25.2 C
Thursday, June 13, 2024

Conference to address energy transition challenges – NNPC

The Nigerian National Petroleum Corporation (NNPC) has expressed optimism that the country will soon find a solution to the challenges of energy transition in the country.

Mr Adokiye Tombomieye

Chief Operating Officer (COO), Upstream, NNPC, Mr Adokiye Tombomieye, said this on the sidelines of the ongoing Nigeria Oil and Gas (NOG) Conference in Abuja.

Tombomieye said government and stakeholders in the oil and gas industry had intensified effort to find solution on how the country would move from transit fuel to other areas that were of lower carbon credit.

“The expectation on this conference is that we need to know where the challenges are because currently, we are having challenges in terms of energy transition.

“So, what do we do beyond now moving from transit fuel to other areas that are of lower carbon credit.

“To this end, our expectation is that Nigerians should fully participate in all the aspect of the oil and gas industry and add value not just to the Nigerian economy but economy all over the world.

”Speaking at the same forum, Mr Patrick Obah, Director, Planning, Research and Statistics, Nigerian Content Development and Monitoring Board (NCDMB), said government was undeterred to promote local content practice in the oil and gas industry even in difficult circumstances.

Obah noted that efforts had been made by the board tobring succour to local companies that needed financial support to deliver services to their clients.

He explained that, among other things, the succour provided veritable avenue for the companies to make policy inputs in Federal Government’s realisation of gas utilisation in Nigeria.

“Our strategy is to ensure that COVID-19 did not slow down the growth of local content in Nigeria.

“The NCDMB’s 10-year strategic roadmap is targeted at increasing the local content values at 70 per cent within 10 years from 2017.

“We are creating 300,000 jobs to push the effect of COVID-19 behind us and retain $14 million out of the annual $20 million fund.

“This is to increase activities in the manufacturing and marine industry production and so on by 2027,” Obah said.

He added that NCDMB had a role of impacting on gas value chain working-group and made them to understand the importance of gas to be utilised in the industralisation process in the country.

“We impacted on them the role of gas in the development of our key sectors and support to economic development,” he added.

By Edith Ike-Eboh

Latest news

- Advertisement -
- Advertisement -

You might also likeRELATED
Recommended to you