As the world looks to diversify its energy mix one source, natural gas, is becoming increasingly important.
The International Energy Agency (IEA) says that natural gas is viewed "as a good source of electricity supply" for a range of reasons.
According to the IEA, natural gas is seen as "lower carbon" relative to other fossil fuels. In addition, it takes around two years to build gas plants, which is seen as being relatively quick, while its share of the global energy mix is increasing at two percent annually until 2020.
According to indications from the Presidency and Ministry of Petroleum Resources, plans for the construction of a second refinery in the northern part of Nigeria may be in the works as efforts at oil exploration intensifies in the region.
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu told journalists recently in Bauchi State that the Federal Government is planning to build a second refinery in the northern part of Nigeria and also plans to rehabilitate the Kaduna refinery in order to consolidate oil exploration efforts in that region.
President Muhammadu Buhari has described the rebranding of the Nigerian Maritime Administration and Safety Agency (NIMASA) as part of the Federal Government’s effort to enhance economic diversification and repositioning of the maritime sector as the country’s highest revenue earner in the very near future.
As over 30 African Countries converge on Abuja for the third Association of African Maritime Administrations (AAMA) annual conference hosted by the Nigerian Maritime Administration and Safety Agency (NIMASA), one thing on the minds of the participants is how African governments and littoral states can leverage on the potential of the seas and oceans around them to improve the fortunes of their citizens and compete favourably among the comity of maritime nations. Chukwunonso Udeh reports.