Mkpoikana Udoma
Port Harcourt — Renaissance Africa Energy Company of Nigeria, RAEC, has reiterated its dedication to advancing Nigeria’s oil and gas industry.
The company made this known during a visit by its management team to the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, in Abuja.
Speaking on behalf of the company, the Managing Director, Mr. Tony Attah said, “Renaissance aims to drive production growth and leverage gas for industrialization. Export alone cannot industrialise Nigeria; we must deepen domestic gas utilisation.”
Attah also highlighted key sector challenges, including infrastructure gaps, financing constraints, and pricing hurdles.
Despite these obstacles, he reaffirmed the company’s strategy to boost domestic gas supply and eliminate gas flaring through strategic partnerships.
The visit signals Renaissance Africa’s intent to play a central role in Nigeria’s energy transition and industrialization agenda, while reinforcing the government’s focus on a stable regulatory environment to attract investment.
“By increasing domestic gas utilisation and tackling environmental inefficiencies, we aim to create a sustainable impact for the economy and communities alike,” Attah added.
Responding, the Chief Executive of NMDPRA, Engr. Saidu Mohammed, underscored the importance of regulatory stability in attracting investment and promoting sector growth.
“Strong Nigerian management and robust operations in the midstream space are key drivers for confidence in the market,” the CEO stated, commending Renaissance Africa’s commitment.
The engagement, SweetCrude Reports noted, is crucial in aligning regulatory oversight with private sector investment, particularly in the midstream gas infrastructure space, which is critical for Nigeria’s energy security and industrial growth.
