The Minister of State for Petroleum Resources, Timipre Sylva, says the Federal Government is taking steps to develop and harness the country’s 208.62 trillion cubic feet of gas.
The Minister, who said this at the annual Symposium and Exhibition of the Society of Petroleum Engineers (SPE), Tuesday in Lagos, said the government was trying to achieve this aim through enhanced gas exploration and development, as well as utilisation of schemes which would lead to gas reserves growth.
He noted that an annual investment of around $25 billion could bring electricity access to 759 million Africans who currently lacked it.
“Approximately 580 million people in sub-Saharan Africa lack reliable electricity, that is, three-quarters of the global figures. Around 900 million people are without access to clean cooking in Africa, and in 32 countries more than 75 per cent of the population are without access to clean cooking,” he said.