Nigeria, Others Harnessing Gas To Boost Economy

Lopetegui

Nigeria is set to lead other African nations towards harnessing gas and other cleaner and greener energies to drive their industrialisation journey.

Nigeria as well as other African countries are  investing in gas infrastructure and promoting its utilisation, and by extension are addressing energy poverty and environmental challenges.

Nigeria:, boasting gas reserves of over 200 trillion cubic feet (TCF), recently announced plans to execute a gas strategy that will trigger the nation’s industrialisation and economic growth. The Nigerian National Petroleum Company Limited (NNPCL)’s executive vice president for Upstream, Oritsemeyiwa Eyesan, shared the organisation’s plans to deepen domestic gas utilisation for power generation in a bid to support the manufacturing sector.

To transform the energy sector in West Africa, leveraging natural gas to drive economic growth and development is key and Gas for industrialisation contributes to increasing energy transition progress across the region, says Eyesan.

From revitalising key industries to fostering innovation, the strategic focus on gas underscores a commitment to propel West Africa towards a future built on energy security and economic resilience.

Through the Decade of Gas Initiative by the Nigerian government, industry leaders have continually conveyed a collaborative approach aimed at unlocking the country’s energy resources.

To drive progress in Sub-Saharan Africa’s energy market, energy stakeholders, government officials, regulators, and key industry players are convening at NOG Energy Week 2024 to deliberate on policies aimed at meeting West Africa’s energy demand.

The event, themed ‘Showcasing Opportunities. Driving Investment. Meeting Energy Demand,’ is scheduled to take place from 30 June – 4 July at the International Conference Centre (ICC), Abuja.

Speaking on what stakeholders should expect at NOG Energy Week 2024, the country director – Nigeria & Portfolio Director – Africa for dmg events, Wemimo Oyelana, said: “Our commitment for almost 25 years has been to provide a platform where industry leaders can have frank conversations that proffer solutions to the different challenges the industry is facing. NOG Energy Week has contributed significantly to key policy development & implementation over the years.

 

“We look forward to having industry stakeholders discuss pertinent issues including; Attracting International and Regional Funding Into Nigeria’s Energy Sector, Optimising the Significance of Natural Gas as the Fuel Of Choice, and Driving Industrialisation as a Catalyst for Economic Growth.”

 

The minister of Energy for Ghana, Dr. Matthew Opoku Prempeh, who recently confirmed his participation in the NOG Energy Week, amplified the need for competitive financing to propel natural gas projects.

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