding that energy sustainability would continue to be the hallmark of the Corporation’s operations.

He noted that as a developing nation, Nigeria would continue to key into progressive global energy initiative that would provide solutions aimed at diversifying it’s source of energy for development. He said the NNPC would continue to observe best practices in all its energy initiatives.

The World Energy Forum which is taking place for the first time outside the United Nations Headquarters in New York is under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates.He called for concerted efforts by global players for sustainable clean energy for the growth and development of the people.

The global event attracted over 80 Presidents,Prime Ministers and their representatives from different part of the globe with their resolve to provide universal cheap energy access and sustainable development with the objective of redefining progressive energy infrastructure for all.

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