Oil minister says NLNG key partner in Nigeria’s energy transition journey, declares 5th Nigeria International Energy Summit open
Nigeria has declared investment of $50 million for clean energy initiatives including the 20 million cylinders injection scheme.
Platforms Africa reports that President Muhammadu Buhari represented by the Minister of state for Petroleum Resources, Timipre Sylva, said this while declaring the 5th Nigeria International Energy Summit (N.I.E.S) open at the Banquet hall of the State House, Abuja, Nigeria’s commercial capital.
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Stating that Nigeria is committed to the net zero emission, the country leader stated that the Africa’s biggest oil exporter has set up different schemes to meet the target.
Platforms Africa exclusively reports that the $50 million funding was majorly secured from the Afrexim bank.
Africa, according to Buhari, is bedevilled with energy poverty.
“In Nigeria, we have declared gas as a transition fuel. We have also declared a decade of gas, and thankfully, our dependable parrner, Nigeria Liquefied Natural Gas (NLNG), has not backed out, they have matched on in supporting our mission.
“Thank you, NLNG,” Mr. Sylva, who also read a speach as the Minister of state for Petroleum Resources, said.
“We are investing in 20 million cylinders injection scheme. The scheme will see us distribute cylinders in 5 pilot states.
“This $50 million fund for this cleaner energy initiative is in partnerships with afrexim bank,” he confirmed Platforms Afruca’s exclusive reporr on $50 million cylinders injection scheme.
