Nigeria Supplies 10% Of India’s Energy Need

NNPC GMD, Dr. Maikanti Baru, in a handshake with the Indian High Commissioner, His Excellency Abhay Thakur

India is sourcing almost 10percent of its energy requirement from Nigeria the Indian High Commissioner to Nigeria, His Excellency, Abhay Thakur, says.

The envoy said in Abuja on Tuesday, that his country was looking forward to further strengthening of cooperation with Nigeria across various sources of energy including gas, solar and other renewables.

The High Commissioner spoke at a meeting with the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru.

He said India was open to further strengthening its collaboration with Nigeria through regular dialogue and exchange of technical knowhow.

“Specifically, India is already sourcing almost 10% of its energy requirement from Nigeria and we look forward to further strengthening of this cooperation across various sources of energy, not only oil, but also in gas, solar energy and other renewable sources”, he said.

Dr Baru at the meeting called on Indian business interests in Nigeria to extend their presence to the downstream sector of the petroleum industry to leverage on the enormous opportunities there.

“With the refineries up for repairs, the NNPC would need technical assistance from Indian companies”, Baru said.

Will private management of Nigeria's refineries be a success story?

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