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Nigerian entrepreneurs access investment opportunities in Africa’s leading energy markets

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Nigerian entrepreneurs access investment opportunities in Africa’s leading energy markets

By: Michael Mike
 
The Invest in African Energies roadshow in Lagos – organized by the African Energy Chamber (AEC) on June 25 – united more than 250 Nigerian entrepreneurs and investors interested in accessing opportunities in Africa’s oil and gas, and energy sectors.

Nigeria is home to the largest number of indigenous service companies, which meet over 75% of service demand from Nigeria’s oil and gas industry and are set to drive Nigeria’s upstream resurgence, as well as provide technical expertise to other African oil and gas markets.

The Invest in African Energies roadshow – preceding the African Energy Week: Invest in African Energy 2024 conference in Cape Town this November – served as a strategic platform for Nigerian companies to engage with stakeholders from other countries and explore regional and Pan-African expansion opportunities.

The AEC Senior Vice President, Verner Ayukegba said: “Nigerian companies have the financial strength and expertise to take advantage of opportunities across the energy sector in Africa. We at the African Energy Chamber encourage this and see it as a win for all involved”.

He reiterated the role of the AEC to attract investment across the entire value chain in Africa, and drive investment.
AEW: Invest in African Energy

www.aecweek.com is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy.

Participating in the roadshow was Africa Global Logistics – a major logistics and port operation player, recently awarded the contract to oversee operations at Namibia’s Walvis Baymultipurpose bulk terminal, which supports oil and gas activities like rig maintenance and repair work. Namibia is currently planning a $2.1-billion port expansion project to enable oil and gas development, creating further opportunities for Nigerian and global investors. 

Within West Africa, Ivory Coast is also seeking upstream investment and technical expertise from established producers like Nigeria. The country made headlines earlier this year with Eni’s discovery of light oil and gas at the Murene-1X exploration well, estimated to hold potential resources of 1.5 billion barrels of oil equivalent. Eni’s previous discovery – the Baleine field – was fast-tracked into production last August and is set to reach 200,000 barrels per day by 2027, as well as represent the first net-zero emissions project in Africa. 

“Today, the biggest investor in oil and gas in the African subcontinent is Eni. They are pumping about $6 billion into Ivory Coast, and they made a discovery,” stated Dr. Nosa Omorodion, SLB Executive Director, Nigeria and West Africa, at the roadshow.

Senegal and Mozambique also hold significant demand for Nigerian oil and gas services, as two of Africa’s fastest-growing LNG markets. In Nigeria, indigenous company BUA Group is spearheading the development of a 700-ton-per-day mini-LNG project, as it seeks to expand its portfolio into the energy sector and leverage its position as one of Africa’s largest food, mining, manufacturing and industrial conglomerates.

Meanwhile, Shoreline Energy International leads a diversified asset portfolio in Nigeria, Liberia, Ghana, Uganda and Angola, focusing on EPC services for the oil and gas industry, power generation solutions, construction and ICT infrastructure. The company’s tailored power solutions could be leveraged in new markets seeking energy security and sustainable energy development.

CEO of Shoreline Energy International, Kola Karim said;“Seeing different players in the oil and gas industry in the room only confirms the value of the AEC to the sector, while building the ecosystem to support the sector”.

Nigerian full-Stream Energy exploration and production company Adelaar Energy also participated in the roadshow, advocating for enhanced gender inclusivity and advancement of women within Africa’s energy industry. Operating in engineering, procurement, consultancy and services, the female-led company is seeking to empower female energy professionals in both mature and emerging markets through training and education, mentorship programs and coaching and sponsorship opportunities, among other gender equality initiatives.
“Seeing more women collaborating in the energy sector and not being afraid to join forces with the male-dominated industry, sharing their unique perspectives and expertise to drive innovation and progress. Together, they’re breaking down barriers, shattering glass ceilings, and creating a more inclusive and sustainable energy future for all,” said Grace Orife, Adelaar Energy CEO and AEC Board Member.

Nigerian entrepreneurs access investment opportunities in Africa’s leading energy markets

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Bomb explodes inside mosque in Maiduguri market, worshippers killed

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Bomb explodes inside mosque in Maiduguri market, worshippers killed

By: Zagazola Makama

Several worshippers were killed on Tuesday after an explosive device detonated inside a mosque at Gamborun Market in Maiduguri, the Borno State capital.

The explosion occurred while worshippers were gathered for prayers, causing panic and chaos within the busy market area.

Eyewitnesses said the blast ripped through part of the mosque, killing some worshippers instantly and leaving others with varying degrees of injuries.

