FG Advocates Collaboration Among Industry Stakeholders for Smooth Energy Transition

Emmanuel Addeh in Abuja

The Permanent Secretary, Ministry of Petroleum Resources and current highest ranking official in the ministry, Gabriel Aduda, has urged global oil and gas stakeholders to embrace collaboration in the quest to emplace energy safety, affordability, security and sustainability across the value chain.

Aduda made the call at the Global Energy Show in Calgary, Canada, where he was a special guest, according to a statement signed by the Director of  Information, Enefaa Bob-Manuel.

The permanent secretary was at a roundtable discussion with the Premier of Calgary, Danielle Smith and a select group of industry leaders for  deliberations on the future of energy transition, decarbonisation commitments, net-zero emissions, and emerging technologies.

Aduda, during the discussions, expressed the readiness of Nigeria to collaborate with Alberta, highlighting the growing number of Nigerian expatriates who are already contributing to the oil and gas industry in the province.

In his interaction with the Nigerian business community in Alberta, led  by Deputy Minister of Trade, Immigration and Multiculturalism of the Province of Alberta, Dr. Akolisa Ufodike, Aduda touched on making Nigeria an attractive investment destination amid the global shift from carbon-based fuels.

On Nigeria’s preparedness for investments, Aduda cited the deregulation of the downstream petroleum sector and the recent removal of subsidy on Premium Motor Spirit (PMS) coupled with the adoption of gas as a transitional fuel as measures which present significant opportunities for businesses in the sector.

He also highlighted the establishment of the Midstream Gas Infrastructure Fund (MGIF) and a 250 billion Central Bank of Nigeria (CBN) intervention facility dedicated to gas expansion and domestication initiatives.

He also emphasised the disruptions in global energy supply chains and the geopolitical tensions surrounding energy resources, which pose threats to Nigeria’s energy security.

 At a bilateral meeting with the Czech Republic Minister of Trade, Jozef Sileka, Aduda expressed Nigeria’s resolve to define its own pace for energy transition, decarbonisation, methane emissions reduction, while simultaneously developing sustainable energy infrastructures.