By African Power Chamber on 9/30/2021
OPINION – Fossil fuels will be the greatest concern for local weather activist in western international locations, however they’re additionally essentially the most environment friendly supply of vitality humanity has developed. As such, the push to emphasise solely renewable vitality is a supply of concern for African international locations which can be nonetheless working to make sure dependable electrical energy provides. This concern is particularly intense in oil- and gas-producing international locations comparable to Nigeria, which stand to lose income in addition to gas in the event that they don’t develop their assets.
These are the summation of the argument and advocacy for Nigeria made by H.E. Chief Timipre Sylva, Nigeria’s Minister of State for Petroleum Assets and Mele Kyari, the Group Managing Director (GMD) of the Nigerian Nationwide Petroleum Company (NNPC) in numerous platforms advocating for Nigeria and Africa, who’re slated to take part within the upcoming African Power Week sponsored by the African Power Chamber in partnership with South Africa’s Division of Mineral Assets and Power.
This four-day discussion board will deliver collectively vitality business stakeholders from greater than 20 nations on November 9-12 to debate among the most urgent issues going through African oil, fuel, and renewable vitality in opposition to the backdrop of mounting issues about local weather change.
Nigeria has been recognized for many years as a petroleum powerhouse, and there are good causes for that. Our nation is the most important producer of oil in Africa, a provider to main vitality markets around the globe, and a key member of the Group of the Petroleum Exporting Nations (OPEC).
Nigeria additionally has among the greatest fuel reserves on the earth. Eventually rely, Nigeria possessed 206 trillion cubic ft of pure and related fuel in confirmed reserves, and this determine is prone to rise to at the very least 230 tcf by 2030. That’s greater than sufficient to cowl present demand ranges. It’s greater than sufficient to help plans for the development of 9 new gas-fired energy crops with a mixed producing capability of practically 6,000 MW by 2037. It’s greater than sufficient to make fuel a viable gas for current and new industrial amenities. It’s sufficient to rework this nation from prime to backside. It’s why President Muhammadu Buhari has introduced the “Decade of Fuel” initiative, which goals to make Nigeria’s financial system fully gas-powered by 2030.
And but, there are those that would have us depart this fuel within the floor.
Why? For the sake of the local weather, we’re advised — and we on the African Power Chamber agree that it is a real concern that have to be addressed, particularly since Nigeria is for certain to endure if common international temperatures rise, water ranges climb, and climate patterns change.
So what is going to occur if we do this?
Definitely, there can be some constructive penalties. Nigeria will appeal to reward from multilateral establishments such because the United Nations Framework Conference on Local weather Change (UNFCCC) and the Worldwide Power Company (IEA) and non-governmental organizations (NGOs) comparable to Greenpeace. We’ll get some good press protection. Perhaps will probably be sufficient to persuade non-public buyers to construct new wind farms and photo voltaic parks. Perhaps will probably be sufficient to remind the world’s most superior economies of their unfulfilled promise to mobilize USD100 billion price of funding per 12 months for local weather mitigation.
However will or not it’s sufficient to make up for the 6,000 MW of recent gas-fired producing capability that we don’t construct? Will or not it’s sufficient to remove the ability shortages which have bedeviled Nigerian companies, forcing a lot of them to purchase diesel turbines simply to allow them to maintain working? Will or not it’s sufficient to make blackouts a factor of the previous for metropolis dwellers who simply need a greater life for his or her households? Will or not it’s sufficient to deliver electrical energy to rural communities which have but to be linked to the nationwide grid?
Furthermore, will or not it’s sufficient to make up for the income Nigeria will forego if it doesn’t monetize a worthwhile pure useful resource? Will or not it’s sufficient to compensate for the roles that gained’t be created at fuel fields and energy crops? Will or not it’s sufficient to help the economic amenities that might have been ready to make use of fuel as gas?
One other query: What’s going to occur if we don’t depart all that fuel within the floor — if we develop it and benefit from it?
If Nigeria develops its fuel, will probably be capable of earn extra. Will probably be capable of produce extra electrical energy and put an finish to energy shortages and blackouts. Will probably be capable of provide fuel to main industrial amenities. Will probably be capable of produce sufficient cooking fuel — that’s, liquid petroleum fuel (LPG) — to make sure that households don’t must depend on wooden and charcoal fires, which generate sufficient air pollution to kill a whole bunch of 1000’s of Africans annually, to arrange their meals.
What’s extra, it should additionally be capable to benefit from a low-carbon vitality supply — fuel, which has carried out greater than some other gas to scale back emissions ranges within the developed world. Why ought to Nigeria forego this chance?
Why ought to Nigeria forego any of the advantages of fuel?
The African Power Chamber’s reply: It shouldn’t. Nigeria shouldn’t depart its fuel within the floor and run the danger of ending up with an vitality transition that unfairly deprives its residents of vitality, in addition to alternative. Our Government Chairman, NJ Ayuk made a robust and passionate case for this immediately on the Fuel Exporting Nations Discussion board Workshop on Fuel due to the invitation of Yury Sentyurin the Secretary Normal.
Nigeria needs to be freed from stress in order that it could actually make its personal decisions.