2 Mr Roger Brown, the Chief Executive Officer Seplat Energy Plc, made this known while delivering a keynote address at the 2022 Society of Petroleum Engineers (SPE) Nigeria Annual International Conference and Exhibition (NAICE) in Lagos.
3 The News Agency of Nigeria reports that the topic of the panel session was: “Operationalising a Clean Energy Transition for Sustainable Development in Africa.
5 He said Nigeria in particular had a strong potential for growth and that energy transition was an opportunity to create a sustainable future for the country.
6 According to him, Nigeria’s population is projected to hit 329 million by 2040 with an electricity demand of 240TWh.
Brown said there was the need for investment in gas and renewables such as hydro, solar and wind which would play key roles in Nigeria’s industrialisation in the near future.
7 He said: “The greatest business opportunity ahead of us is to supply the right mix of energy to support Nigeria’s growth.
Brown said Seplat was in support of the Federal Government’s decision to make gas Nigeria’s energy transition fuel and would continue to make investments toward the development and utilisation of the country’s abundant gas resources.
12 Brown said the project, when completed would provide gas to boost the much-needed supply of power to millions of homes and businesses across Nigeria to facilitate better standard of living and drive economic growth.
13 Earlier, Prof. Olalekan Olafuyi, Chairman, SPE Nigeria Council, urged African countries to priotise reduction of energy poverty in the continent while also working on decarbonising the energy system.
Olafuyi said that the continent’s contribution to global carbon emission was relatively low.
He added that there was the need to utilise its huge hydrocarbon resources for industrialisation and human capital development.