29 C
Lagos
Thursday, October 1, 2020
- Advertisement -

Kyari Says NNPC Will Back Nigeria’s Gas Retail Strategy

Opinion

Development of Nigeria’s Digital Economy Anchored on Eight Pillars – A Speech by Isa Patanmi

I am highly delighted to launch the Digital Nigeria Portal and Mobile App as part of the implementation of our National Digital...

Why I Made TIME100 Most Influential People of 2020

Not every day do you wake up to this —honoured to be named to the 2020 Time100 from TIME. This has been...

Subsidizing the Naira Blocks Nigeria’s Economic Takeoff By Kingsley Moghalu

The Naira should be floated to find its exchange rate value on the market if Nigeria’s economy is to become productive, instead...

Africa, AfCFTA, The Private Sector and The Way Forward By Abdul Samad Rabiu

I start by congratulating African leaders on the opening of the AfCFTA secretariat last month. I believe the secretariat will further help...

The chief executive of Nigeria’s state-owned petroleum group says that the Nigerian National Petroleum Corporation (NNPC) will support the petroleum ministry’s plans to promote Compressed Natural Gas (CNG) as an alternate source of energy to power vehicles across West Africa’s biggest oil exporter.

Mele Kyari, who heads the NNPC, said that the company had adopted the gas penetration policy being promoted by the junior petroleum minister, Timipre Sylva.

Mr Sylva, who effectively runs the petroleum ministry as a Minister of State reporting to President Muhammadu Buhari has recently begun to promote the use of CNG as an alternative to petroleum, which has seen a spike in pump prices as the government moves to finally eliminate a very expensive subsidy regime.

Mr Kyari said that the NNPC is an energy company with a focus on cleaner and cheaper sources of fuel and that the corporation would work with other stakeholders in the industry to provide viable alternatives to petrol which would ultimately lead to a fall in demand for premium motor spirit and consequent price cuts.

The NNPC chief said that the corporation remained committed to transparency and that the NNPC would soon publish its 2019 Audited Financial Statements.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Business Profiles

Akeem Lawal

Mr Akeem Lawal is a pioneering member of the Interswitch management team and is the current Divisional Chief Executive officer of Payments...

Ahmed Rady

Ahmed Rady is a managing director at Alta Semper Capital. He joined Alta Semper in 2018 as a Director. He brings more...

Olufunke Aiyepola

Olufunke Aiyepola is the chief executive of UTL Trust Management Services Limited. She studied Law at the University of Ife (now Obafemi...

Edefe Ojomo

Edefe Ojomo is a lecturer in the Department of Jurisprudence and International Law at the University of Lagos, Nigeria. She has a...

Afsane Jetha

Afsane Jetha is the Managing Partner and CEO of Alta Semper Capital, which she co-founded in 2015 alongside Ronald Lauder (Chairman of...