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THE Chairman, Ghana National Petroleum Corporation, Prof Wunmi Iledare, has advised Nigeria to transit from energy production to that of consumption in order to maximise the country’s oil and gas potentials for development that will impact on the people.
Iledare, a Professor of Petroleum Economics, said although efforts at replacing oil with alternative energy sources have been growing, Nigeria still has the chance to stir economic growth in the few decades remaining before the replacement of fossil fuel as main source of global energy.
Speaking at a stakeholders’ engagement on the Petroleum Industry Bill (PIB), in Uyo, Akwa Ibom State, he urged the National Assembly to fashion a PIB capable of transforming Nigeria to an energy consumer by encouraging the maximisation of the value chain.
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