The Nigerian National Petroleum Company Limited (NNPC Ltd.) is doubling down on its commitment to tackle Nigeria’s energy challenges, addressing energy security, sustainability, and affordability, Group CEO Mele Kyari announced on Monday.
Speaking at the 42nd Annual International Conference of the Nigeria Association of Petroleum Explorationists (NAPE) in Lagos, Kyari outlined key initiatives aimed at transforming the nation’s energy landscape.
As the Special Guest of Honour at the event themed, “Resolving the Nigeria Energy Trilemma: Energy Security, Sustainable Growth, and Affordability,” Kyari unveiled NNPC’s strategic roadmap to ensure Nigeria’s energy stability.
Among the immediate plans is the development of 12 Compressed Natural Gas (CNG) mother stations and Mini Liquefied Natural Gas (LNG) plants to enhance gas supply within the domestic market.
This expansion will add to NNPC Ltd.’s current supply of over 1.6 billion standard cubic feet (bscf) of gas per day.
“The energy trilemma is a profound responsibility we shoulder as stewards of Nigeria’s energy future,” said Kyari, emphasizing NNPC’s dedication to enhancing the supply chain, expanding refining capabilities, and growing its retail network.
Kyari highlighted the company’s partnerships with private refineries, such as the Dangote Refinery where NNPC Ltd. holds an investment, to strengthen Nigeria’s local refining capacity. These collaborations, along with initiatives like the Naira-for-crude transactions, aim to stabilize the local currency and reduce foreign exchange pressures.
Expanding on infrastructure, Kyari pointed to ongoing projects such as the Ajaokuta-Kaduna-Kano (AKK) and Obiafu-Obrikom-Oben (OB3) gas pipelines, which will contribute to an efficient gas distribution network across the country.
Additionally, NNPC Ltd. is set to roll out CNG mother stations, mini-LNG plants, and more CNG daughter stations within the next three to six months, he disclosed.
Kyari also lauded President Bola Tinubu’s economic policies, especially those aimed at easing forex challenges and reducing dependency on imported fuel.
“Resolving the energy trilemma requires bold ideas, shared knowledge, and collective determination,” Kyari remarked, encouraging innovation and collaboration within the energy sector.
Responding to recent allegations that NNPC Ltd. has obstructed local refinery efforts, Kyari emphasized the company’s strategic investments in domestic refineries, stating these are critical moves toward ensuring energy reliability and supporting Nigeria’s Petroleum Industry Act mandate for national energy security.
In closing, Kyari reiterated NNPC Ltd.’s mission to deliver a Nigeria where energy is secure, sustainable, and accessible for all citizens.
“Together, let us build a Nigeria where energy is secure, sustainable, and affordable for all,” he said.