The NMDPRA Industry Sustainability Initiative (NISI)

MEMAN, unwavering in its commitment to sustainability, proudly endorses the NMDPRA Industry Sustainability Initiative (NISI). NISI is meticulously designed to align with the Global Sustainability Development Goals (SDG 3 – Good Health and Well-Being, SDG 7 – Affordable and Clean Energy, SDG 8 – Decent Work and Economic Growth, SDG 9 – Industry, Innovation, and Infrastructure, SDG 11 -Sustainable Cities and Communities, SDG 13 – Climate Action, SDG 16 – Peace, Justice, and Strong Institutions, SDG 17 – Partnerships for the Goals). It forms the foundation of MEMAN’s resolve to reduce emissions, enhance health and well-being, ensure affordable and clean energy, and promote safety and responsible economic growth.

This initiative aims to create over $575 billion in capital investment opportunities for Nigeria through the decarbonization of operations. The investment opportunities are highlighted sector by sector:

$272 billion in power
$127 billion in infrastructure
$96 billion in oil and gas processing optimization
$80 billion in industry
$2.8 billion in clean cooking

Achieving these targets requires a strong government commitment and collaboration with the private sector, using technological innovation. The NMDPRA and the Nigerian Government are encouraged to harness funding opportunities for gas projects from international financiers dealing with agriculture.

The importance of developing and including young people in the decarbonization drive is emphasized, as they are expected to play a major role in implementing the initiatives in the future.

MEMAN’s Approach

Sustainability has been a longstanding commitment for MEMAN, evident in our unwavering focus on safety across facilities, secure transportation, employee and community health, and environmental protection. Additionally, MEMAN has a history of prioritizing operational efficiency and the quality of our products and services. Building on these foundations, we are intensifying our efforts by placing additional emphasis on innovation and automation technology to reduce costs and product losses along the supply chain. This includes a specific focus on the use and commercialization of alternative energies such as solar energy at our filling stations, as well as gas (CNG) to replace AGO in our distribution systems (trucks) and depots.

MEMAN’s advocacy position is founded on three pillars, addressing key aspects of sustainability and progress in the energy industry: