Shell Nigeria Exploration & Production Co (SNEPCo) Managing Director (MD) Bayo Ojulari has said between $40 billion and $200 billion Nigeria needs to bridge its energy gap.

He said a nation without a secured energy system could not claim to have power.

In his presentation titled: “Nigeria’s energy security and sustainable development in Nigeria: The way forward”, at the Society of Petroleum Engineers (SPE) Oloibiri Lecture Series and Energy Forum 2019 in Abuja, Ojulari lamented that 70 per cent of the country’s installed electricity capacity is lost without reaching consumers.

According to him, because of aging equipment and vandalism, 70 per cent of the populace has less than four hours electricity daily.

He said: “Energy is not standing alone, it is about its impact on the society.”

Ojulari said in the next 10 years, energy demand is expected to double, adding that by 2050, solar could emerge as the dominant power energy source. But oil and gas need would continue.”

Nigerian National Petroleum Corporation (NNPC) Group managing Director Dr Maikanti Baru said despite abundant oil and gas reserves, the country still experiences shortages in electric power.

According to him, based on Nigeria’s Energy consumption current forecast, statistics showed an increase from 6GW in 2015 to 30GW by 2025. The primary source of the current power supply, he added, is hydro and gas.

Baru insisted that the future consumption, which is expected to drive growth by 2025, would need aggressive development of gas and renewable projects to meet the exponential demand.


https://thenationonlineng.net/shell-nigeria-requires-200b-to-bridge-energy-gap/amp/

Pls how can I deport my self from this country to any other country? I yam tayad of dis shithole

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always nothing but bad news, aggrrrhhh!!!

C'mon, daz MASSIVE.

Hahaaha 100yrs to come dat yeye Nigeria go still dy darkness lol.

Ok

Most of these analyst exaggerate a lot simple

What a shame.

Wetin we never hear before?

It's all talk, even if they give naija $200b some people go still thief am

Money just d fly eberywhere

which yeye energy gap are we talking again when over $16Million was spent by former president Olusegun Obasanjo and Lyle Imoke of Cross Rivers state....pls dnt talk about 200billion ooo

Shell time to leave Nigeria, you people have sucked us dry for too long.

If you're for this motion say Hi

MyGeneration:
This is a big lie. All these analyst and exaggeration.

Well am not surprised in Nigeria the inflation of project cost is too much. I read that Amaechi used 150million dollars to build warri to kogi rail line, but in Ghana a similar rail line was built almost same distance and it cost less than 5million dollars. But our own its times 20 of the amount

5m for a rail line. Bros u too dey lie

Joromi12:
5m for a rail line. Bros u too dey lie

Google is your friend

Joromi12:
5m for a rail line. Bros u too dey lie

the money difference is too much like too much no matter how you put it. Its even 200million dollars

In other words if we invest 1 billion dollar per annum, it will take 200 years for us to have steady power

MyGeneration:
This is a big lie. All these analyst and exaggeration.

Well am not surprised in Nigeria the inflation of project cost is too much. I read that Amaechi used 150million dollars to build warri to kogi rail line, but in Ghana a similar rail line was built almost same distance and it cost less than 5million dollars. But our own its times 20 of the amount

Please what is your reference for this your "claim".

MyGeneration:
Google is your friend

Guy don't mind him, Naija politicians have finally deceived him.

I even under estimated the cost of Nigeria's rail and over estimated that of Ghana. Joromi12 and 2fine2fast have you confirmed

MyGeneration:
google na your friend

Google says the Accra-Nsawam construction is a
rehabilitation work of a 24 km line that has been
previously working.
Warri-Itakpe railway is a construction of
a 320 km line from scratch.
Please always get information right before making
claims.

2fine2fast:


Google says the Accra-Nsawam railway a rehabilitation of a
24 km line that has been previously working.
Lagos-ibadan railway is a new construction of
a 156 km line from scratch.
Please always get information right before making
claims.

I wasn't talking about Lagos Ibadan rail way get your own facts right am talking about warri itakpe rail.

I am saying the 200million dollars used for it's rehabilitation is highly exaggerated

Truth is we have truly wasted an opportunity to break from the past, the last 16 years of PDP reign of locust clearly push us off course. Now we need huge tracks of money to invest in the sector and have no such money around.

The truth is we have the money to bridge this gab but channelling it and ensuring that the energy gab is bridged is the problem

MyGeneration:
This is a big lie. All these analyst and exaggeration.

Well am not surprised in Nigeria the inflation of project cost is too much. I read that Amaechi used 150million dollars to build warri to kogi rail line, but in Ghana a similar rail line was built almost same distance and it cost less than 5million dollars. But our own its times 20 of the amount

Stop talking about what you don't understand.

MyGeneration:
This is a big lie. All these analyst and exaggeration.

Well am not surprised in Nigeria the inflation of project cost is too much. I read that Amaechi used 150million dollars to build warri to kogi rail line, but in Ghana a similar rail line was built almost same distance and it cost less than 5million dollars. But our own its times 20 of the amount

You conclusion is not valid. The Ghana project is a rehabilition of an existing rail line. Warri to Itakpe is 316km length with 12 stations. $200m is a great bargain because a km of rail line is estimated to cost $4million.

Calvary greetings. I come in peace