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Federal Government’s Commitment to Advancing Nigeria’s Energy Sector Through Pi-CNG and Reforms
The Nigerian Federal Government has reiterated its dedication to enhancing the nation’s economic framework through the Presidential Initiative on Compressed Natural Gas (Pi-CNG) alongside comprehensive reforms in the energy sector.
Insights from the 8th Value Chain Energy Magazine Annual Lecture
At the recent 8th Value Chain Energy Magazine Annual Lecture held in Abuja, Mohammed Idris, the Minister of Information and National Orientation, emphasized the critical role of energy reforms in national development. Represented by Mohammed Bulama, Director General of the Federal Radio Corporation of Nigeria, Idris highlighted the event’s theme, “Growth in Energy Sector: Nexus Between Economic Development, Social Impact and Public Perception,” as a reflection of President Bola Tinubu’s strategic vision for Nigeria.
Balancing Economic Growth, Social Welfare, and Public Trust
The Tinubu administration acknowledges that sustainable national advancement hinges on harmonizing economic reforms with social benefits and fostering public confidence. Idris pointed out that President Tinubu has consistently underscored the necessity of a resilient, modernized, and efficient energy sector as the backbone of Nigeria’s economic recovery.
Under the Renewed Hope Agenda, the energy sector is positioned as a pivotal driver for sustainable development, industrial growth, increased foreign and domestic investment, job creation, and enhanced global competitiveness.
Pi-CNG: A Strategic Move Towards Cleaner and Affordable Energy
The government’s push for Compressed Natural Gas (CNG) is part of a larger strategy to diversify Nigeria’s energy portfolio with cleaner, cost-effective fuel options that benefit both households and industries. This initiative transcends traditional energy policy, serving as a socio-economic catalyst that positively impacts transportation, manufacturing sectors, and household expenditure.
Related: MDGIF Plans to Establish 500 CNG Refuelling Stations Within Three Years
Electricity Act and State Collaboration: Unlocking Private Sector Potential
Idris further explained that the enforcement of the Electricity Act, coupled with enhanced collaboration between the federal government and states, is creating an enabling environment for private sector investments, off-grid energy solutions, and improved service delivery. These efforts aim to guarantee consistent and reliable electricity supply to both residential and industrial consumers.
By clarifying regulatory frameworks, promoting indigenous content, and encouraging technological innovation, the Tinubu administration is positioning Nigeria as a premier destination for energy investments across Africa.
Challenges and Long-Term Vision
While acknowledging the complexities and challenges inherent in these reforms, Idris emphasized their necessity for securing Nigeria’s future economic stability and prosperity. The lecture convened influential stakeholders from the oil and gas industry and related sectors, fostering dialogue on the country’s energy trajectory.
