Engineering Post Report
Adequate provision of infrastructure is necessary for the productivity and growth. Modern infrastructure helps in accelerating the growth and improving redistribution of income while efficient infrastructure augments economic growth by reducing transaction costs, increasing durability of capital goods , fostering trade, investment, diversification and achieving economies of scale and scope, according to the experts.
The federal government as such is , therefore, committed to invest in quality infrastructure to deliver efficient and affordable infrastructure for the industrial competitiveness and inclusive development in the country.
Economic and social development of a country depends on affordable and reliable energy supply. Sustainable Development Goal (SDG) 7 aims at delivering affordable , reliable and universal access to energy.. Increasing share of renewable energy in the energy mix and improving energy efficiency are also included in the SDG targets.
The experts on being contacted opined that a multi-faceted approach is needed to address the challenges in the energy sector. In the gas sector, Exploration and Production activities need aggressive support to enhance the domestic oil/gas supply at an affordable rate.
Furthermore, there is also the dire need for checking the system losses and Unaccounted for Gas (UFG) in the gas distribution network. Industrial consumption of natural gas for captive power generation needs to be discouraged for enhancing the utilization of power grid, they added.
