A former Executive Vice President (Upstream) of the Nigerian National Petroleum Company Limited (NNPCL), Adokiye Tombomieye has said that the Bayelsa Gas Revolution will end energy poverty in the state and create thousands of jobs......CONTINUE READING THE ARTICLE FROM THE SOURCE>>>>>
Adokiye said this at the public lecture and Inauguration Ceremony of Engr. Amalate Ann Jonathan, as the 4th Chairman and Executive Committee Member of the Association of Professional Women Engineers of Nigeria.
Adokiye spoke on the Bayelsa Gas Revolution as a game-changer.
The oil and gas expert said the State has not fully leveraged the potential of its gas resources to create jobs and stimulate industrialization.
Adokiye explained that for a successful implementation of the ‘Bayelsa Gas Revolution’, the State must invest in a robust gas infrastructure that will support the growth of industries such as power generation, fertilizers and petrochemicals.
He called for the promotion of the use of gas as a cleaner and more efficient source of energy.
The former EVP said, “Investment in gas processing facilities, pipelines, and storage facilities is very paramount.
“There is a need to encourage the adoption of gas-powered vehicles and support the development of gas-fired power plants.
“The creation of an enabling environment for businesses to thrive. Streamlining regulations, provide incentives for investors, and support the development of small and medium-sized enterprises (SMEs).”
Adokiye Tombomieye at the public lecture and Inauguration Ceremony of Engr. Amalate Ann Jonathan, as the 4th Chairman and Executive Committee Member of the Association of Professional Women Engineers of Nigeria.
According to him, the gas revolution will result in the creation of thousands of jobs in construction, manufacturing and service sectors.
He said harnessing gas resources would lead to the reduction in the reliance on imported fuels.
Adokiye said, “To achieve this vision, the support of government, the private sector, and its citizens is needed. Government will provide the enabling environment, regulate the sector, and provide incentives for investors.
“The private sector will provide the investment, expertise, and innovation needed to drive the gas revolution.
Former Executive Vice President (Upstream) of the Nigerian National Petroleum Company Limited (NNPCL), Adokiye Tombomieye
“The ongoing projects and initiatives in the Bayelsa Gas Revolution have the potential to transform the region’s economy and society for the better. Here are some ways these projects can bring about positive change.”
He said some of the initiative like the Methanol Plant will create a new industry hub, generating employment opportunities and stimulating local economic growth.
Another initiative, the 500 million standard cubic feet per day gas processing plant, will increase the availability of natural gas for power generation, industrial use, and domestic consumption.
According to him, the Brass Free Zone will attract investments, promote entrepreneurship, and create a conducive business environment.
Adokiye added, “There is a need to allocate funds in the state budget for the development of gas infrastructure, seek investment from private sector players and international organizations, and explore funding options from development banks and other financial institutions.
“To ensure the success of the Bayelsa Gas Revolution, there is a need to establish a monitoring and evaluation framework to track progress, conduct regular assessments of the impact of the gas revolution, and make adjustments to the implementation plan as needed.”