TotalEnergies Exploration and Production Nigeria Ltd. says it is committed to reducing energy poverty in Nigeria in line with the vision of the Federal Government.
Bandele said as the world continues the transition to cleaner sources of energy, it was imperative for the government to show the direction the country should go and intensify collaboration with industry stakeholders. He said that by 2050, the mix would be about 40 per cent of renewable power, 40 per cent gas and liquid production reduced to 20 per cent globally.
He also allayed fears that the company was reducing production of oil and gas in Nigeria and other parts of the world due to the energy transition. Bandele said in Nigeria, TotalEnergies would continue to make significant investments, especially with the Ikike Development Project which would add about 50,000 barrels per day to Nigeria’s oil production.