Thursday, 10 June 2021 05:16

Nigeria Should Stop Relying On Oil – NLNG Boss

The Managing Director of Nigeria Liquefied Petroleum Gas Limited, Tony Attah, has emphasised the need for Nigeria to consider discontinuing reliance on oil to power its economy. 

Attah, who gave the advice at a CEO round table forum during the ongoing Nigeria International Petroleum Summit(NIPS),in Abuja hinged his advocacy on the abundance deposit of gas which has actually posit Nigeria as a gas nation. 

He told the audience that with 203trillion cubic feet of proven gas reserve and another 600 trillion cubic feet of potential gas, Nigeria is set to occupy enviable position among the countries with huge deposit of the natural resources. 

According to him, the abundance of gas in Nigeria could also be exploited to march the nation along the growing global demand for energy transition as well as be employed to change the economic narrative of the country. 

He said gas is the future, adding that Nigeria should not hesitate to maximize its potential to add value to the lives of the citizens. 

He said his company is desirous of building a better and ambitious Nigeria with consumption of clean, cheaper and sustainable energy which would retune the environment as well add value to the economy. 

He disclosed that his company’s intervention leapfrogged the consumption of Liquefied Petroleum Gas from worrying percentage to 370,000 metric tonnes of the product last year. 

He also disclosed that the company target this year was to increase the consumption of cooking gas to 450,000 metric tonnes next year, as well as contributes immensely in turning Nigeria to a clean and affordable energy consuming country in future. 

Micheal Sangster, Managing Director of Total Energie, while speaking, said the company has keyed into energy transition following its recent name change and designing of operational roadmap, adding that it would and robust ideas to change enercontinue to deploy innovation gy landscape in Nigeria. 

He expressed that since the Local Content Act was signed into law, there has been exponential growth in the local content development in the country’s oil and gas sector 

He emphasised that the need for the local content development to be driven by transparency, focus and measured responsibility with a view to giving room for value addition in the country’s hydrocarbon industry. 

He disclosed that his company has done well in local content through project award and execution, adding that it would continue to deepen its interest in promotion of local content in line with its aspiration to contribute immeasurably to the nation’s oil and gas sector. 

Osagie Okunbor, Managing Director of Shell Petroleum Development Company(SPDC), in his contribution, said Nigeria was not short of reserves, but the challenges lie on producing the reserves. 

He, however, advocated the need for the provision of critical infrastructure, collaboration and adherence to the sanctity of contract in the nation’s energy mix.

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