Nigeria’s abundant natural gas is the best solution to lift a decade-old energy challenge for 140 million Nigerians in energy poverty, according to findings by BusinessDay.
At the BusinessDay annual CEO Conference on Thursday, executives in Nigeria’s energy sector highlighted the need for Nigeria to prioritise gas if the country seeks to industrialise and compete in the global economy.
They said this development is capable of scaling the power value chain, where millions of families are still disconnected from power.
“The biggest resource that Africa’s most populous have is gas, which accounts for over 80 percent of the current power generation,” Adegbite Falade, managing director of Aradel Holdings, told business leaders in Nigeria’s commercial capital.
“If we’re able to bring more gas to the table, we would be doing so much in enabling the environment and the economy,” Falde added.
Nigeria has one of the largest gas reserves in Africa.
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