LAGOS – Nigeria and other six countries will form 50 per cent of the global population without access to electricity will be concentrated by 2030, Mr. Roger Brown, Chief Executive Office, Seplat Energy,has said
He spoke at the 6th edition of the Nigeria International Energy Summit (NIES) in Abuja.
Mr. Effiong Okon, New Energy Director at Seplat Energy, who represented Mr. Roger Brown, Chief Executive Office, Seplat Energy, said at the continental level, Africa needs access to energy as five-fold increase in investment is required to reach United Nations (UN) Sustainable Development Goals (SDG) 7 by 2030.
He explained that achieving Africa’s energy and climate goals means more than doubling energy investment this decade, adding that the goal of universal access to modern energy calls for investment of USD $25 billion per year.
He added: “The opportunity is massive for our industry. With a future population of more than 2.5 billion, Africa represents a huge investment opportunity across the entire energy sector; and Seplat Energy will continue to develop Nigeria’s gas resources to accelerate the replacement of diesel and biomass and support economic growth through the supply of reliable, low cost energy.”
The conference themed, Global Perspectives For a Sustainable Energy Future, had various stakeholders in the Nigerian Energy value-chain in attendance.
According to him, Seplat Energy is currently a leading supplier of processed natural gas to the expanding Nigerian domestic market; with working interest gas volumes for the 2022 business year averaging 112.3 MMscfd (2021: 107.9 MMscfd), a contribution of 44 per cent of the Group’s total production volume on a barrel of oil equivalent (boe) basis.
He expressed its company’s commitment to the Federal Government’s Decade of Gas position remains firm and unwavering, adding that it will continue to develop Nigeria’s gas resources to accelerate the replacement of diesel and biomass and support economic growth through the supply of reliable, low cost energy.
