The GCEO of NNPCL, Mele kyari highlighted that Nigeria currently lacks energy security. He pointed out that half of the population remains without access to electricity, and 70 percent do not have access to clean fuel.

He said, “Today, when we say energy security, the thing that comes quickly to people’s mind is the availability of PMS, I think energy security is not about PMS. It’s beyond this. As a country today, we all know that over 50 per cent of our population doesn’t have access to electricity. Over 70 per cent of our population doesn’t have access to clean, good fuel. This is very true, all of us have said it over and over in the last three to five years.

“Have we taken any specific steps to close that gap in terms of having access to electricity and also access to clean fuel? I believe that substantial work has been done. And without mincing words, NNPC is left with the cross and we are humbly carrying it, proudly carrying it as NNPC Limited.”

Kyari emphasized that the oil and gas sector was never designed with the intention of prioritizing energy supply to the domestic market, stating that this was not its foundational purpose.

He added, “Every investor here, and of course the landscape is changing, don’t mind the fact that things are changing, but every investor here is here to produce oil or gas, export and make money. This is the reality. We as NNPC are left with the cross of making sure that this is made domestically available. That speaks to the availability of products for processing in the domestic market, provision of finished products in the domestic market, and also delivering gas into the domestic market.”