‘Energy sector significant despite challenges’

Following government’s renewed focus on gas, the Managing Director of Clarke Energy, Yiannis Tsantilas has said that the country’s energy market has made significant progress despite all the challenges.

He said even though there is room for improvement, the growth potential in the sector is still significant despite current challenges.

According to him, more often than not, people tend to focus only on what is not going well, adding that the privatisation of the power sector was a remarkable and courageous step, which has placed Nigeria ahead of lots of countries who are yet to do the same.

“When I compare my experience in the last 18 years with the reality on ground, I think that Nigeria has made significant progress,” he added.

Tsantilas noted that the government’s focus on the utilisation of natural gas to increase power generation capacity largely through gas-fired power plants is another achievement.

“As the Ajaokuta-Kaduna-Kano (AKK) pipeline infrastructure being constructed by the federal government will increase the availability of natural gas for industries located in the commercial territories along the pipeline corridors.