Mrs Olu Verheijen, Special Adviser to the President on Energy, highlighted the success of reforms introduced by the Bola Tinubu administration to enhance the gas-to-power value chain at a luncheon held during the US-Nigeria Strategic Energy Dialogue in Washington, DC. Verheijen mentioned the positive outcomes of these reforms, including the Final Investment Decision on a new $550 million gas project that is expected to provide 350 million standard cubic feet of gas per day. The administration’s focus on cash flow improvement in electricity distribution, carbon emission reduction in gas production, and energy transition to meet climate goals were also commended.
Verheijen expressed optimism about Nigeria’s energy sector future and identified the need for collaborations with technical partners like the U.S. government, the World Bank, and the African Development Bank. The ongoing US-Nigeria Strategic Energy Dialogue aims to bridge the energy access gap for millions of Nigerians and strengthen energy ties between both nations.
[ad_2]
Source link
