Oil Will Still Be Relevant In The Next 30 Years – Mele Kyari

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari offered a glimpse of hope that oil will still be relevant in the next 30 years.

Kyari said this at the House of Representative Ad-hoc Committee’s two-day public hearing on Petroleum Industry Bill  in Abuja on Wednesday 27th January 2021.

“I’m optimistic that based on available Forecast, Fossil fuel would remain relevant for at least the next 30 years.

“What would change however is the energy mix.

“It is imperative for Nigeria to use the PIB & instill efficient processes that would enable it achieve success, Kyari said

He said the passage of the bill into law will bring about the needed vigour and transparency that would in turn engender productivity in the petroleum industry.

Termed “A Bill for an Act to Provide Legal, Governance, Regulatory and Fiscal Framework for the Nigerian Petroleum Industry, the Development of Host Communities and for Related Matters (HB. 1061)”, PIB is an Executive Bill that deputed to the National Assembly 20 years ago.

It will be recalled that President Muhammadu Buhari on September 20, 2020, retransmitted the bill to the National Assembly for which the House is holding the public hearing.

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