Saturday, April 26, 2025
Home Business KYARI ADVOCATES ACADEMIA-INDUSTRY COLLABORATION FOR ENERGY SUFFICIENCY, SUSTAINABILITY

KYARI ADVOCATES ACADEMIA-INDUSTRY COLLABORATION FOR ENERGY SUFFICIENCY, SUSTAINABILITY

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mele Kyari has called for collaboration between the academia and the Oil & Gas Industry towards addressing the challenges of energy sufficiency and sustainability.
In a statement signed by that Chief Corporate Communications Officer Olufemi Soneye.
Kyari made this call while speaking as a Guest Lecturer during the 2024 Faculty Lecture titled, “Energy Security, Sustainability and Profitability in Nigeria: Advances, Challenges and Opportunities,” organized by the Faculty of Science of the Obafemi Awolowo University (OAU), Ile-Ife, Osun State,
In his lecture, Kyari highlighted the important role academic communities, such as the prestigious OAU, play in safeguarding national energy security through research and collaboration with the industry.
While pointing out the challenges hindering energy security in Nigeria to include rapid population growth, pipeline vandalism, and crude oil theft, Kyari identified energy conservation, diversification, and efficiency measures as major avenues for enhancing energy security.
Addressing the projected rapid population growth, Kyari harped on the importance of finding solutions to ensure sustainable energy security for the benefit of current and future generations.
He underscored the intensified competition for vital resources and urbanization drive, which would lead to a doubling of Nigeria’s energy demand by 2050.
On the challenges posed by pipeline vandalism and crude oil theft, the GCEO observed that the issues have impacted NNPC Ltd.’s operations, stressing that the establishment of a command-and-control center has aided the detection and destruction of illegal refinery sites, removal of illegal connections, thereby addressing vandalism across operating corridors since 2021.
“The centre provides live streaming of surveillance data to security forces, contributing to the detection and destruction of over 5,686 Illegal Refinery (IR) sites and the removal of 4,480 Illegal Connections (ICs) from 2021 to the present,” the GCEO added.
Acknowledging the severity of vandalism and oil theft, Kyari hinted at a strategic shift, focusing on increased products trucking and storage in underground tankages at NNPC filling stations nationwide.
He highlighted NNPC Ltd.’s expanded retail assets, making it the largest single downstream company in sub-Saharan Africa after acquiring OVH retail stations and associated downstream infrastructure in 2021.
While underscoring NNPC Ltd.’s transformation into a fully commercial limited liability energy company following the passage of the Petroleum Industry Act in 2021, Kyari said the removal of fuel subsidies has allowed the Company to play a more active commercial role, ensuring profitability and delivering greater value to Nigeria’s growing population.
RELATED ARTICLES

VIOLATIONS: TRIBUNAL UPHOLDS FCCPC’S $220 MILLION FINE AGAINST META/WHATSAPP

The Competition and Consumer Protection Tribunal has delivered its judgment in the appeal filed by Meta Platforms Incorporated (Facebook) and WhatsApp LLC against the...

ITF ABOLISHES STARTER-PACKS FOR GRADUATES OF ARTISAN PROGRAMMES  …..AS GRADUATES OF SUPA PROGRAMME TO EARN LOCAL & INTERNATIONAL CERTIFICATION 

ITF ABOLISHES STARTER-PACKS FOR GRADUATES OF ARTISAN PROGRAMMES  .....AS GRADUATES OF SUPA PROGRAMME TO EARN LOCAL & INTERNATIONAL CERTIFICATION  The Industrial Training Fund, has taken skills...

SWEET REVOLUTION’:  CHINESE INVESTORS LAUD SUGAR MASTER PLAN, TO INVEST $1BN IN NIGERIA.

The National Sugar Development Council (NSDC) has signed a major Memorandum of Understanding (MoU) with SINOMACH, a Chinese conglomerate, for the development of a...

Most Popular

NAF 61st ANNIVERSARY CELEBRATIONS: NAF HOLDS OPEN DAY NATIONWIDE .

As part of the activities commemorating its 61st anniversary, the Nigerian Air Force (NAF) has  announce a nationwide Open Day event, inviting members of...

VIOLATIONS: TRIBUNAL UPHOLDS FCCPC’S $220 MILLION FINE AGAINST META/WHATSAPP

The Competition and Consumer Protection Tribunal has delivered its judgment in the appeal filed by Meta Platforms Incorporated (Facebook) and WhatsApp LLC against the...

RENAISSANCE AFRICA SETS TO TACKLE ENERGY POVERTY IN ACROSS NIGERIA AND AFRICA

  The Managing Director and Chief Executive Officer of Renaissance Africa Energy Company, Dr. Tony Attah has pledged the company’s commitment to fighting energy poverty...

‎MURDER: NPF COMPLETES EXTRADITION OF BENJAMIN BEST NNAYEREUGO ALIAS “KILLABOI” TO FACE CHARGES.

‎The Nigeria Police Force  says it has   completed the extradition of Benjamin Best Nnayereugo, male, widely known as “Killaboi,” from Doha, Qatar to Nigeria....

Recent Comments