Fashola Advocates Sustainable Energy Future for Nigeria

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Babatunde Fashola04

Governor of Lagos State, Mr. Babatunde Raji Fashola

The Governor of Lagos State, Mr. Babatunde Raji Fashola has stated that if Nigeria’s current population of 160 million and the next generation of Nigerians were to have access to affordable energy options, the country must choose a path that would lead to a sustainable energy future.

In a speech delivered at  the just-concluded 38th Annual International Conference and Exhibition of the Society of Petroleum Engineers (SPE) held in Lagos recently, Fashola said the global energy map was changing in a dramatic fashion.

According to him, these changes would recast expectations about the role of different countries, regions and fuels in the global energy system over the coming decades.

According to Fashola, Nigeria had relied on oil and gas for decades not just for revenue but for its local needs. He noted that the country has taken the availability of oil and gas for granted, without considering its inevitable depletion.

“North America is at the forefront of a sweeping transformation in oil and gas production that will affect all regions of the world, yet  the potential also exists for a similarly transformative shift in global energy efficiency,” he said.

The governor argued that there is a great opportunity for African oil and gas –producing countries to adapt new sustainable economic strategies to keep up with global economic changes.

This, he said has become necessary as the United States shale gas and the shale oil revolution has knocked these countries out of reckoning in terms of export of oil to the United States.

He called on African countries to examine opportunities and strategies to improve integration and utilisation of its oil and gas resources, if they are to maximise the benefits of energy efficiency on the continent.

For him, governments need to find solutions to energy issues by asking questions on how they can drive increases in energy efficiency through regulations and federal climate plans.

“As a continent, we should seek to implement a framework policy that will harness our energy resources, as well as the resourcefulness of our entrepreneurs, and our industrial and financial sectors. This will guide the deployment of energy projects by both the public and private sector. Making the most of the oil and gas resources within the region requires improved security of supply, infrastructure, human and production capital resources,” he explained.

Fashola said globalisation was bringing the world closer together, adding that there is no avoiding the fact countries live in an increasingly interdependent world.
He noted that energy security is a two-way street, where both producers and consumers must have a sense of security of demand and supply.

“We have a collective duty to guarantee energy security that is supported by integrated energy resource planning,” he added.

In : Energy

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