Traders and residents in the area were seen fleeing the scene as thick smoke billowed from the mosque, while others attempted to assist victims before emergency responders arrived.

Security operatives cordoned off the area shortly after the incident to prevent further casualties and to allow for preliminary assessment of the situation.

As of the time of filing this report, the exact number of casualties had not been officially confirmed.

Bomb explodes inside mosque in Maiduguri market, worshippers killed

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Igbo Association Raises Alarm Over Abuja–South East Highways, Seeks Urgent Federal Action

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Igbo Association Raises Alarm Over Abuja–South East Highways, Seeks Urgent Federal Action

By: Michael Mike

Igbo residents in the Federal Capital Territory (FCT), Abuja have expressed worries about the worsening condition of major highways linking Abuja to the South East, warning that continued neglect has turned the roads into serious safety hazards for commuters and businesses.

In a statement released on Tuesday, the Igbo Community Association in the Federal Capital Territory (ICA FCT) said the poor state of the road network had persisted for decades, despite repeated appeals for rehabilitation.

The group in a statement signed by the association’s President General, Engr. Ikenna Ellis-Ezenekwe, and Secretary General, Mazi Emmanuel Chinwoke Onah,

noted that large sections of the highways are riddled with potholes, failed portions and weak security presence, making travel dangerous and discouraging economic activities between the North Central and South East regions.

The group argued that the situation reflects long-standing infrastructure neglect and an uneven distribution of national resources, adding that the dilapidated roads have become attractive routes for criminal operations, including armed robbery and kidnappings.

According to ICA FCT, the impact of the bad roads goes beyond transportation challenges, contributing to youth frustration, reduced commercial exchanges and a growing sense of exclusion among people of the South East. The association urged the Federal Government to declare an emergency on the affected corridors and begin immediate reconstruction to ensure the safety of travelers, particularly during the festive season.

The association also called on lawmakers from the South East and the Minister of Works to take responsibility for restoring the roads to acceptable standards, stressing that infrastructure development is critical to national cohesion and economic growth.

Warning of political consequences, the group said communities in the South East would hold their representatives accountable if tangible progress is not recorded before the 2027 general elections. It added that voters would be mobilized to oppose the re-election of lawmakers perceived to have failed in addressing the issue.

Reaffirming its commitment to the welfare of Igbo people, the ICA FCT said it would continue to advocate for improved infrastructure, enhanced security and equitable development across all regions of the country.
End

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Yuletide: NEMA flags off emergency rescue operation in Gombe

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Yuletide: NEMA flags off emergency rescue operation in Gombe

The National Emergency Management Agency (NEMA), Gombe State, in collaboration with the Federal Road Safety Corps (FRSC) has inaugurated Operation Eagle Eye, to ensure rapid response during the festive periods.

While declaring the operation open in Gombe on Wednesday, the state’s Head of Operations, Mrs. Ummuna Ahmed, said that the initiative was in view of increased road and human activities during the festive season.

Ahmed said that the operation was a strategic initiative designed to enhance timely rescue operations towards saving lives in the event of road traffic crashes, fire outbreaks, and other emergencies.

She reaffirmed NEMA’s commitment to protecting lives and property through effective coordination, early response mechanisms, and the strategic deployment of Search and Rescue personnel.

She appealed to motorists and other road users, to observe traffic regulations, drive responsibly, and cooperate with emergency responders to minimise preventable incidents.

“As part of the operation, NEMA Search and Rescue teams have been strategically deployed along major routes linking Gombe State to neighbouring states.

“These include the Gombe–Bauchi, Gombe–Yola, Gombe–Maiduguri, and Gombe–Kano corridors.

“The routes were identified based on their high traffic volume and strategic importance, with emergency personnel and assets, positioned to ensure swift intervention and life saving support whenever the need arises,” she said.

Ahmed urged members of the public to promptly report emergencies through appropriate channels to enable timely response.

She expressed NEMA’s readiness to respond promptly to emergencies, in collaboration with relevant stakeholders to ensure the success of Operation Eagle Eye.

On his part, the Sector Commander of FRSC in the state, Mr Samson Kaura, said that motorists would be sensitised on the need to observe traffic rules and regulations during and after the yuletide celebration.

Kaura said that the collaboration with NEMA was to ensure quick response to emergencies towards saving lives and property in cases of crash.

The News Agency of Nigeria (NAN) reports that following the inauguration, two emergency incidents were recorded at the Bauchi road axis of Gombe State, involving a total of seven casualties.

No deaths were however recorded.

The victims were promptly rescued and evacuated to the Federal Teaching Hospital, Gombe, for medical attention. recorded.

Yuletide: NEMA flags off emergency rescue operation in Gombe

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