The Federal Government has restated its commitment to ensure affordable cost of energy for Nigerians.
Minister of State for Petroleum Resources, Timipre Sylva gave the assurance at the 2nd World Energy Day conference organised by the National Chamber Policy Centre of the Abuja Chamber of Commerce and Industry, ACCI in Abuja.
Sylva, who was represented by an official of the ministry, Dipo Agboola, said the Petroleum Industry Act, PIA would further support the opening up of the downstream oil sector to ensure affordable energy. He also stressed the need to unbundle the downstream oil sector, which is imperative.
On his part, President of ACCI, Al-Mujtaba Abubakar, described energy security as the uninterrupted availability of energy sources at an affordable price which had many aspects.
He, however, pointed out that the country had been pursuing energy transition to promote economic growth and gradually investing in renewable energies, primarily solar.
