- NNPC disclosed its willingness to invest in the proposed African Energy Bank.
- The completion of the Obiafu-Obrikom-Oben Pipeline is in sight as the tunnelling across the River Niger is currently ongoing.
Nigerian National Petroleum Company Limited (NNPC) Limited has promised to resolve energy scarcity in Nigeria within the next ten years. The Group Chief Executive Officer of NNPCL, Mele Kyari, stated this on Tuesday during the seventh Nigerian International Energy Summit in Abuja.
In a statement signed by Olufemi Soneye, Chief Corporate Communication Officer of NNPCL, Kyari expressed commitment to working closely with stakeholders to tackle the energy shortage and promote prosperity for the people of Nigeria.
According to the statement, he assured stakeholders of “the company’s commitment to work with them to close the energy deficit gap and create prosperity for Nigerians. From all indications, all energy scarcity issues in the country would be over in the next ten years.”
Kyari disclosed the firm’s willingness to invest in the proposed African Energy Bank to ensure sustainable funding for energy projects in Africa to guarantee energy security.
He further revealed that to improve investment in energy infrastructure to drive energy security, the company was working on completing the Obiafu-Obrikom-Oben Pipeline as the tunnelling across the River Niger was currently ongoing.
Furthermore, the NNPCL boss noted that NNPCL is the largest partner to all the oil-producing companies in Nigeria, assuring that its role in divesting the international oil companies from onshore and shallow water assets in the country was that of a facilitator and not an obstacle.
According to Kyari, by its statutory mandate as the enabler of national energy security, NNPCL’s role is to ensure optimal and sustainable production from the divested assets to guarantee energy security for the benefit of Nigerians.