Gbenga Komolafe, Chief Executive Officer of NUPRC, made the announcement in Abuja at the Nigerian Association for Energy Economics 16th Annual International Conference, with the topic "Energy Evolution, Transition, and Reform: Prospects for African Economies."
He also emphasized that oil and gas will continue to provide energy security for Nigeria's large population of almost 200 million people.
“With a reserve base of 36.97 billion barrels of oil and 208.83 trillion cubic feet of gas which represents 33 percent of Africa’s total gas reserves of 620TCF, Nigeria can be described as a gas-rich nation ranking number one in Africa in reserves with a life index of 94 years.
“This clearly presents Nigeria in a dominant position in the entire Africa gas market. Nigeria has the potential to ensure sustained supply of natural gas across the sub-Saharan region of Africa, if the necessary financing and infrastructure are in place.”
Read more: https://www.investingport.com/nigeria-holds-33-of-africas-gas-reserves-fgn/