Nigeria’s oil minister, Dr. Ibe Kachikwu, has said the incursion of renewable energy sources into the global energy mix could lead to the extinction of petrol service stations soon, and their replacement with charging stations.
Kachikwu, also stated that oil as a global fuel source was on its way out of the top preferred fuel sources because renewable energy sources are fast becoming the world’s energy choice.
The minister made these remarks at the extra-ordinary meeting of the council of ministers of African Petroleum Producers Organisation (APPO) in Abuja, Nigeria’s federal capital.
“Technology is moving at a fast pace. The oil world is fast disappearing, with current trends in technology and environmental concerns, it is clear that over the next 20 to 30 years, oil will become a fading if not a faded product,” said Kachikwu, in an address to his colleagues from 17 other APPO members.
He further explained: “Which means that most countries that harbour oil have only about 30 years span to harness, explore, find and enjoy the full benefits of oil.”
According to him: “Most consumers of oil would have moved on to a cleaner source of energy. Today, you’ll find that most countries are passing legislations to say that electric cars will become mandatory in some as early as four years.
“You’ll find that typical filling stations, typical products that are sold in these stations will begin to disappear.”
He asked member countries of the organisation to take up fresh revolutionary measures to protect and advance the continents energy security, adding, “if we do not make the dramatic moves that are essential, we would’ve wasted our time.”