While speaking at the opening of the African Petroleum Congress and Exhibition (CAPE VI) organized by the African Petroleum Producers Association (APPA) yesterday in Abuja, President Muhammadu Buhari, who spoke through Vice President Yemi Osinbajo indicated the necessity for African nations to collaborate on gas and alternative clean energy given the current low oil price environment, The Guardian reports.
He said; “The issue of the development of a robust gas infrastructure must be jointly addressed. Currently Nigeria has the 7th largest gas deposit in the world and the highest quality rich in liquids and low in Sulfur. Reserves are put at over 185 Trillion Cubic Feet (TCF) and undiscovered reserves estimated at 400 TCF with a capacity to peak to 600 TCF. The Nigeria Gas Master Plan and the Gas-to-Power-Initiative clearly exemplifies the focus of our nation. I invite all APPA member countries to enter into profitable partnerships in natural gas business with Nigeria.”
He also hinted that Nigeria would continue to pursue focused renewable energy initiatives through prudent management of resources under a bio-fuel programme for the production of fuel-ethanol and bio-diesel. “The resulting ‘Green Gasoline’ will reduce the volume of carbon dioxide released into the atmosphere, improve air quality and ultimately reduce global warming and its catastrophic consequences. This renewable energy initiative will not only help the Nigerian economy but will also assist other APPA Countries to create jobs,” he said.