The Nigerian National Petroleum Company Ltd, is seeking more investments as it leads energy transition to a low carbon economy.
The Group Managing Director/CEO, NNPC Ltd, Engr. Mele Kyari, stated this on Monday when he delivered a public lecture at the 30th convocation of the Federal University of Technology Minna.
In his paper titled, ‘Energy Transition and Energy Accessibility – The New Paradigm’, the helmsman of the reformed NNPC Ltd said, “Transition to low-Carbon Economy has at this point become necessary, NNPC is determined to achieve carbon neutrality using Nigeria’s abundant natural gas resources as a low carbon alternative that will help improve access to energy to power the Nigerian economy.
“Our readiness for energy transition cannot be complete without the right investment climate, capital, effective regulations, stakeholders’ commitment, stable institutions and governance, supportive infrastructure and an innovative business environment that can accommodate the anticipated changes,” Kyari noted.
He also restated the commitment of the company to drive renewable energy especially with the creation of the Renewable Energy Division.
Kyari said, “NNPC is ready to take a front seat in the global shift to renewable energy. We are taking firm position in this transition by institutionalizing the necessary enablers for success. NNPC has established a Renewable Energy Division and has completely transformed the NNPC R&D Division to NNPC Research, Technology and Innovation as part of our key initiatives to transit to Energy Company of Global Excellence.”
He then assured of partnership with the academia and renowned industry experts on productive research and innovation in the energy sector.
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