NIGERIA’S ENERGY TRANSITION PUTS NNPC FUTURE IN FOCUS

Transcription:

00:00
Nigeria still depends heavily on oil and gas for energy supply, industry and public revenue.

00:07
But changes in global energy markets are prompting the country to rethink how to secure its energy supply and sustain its economy.

00:15
This shift is at the centre of discussions at this forum, where experts are examining how Nigeria can ensure energy security without losing sight of its long-term energy transition goals.

00:26
Nicolas Lippolis, Executive Director of CEFD: “When we talk about NNPC and the energy transition, we’re not talking about a revolution, nor are we talking about NNPC leading the process. But we need to understand, in this context, what its role is and what it could be.”

00:39
Olusola Omoju, Executive Director of ISDRC: “We aim to present the options available to NNPC and their potential economic implications.”

00:48
A new report by the Natural Resource Governance Institute (NRGI) says Nigeria needs to reassess its gas ambitions, setting more realistic targets and improving the management of investment and energy transition risks.

01:01
Tengi George-Ikoli, NRGI’s Country Manager for Nigeria: “A transition that does not include NNPC is unlikely to succeed. That is why we have brought together different stakeholders today to discuss what NNPC’s pathway and approach should be.”

01:17
The report also recommends increasing investment in solar energy and other areas beyond hydrocarbons, aligning the Decade of Gas with Nigeria’s broader energy transition plan and long-term economic strategy.