Nigeria has over 1.7 billion litres of petrol to prevent fuel scarcity – Mele Kyari
The Nigerian National Petroleum Corporation (NNPCgroup )’s managing director, Mele Kyari, has assured Nigerians that the supply of petroleum products will not be disrupted.
Kyari stated this on Tuesday in Lagos at the National Association of Energy Correspondents of Nigeria’s strategic conference titled “Petroleum Industry Act: Energy Transition and the Future of Nigeria’s Oil and Gas” (NAEC).
According to him, the country has more than 1.7 billion litres of gasoline.
“As we speak, the media is reporting on a fuel shortage, but we have over 1.7 billion litres of Premium Motor Spirit in the country,” Kyari said.
“We have another 2.3 billion litres on the way, so there is no supply shortage as has been suggested.”
“Of course, some depots have price issues, but the government has no plans to change the pricing structure.”
Despite the global push for energy transition, the GMD explained why Nigeria is demanding energy justice at the ongoing United Nations Climate Change Conference (COP26).
The COP26, he said, emphasizes the challenges Nigeria and other African countries face in the global energy transition.
President Muhammadu Buhari had demanded energy justice for Africa in his speech before world leaders, as well as the need to exploit available resources as a means of achieving the net-zero carbon goal by 2050.
The NNPC boss went on to say that, despite Africa accounting for only about 3% of global carbon emissions, the continent still had a responsibility to join the rest of the world in combating climate change.
According to him, Nigeria has identified its abundant gas resources as the fuel for an energy transition, prompting the government to declare the decade of gas from 2021 to 2030.
“We’re making good progress on the PIA implementation, which is clearly laying the groundwork for transition,” Kyari said.
“Without adequate infrastructure to transport the resources to where they will be used, we will not be able to achieve this feat, which is why we are investing heavily in massive gas infrastructure.”
He mentioned the Obiafu-Obrikon-Oben (OB3) and Ajaokuta-Kaduna-Kano pipelines as projects that would help the country use gas more effectively.
Simbi Wabote, executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), also spoke at the event, saying that the passage of the PIA has opened up a plethora of opportunities for the industry.
Wabote, who was represented by NCDMB director of monitoring and evaluation Tunde Adelana, said that the implementation of PIA would help local content development and have an impact on host communities.