Mele Kyari, Group CEO of NNPC Ltd., has reiterated the company’s commitment to resolving Nigeria’s energy debacle, ensuring energy security, sustainable growth, and energy affordability.
Kyari made this announcement in a press release on Monday, while speaking at the 42nd Nigeria Association of Petroleum Explorationists Annual International Conference, Kyari outlined NNPC’s vision for Nigeria’s energy future.
Kyari outlined the company’s vision for Nigeria’s energy future, emphasizing the need to resolve the energy trilemma; ensuring energy security, sustainable growth, and energy affordability. To achieve this, NNPC plans to deliver 12 Compressed Natural Gas (CNG) Mother Stations and Mini LNG Plants soon, boosting the existing 1.6 billion standard cubic feet of gas supply for the domestic market. This move is part of the company’s efforts to enhance domestic energy access and build a Nigeria where energy is secure, sustainable, and affordable for all.
NNPC’s strategy also includes collaboration with private refineries to ensure affordable and sustainable petroleum products supply, Naira-for-crude transactions to stabilize the local currency and regulate forex markets, and expansion of gas infrastructure, including the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and the Obiafu-Obrikom-Oben (OB3) Gas Pipelines projects.
Kyari emphasized the need for collaboration, innovation, and technology in achieving Nigeria’s energy goals. “Resolving the energy trilemma requires bold ideas, shared knowledge, and collective determination. Together, let us build a Nigeria where energy is secure, sustainable, and affordable for all.”
Regarding claims that NNPC Ltd. is sabotaging domestic refineries, Kyari clarified that NNPC Ltd. is part-owners of the Dangote Refinery, stressing that this investment strengthens domestic fuel supply. However, it’s worth noting that Dangote Refinery’s CEO, Aliko Dangote, recently revealed that NNPC no longer retains its 20% stake due to non-payment of the remaining balance. NNPC has since clarified that their current 7.2% equity stake is a strategic decision rather than a failure to meet obligations
