Energy Security Lecture at OAU
Mele Kyari, NNPC CEO, delivered a compelling lecture at Obafemi Awolowo University (OAU) on “Energy Security, Sustainability and Profitability in Nigeria.” The event shed light on crucial aspects of the nation’s energy landscape.
Academic-Industry Synergy for Energy Challenges
Kyari emphasized the pivotal role academic communities, including institutions like OAU, play in safeguarding national energy security through collaborative research with the industry. He highlighted challenges hindering energy security, such as rapid population growth, pipeline vandalism, and crude oil theft.
Strategies for Energy Efficiency
Addressing challenges, Kyari outlined key strategies, including energy conservation, diversification, and efficiency measures. He stressed the importance of finding sustainable solutions to ensure energy security for present and future generations.
Future Focus and NNPC’s Commercial Role
The NNPC CEO projected a doubling of Nigeria’s energy demand by 2050 due to intensified competition for resources and urbanization. He hinted at NNPC Ltd.’s strategic shift, focusing on increased products trucking and storage. Kyari also emphasized NNPC Ltd.’s expanded retail assets, making it a key player in sub-Saharan Africa.
Transformative Steps for Profitability
Highlighting NNPC Limited’s transformation into a fully commercial energy company, Kyari discussed the removal of fuel subsidies. This move allowed NNPC Ltd. to play a more active commercial role, ensuring profitability and delivering greater value to Nigeria’s growing population.
Source：theeagleonline.com.ng
