Kyari: $10bn Infrastructural Investment Ongoing in Energy Sector

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•Says 60% of Nigerians without access to electricity By Emmanuel Addeh The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said that there is at leas…

The Group Managing Director, Nigerian National Petroleum Corporation , Mallam Mele Kyari, has said that there is at least $10 billion worth of investments currently ongoing in the energy sector in a bid to delist Nigeria from one of the most energy impoverished nations in the world.

He said: “We are not a petroleum country in the real sense. It’s agreed that we have the 10th largest reserve of oil and a significant gas reserves. Of course, what everybody recognises is the oil. The reality today is that we have a country in excess of 200 million people. Seventy per cent of this population is well below 30, with a growing middle class and one of the fastest-growing economies in Africa.

According to him, Nigeria as a country is currently in transition and not necessarily in energy transition, adding that the country is not oblivious to the changes in the global oil and gas sector. He said the federal government’s recent plan aimed at deepening domestic gas consumption, led to the advent of Compressed Natural Gas and Liquefied Petroleum Gas and that it was part of the policy to deploy resources in the right places.

“So, what we see as an energy resource-based country is to utilise the available resources of today to create the enabling environment for growth and prosperity in the country and that clearly aligns with the reality on the ground.

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This is rubbish bills hit... Nobody is saying anything about this government they just keep on misusing our treasury. Someone needs to sue this government to court

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