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Last year a friend who works with one of Nigeria's top manufacturing companies told me they spend about N45/kw for natural gas, N65/kw for on-grid power and N175/kw for diesel generators for their entire energy mix. Fact is, energy is a costly expense lines for a company's OPEX
Now, it is no longer news that everyone's weekly fuel purchase has skyrocketed, and I believe the removal of the PMS subsidy has brought this conversation on energy mix closer home for many ordinary Nigerians
With increased conversation on compressed natural gas (CNG) as an alternative to fuel for vehicles, I wonder why we have left this until now when we should have moved here a long time ago
Recently, I read a news report with comments from Chief Executive of NUPRC, Gbenga Komolafe, reiterating that Nigeria has the highest natural gas reserve in Africa 208.83 trillion cubic feet representing about 33% of Africa's total gas reserves, making us 9th largest in the world
We are a gas-rich nation, and the implication for this is accessibility and affordability, amongst other numerous advantages, so it's a no-brainer that we should have been advocating for the switch to natural gas long before now
We have enough to successfully float a compressed natural gas (CNG) Mass Transit Scheme for the ordinary man on the street, change the power narrative of manufacturing companies via traditional and virtual pipeline infrastructures, and many more.
Experts even say the gas we flare is enough to power and light up the entire African continent. We need to elevate this conversation and there's no better time than now.
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