Think Tank backs NUPRC’s Komolafe on $600bn lifeline for Africas energy needs

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  • The African Centre for Energy Investment and Policy (ACEIP) has reacted to NUPRC boss, Gbenga Komolafe’s $600 billion lifeline call for Africas energy
  • The Think Tank described Komolafe’s call as a realistic and urgent lifeline for the continents energy security
  • The group said $600 billion is the minimum needed for Africa to power homes, industries, hospitals, and schools.

ACEIP says NUPRC boss Komolafes $600 billion call is not an exaggeration.
Photo credit: @NUPRCofficialSource: FacebookWe must stop pretending that Africa can leapfrog into renewables without first solving its foundational energy access crisis. Komolafes $600 billion call is not an exaggeration it is the minimum needed if we are to power homes, industries, hospitals, and schools across the continent. This is not a luxury. It is a lifeline,There is a dangerous assumption that what works for Europe or North America must work for Africa. But Africas energy reality is unique. We are the least electrified continent, and we have a right to use every available resource including oil and gas to meet our development goals,Nigeria has over 210 trillion cubic feet of gas and 37 billion barrels of oil. These are not stranded assets. With the right investment, they are the building blocks of industrial growth, job creation, and regional energy integration. Were not talking theory were talking about powering lives and unlocking economic value, NUPRC boss showcases upstream reforms in LondonNUPRC’s project is one million barrels per day

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