Boston Consulting Group (BCG), the preeminent international management consulting firm, has praised the Nigerian government for its new efforts to move away from fossil fuels by using the nation’s substantial gas reserves and electric vehicles.
The company made this commendation in response to the address by Mallam Mele Kyari (Group Managing Director of NNPC) at the recently concluded Nigeria Oil and Gas (NOG) conference in Abuja.
Oluseun Solanke, a partner and associate director of BCG Nigeria, said that Nigeria’s energy transition plan complies with the Paris Agreement, to which Nigeria has agreed to limit global warming to less than 2oC.
“The need to convert to sustainable energy is crucial at a time when world economies are trying to recover from the effects of the coronavirus and a weakening economy,” she declared. Building out infrastructures, such as storage facilities, pipelines, and service stations will help the government’s ambitious plans to convert gasoline-powered engines into automobiles and will increase consumption. Additionally, it has been demonstrated that investing in and implementing gas technology and innovation will reduce direct emissions, making it possible to achieve the decarbonization goals.
At the NOG conference, Kyari identified gas as a crucial resource in Nigeria’s energy mix and transition plans, noting that chances to boost the nation’s economy had been observed in the country’s expanding domestic and global gas demand.
By collaborating with local automakers, NNPC Limited is promoting the creation and use of around one million electric automobiles.
