The Minister of State for Petroleum Resources, Timipre Sylva, says Nigeria will not support any concept that promotes a single pathway to energy transition.
Sylva said this at a one-day Seplat Energy Summit in Abuja, with the theme: “Global Trends in Energy Transition – the African Perspective”.
He said energy transition has become a major concern for African countries and developed countries as the world works towards cleaner energy.
The minister, however, regretted that the emphasis on only renewable energy as the sole pathway to energy transition was a source of concern for African countries still working to achieve industrialisation.
The minister expressed optimism that the Petroleum Industry Act PIA would help in driving the country’s National Gas Expansion Programme to achieve domestic utilisation.
Sylva said that the process has commenced for full deregulation of the downstream petroleum sector which would end subsidies and free up funds for national development.
