Natural Gas Is Vital To Boosting Economic Growth - NNPCL

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr Mele Kyari, has explained the significance role of natural gas in fuelling economic growth and industrial development.

Kyari disclosed this on Wednesday at the public presentation of a book, ‘The Rise of Gas: From Gaslink to the Decade of Gas’, authored by Charles Osezua.

The GCEO explained the gas’ global acceptance as a crucial energy source that sustains economic growth and drives industrial activities.

Represented by the company’s Head of Relationship and Stakeholder Management, Mrs Oluwakemi Olumuyiwa, Kyari further stated the importance of documenting Nigeria’s gas sector.

According to a statement by the NNPCL spokesperson, Olufemi Soneye, said on Wednesday, “With Nigeria boasting substantial gas reserves exceeding 200 trillion cubic feet 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."

Kyari noted that the book aligns with the Federal Government’s ‘Decade of Gas’ initiative, which he said was aimed at optimising Nigeria’s abundant gas reserves for both domestic consumption and international export.

In his remarks, the author, Osezua, who described the unveiling of book as his significant contribution to Nigeria’s energy literature, applauded the NNPCL for its support towards the book launch.

Similarly, the Chairman of the Impact Investors Foundation and former Group Executive Director of NNPCL, Afolabi Oladele, also applauded the book for its comprehensive insights into the gas value chain, saying it will be relevant to policymakers amid the global energy transition.

Nigeria has adopted gas as its transition fuel as President Bola Tinubu strives to make compressed natural gas available to all Nigerians in place of petrol.