Minister of State for Petroleum Resources, Chief Timipre Sylva recently revealed this to the press, and Nigerians have been reacting.
According to him, energy is the basic resource for national socio-economic development that must be secured at all times, so FG is doing everything to make that guaranteed in the nearest future.
FG added that as a result of its rising impact on national security and economy, the need to safeguard energy and ensure availability, reliability and affordability is clear.
His words, “Energy is the basic resource for national socio-economic development and it must be secured at all times.”
“As a result of its rising impact on national security and economy, the need to safeguard energy and ensure availability, reliability and affordability has made energy diplomacy an essential part of every country’s foreign cooperation.”
“It is important to stress that Nigeria’s vehicle of choice on the energy transition journey is natural gas. Much has been done towards harnessing this huge potential to provide the energy needed for our growing population in terms of power generation, transport, feedstock for industries and clean cooking solutions.”
“It is disheartening that Nigeria is still energy-poor despite our enormous energy resources, which include over 200TCF of proven natural gas reserve with a potential upside of up to 600TCF.”
“Majority of our people still lack access to reliable electricity and clean cooking fuels, and our pursuit is to significantly reduce this menace, with the hope of ending energy poverty in the country soonest.”
“We have rolled out the Autogas scheme with the aim of displacing PMS with CNG and LPG. This will reduce PMS use and minimize CO2 emissions.”
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