• Nigeria, U.S seal $1.1m IPP deal
TheGroup Managing director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, on Tuesday lamented that electricity remains a luxury and exclusive reserve of the rich.
The state-run oil firm chief said many Nigerians were still struggling to afford a day’s meal let alone electricity.
THE Group Managing director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, on Tuesday lamented that electricity remains a luxury and exclusive reserve of the rich.
The state-run oil firm chief said many Nigerians were still struggling to afford a day’s meal let alone electricity.
“We have to resolve the issue of electricity so that we can talk about renewable energy in the future and reduce the use of fossil fuel that has a high impact on the environment. We know that there is an energy transition in the world. With time, there will be less dependence on fossil fuel,”Kyari said.
Kyari also said gas remains the cheapest source of power, and that efforts must be made to stop flaring it in the country.
“We have gas in abundance, we must create infrastructure that will help create gas for power generation.
“We need power to create jobs and we must create prosperity, so that we can have peace in our country.
“We are grateful for this grant,” he said.
USTDA Director, Thomas Hardy, said the grant was another demonstration of the U.S’ commitment to ensuring infrastructural development across the globe.
He said the grant would be used for feasibility study of the IPP and other infrastructure development projects in the energy sector.