Sunday, 2 February 2014

Business:Oil, Gas and Power: Nigeria at a glance.

The Nigerian National Petroleum Corporation (NNPC) is responsible for harnessing Nigeria's oil and gas resources for sustainable national development.
It explores, produces and refines crude oil into various petroleum products for both external and domestic consumption. It is also at the fore front of Nigeria's gas revolution which is aimed at rapid monetization of the country's abundant gas reserves.

The growth of Nigeria's oil and gas over the past 13 years is testament to Nigeria's importance as one of the world's leading oil and gas producers. But it is also significant to note that in the midst of surplus oil and gas in the country, there is still a great power deficit in the country or literally put, 'the power supply in Nigeria is epileptic in nature'.

In early  October 2013, the President, Dr Good luck Jonathan unveiled the brand new thermal power plant in Geregu, the North central part of Nigeria with name plate capacity  of 434MW, that we will all say was a bold step. The public expected this plant to be fired up in full after the unveiling but unfortunately, up till now, this plant does not have its own gas supply, so it cannot adequately contribute to the national grid anytime soon. This makes the plant to remain dormant because there is no gas available for the plant.

2 comments:

  1. God help dis country

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  2. what do they mean no gas, with all the oil and gas we produce? so how come we sell to others nd yet we dont have?

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