The Nigerian National Petroleum Corporation (NNPC) has disclosed that Nigeria and the United States of America had been very good partners with about $35billion worth of trade between the two countries.
The group managing director of NNPC, Maikanti Baru, who disclosed this during a meeting with the US Energy Secretary, Rick Perry and some African petroleum ministers, on the sidelines of the 19th CERAWeek Conference taking place in Houston, said trade partnership between Nigeria and the US has been progressively fruitful and mutually beneficial.
At the meeting, the GMD, also called for more integration among countries within the West African sub-region towards providing lasting solutions to the region’s numerous energy challenges.
NNPC group general manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in a release in Abuja said Baru disclosed at the meeting that energy integration across the sub-region was necessary as it would drastically reduce unemployment and restiveness as well as improve the economies of the affected countries.
“Nigeria as a regional leader has already encouraged regional integration by first putting up the West African Gas Pipeline (WAGP) to ensure gas is available to West Africa. We are also doing the Trans Sahara Gas Pipeline (TSGP), even as we are intent on extending the WAGP to Morocco,” Baru told the US Energy Secretary at the occasion.
He said the intent was to come up with a West African Power Pool that would put up power plants and other gas-based industries along those areas within the respective countries.
The GMD said Nigeria’s crude oil production had seen tremendous improvement in recent years, due to Federal Government’s laudable efforts in ensuring security in the Niger Delta region.
Earlier in his remarks, the United States Secretary of Energy, Rick Perry, expressed his country’s commitment towards helping Africa achieve energy independence for the benefit of their people.
“For our part we will support progress by engaging economically as well as championing open markets in societies. We endorse the modernization of critical oil and gas infrastructure which leads to better security and diversification of energy supplies and exports,” he noted.
Describing innovation as the surest path to energy security, Perry added that once countries innovate, they are greeted with greater economic growth, opportunities and national security.
“We support efforts to improve the regional interconnectivity. We also see energy access as critical to increasing prosperity and combating the cycle of poverty,” he added.
He said as the number one producer of oil and natural gas in the world, the US was more than well-positioned to not only share its resources, but also its technology and know-how.
He said his country would work towards transforming the Africa’s domestic energy systems so that it would provide power, create jobs, foster development, open up new opportunities and improve almost every facet of human existence on the continent.
“The US is very eager to share its energy resources and expertise with the African continent. As we go forward, we want to be a desired partner in ensuring that the global energy market are supplied with the diversity of energy sources,” he stated.
Edo House Of Commotion And NASS Intervention
The unending supremacy battle for the soul of Edo State House of Assembly between Governor Godwin Obaseki and his predecessor...
Govs Laud US Food Security Initiative, Assistance
Governors of 11 states of the federation yesterday in Abuja commended the United States government for its assistance in ensuring...
Laundered Funds Used To Finance Terrorism – PMB
President Muhammadu Buhari has drawn a nexus between the security challenges facing Nigeria and other African countries and laundered funds,...
The 18 Women Holding Out Against 451 Men In 9th NASS
The National Assembly has a total of 469 lawmakers elected from all the 36 states of the federation and the...
World Bank To Support More Projects In Kogi
The World Bank Group yesterday pledged more support for Kogi State to facilitate its development and eradicate poverty among the...
Zamfara Gov Lauds NAF Over Bandits Negotiation
Zamfara State governor, Dr Bello Matawale, has commended the Nigerian Air Force (NAF) for the role it played in helping...
Court Adjourns Hearing On El-Zakzaky’s Application For Medical Trip
Kaduna State High Court yesterday adjourned hearing in the application for permission to travel to India for medical attention filed...
NEWS15 hours ago
JUST IN: APC Expels National Vice Chair Over Anti-party
NEWS13 hours ago
I Defiled My 15-year-old Daughter To Protect Her, Says Night Guard
NEWS20 hours ago
Yoruba Youths Back Northern Elders On Return Of Herdsmen
NEWS15 hours ago
Man Bails Girlfriend Arrested For Biting His Manhood In Lagos
METRO11 hours ago
Sanwo-Olu, Fashola, Harp On Multimodal Transportation System In Nigeria
NEWS13 hours ago
Order To Shut Down Edo State House Of Assembly Is Unconstitutional – PDP
OPINION21 hours ago
Is Kogi Going The Way Of Zamfara?
NEWS12 hours ago
AfDB Team Meet Fayemi Over Infrastructure Upgrade