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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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One killed, another injured in Kum village ambush in Riyom

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One killed, another injured in Kum village ambush in Riyom

By: Zagazola Makama

A man was killed and another critically injured on Tuesday night following an ambush by unknown gunmen in Kum village, Riyom Local Government Area of Plateau State.

The victims, identified as Joshua Ezekiel, 48, and Dung Jatau, 51, were reportedly riding on a motorcycle along the Riyom to Kum road at about 8:15 p.m. when they were attacked by armed men who opened fire on them.

Residents said the injured were rushed to the General Hospital in Riyom, where Ezekiel was pronounced dead on arrival. Jatau is currently receiving medical treatment and is said to be in stable condition.

Tension remains high in the area as locals express concern over the safety of rural commuters, especially during evening hours.

Community leaders in Riyom have called for calm and urged residents to remain vigilant. Meanwhile, efforts are underway to identify and apprehend the attackers.

Police said they have lunched investigation into the incident.

One killed, another injured in Kum village ambush in Riyom

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Northeast Governors renew call for joint action on insurgency, poverty at 11th forum meeting

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Northeast Governors renew call for joint action on insurgency, poverty at 11th forum meeting

By: Zagazola Makama

As security concerns and economic hardship continue to weigh heavily on Nigeria’s Northeast region, governors of the six states converged on Damaturu, the Yobe State capital, on Thursday to chart a common path for peace, recovery, and prosperity.

The 11th meeting of the North-East Governors’ Forum (NEGF), held at the Banquet Hall of the Government House, witnessed robust deliberations, passionate appeals, and renewed calls for unity, collaboration, and strategic action against the persistent threat of insurgency and deepening poverty in the region.

Chairman of the Forum and Governor of Borno State, Prof. Babagana Umara Zulum, CON, led the charge in his opening address, painting a stark picture of the challenges facing the region and urging urgent collective action to change the narrative.

“It is with a deep sense of honour and responsibility that I welcome Your Excellencies to this 11th meeting of the vibrant North-East Governors’ Forum,” Zulum said.

He described the current economic situation in the region as dire, noting that food insecurity, rising transportation costs, poor healthcare, and the erosion of purchasing power had deepened the suffering of the people.

“We must take bold steps to address the poverty crisis, which is not just an economic issue but also a social and humanitarian emergency,” he said.

The Borno governor commended the Nigerian Armed Forces for their ongoing sacrifices in the fight against terrorism, but called for a review of operational strategies in light of recent Boko Haram attacks in some areas.

“The re-emergence of insurgent attacks is alarming and could undermine the successes already recorded. I humbly suggest that the military revisit its strategy and adopt more offensive operations,” Zulum stated.

While reaffirming the importance of agriculture as a key to regional development, Zulum emphasized that farming alone could not lift the region out of poverty. He advocated for the establishment of small and medium-scale industries, backed by improved infrastructure, incentives for private investment, and promotion of innovation.

He called on his fellow governors to invest in roads, electricity, clean water, and youth empowerment initiatives to reverse the tide of unemployment and restiveness.

“We must diversify our economy, reduce poverty, and equip our young people with the skills and opportunities they need to thrive,” he said.

Zulum also warned of impending environmental threats, urging states to act on flood warnings issued by the Nigerian Meteorological Agency (NIMET).

“We must take the warnings seriously. The consequences of inaction are too devastating,” he said.

Zulum reminded his colleagues that regional success depends on unity of purpose.

“As governors, we have a sacred duty to our people. We must support each other and prioritize their needs. Our individual successes are tied to our collective progress,” he said.

He concluded by introducing the new Director-General of the Forum, Umar Musa Gulani, a seasoned public administrator and former Director at the Office of the Secretary to the Government of the Federation.

In his welcome remarks, Governor Mai Mala Buni of Yobe State thanked his counterparts for honoring the invitation and expressed optimism that the forum would yield new strategies to combat insecurity and economic stagnation.

Buni described the Forum as a “critical platform” for collaboration and policy alignment, especially as the region grapples with renewed attacks from Boko Haram and its use of modern technology in assaults.

“This meeting is timely. We must act fast to consolidate our gains in peacebuilding and economic recovery,” he said.

He called for resolutions from the meeting to be shared with federal security agencies to boost coordination and rapid response mechanisms.

Governor Buni also expressed appreciation to President Bola Ahmed Tinubu for his support and leadership, and extended gratitude to the armed forces, Civilian Joint Task Force, and volunteers for their sacrifices.

On economic revitalization, he echoed Zulum’s call for investment in mechanized agriculture, employment generation, and sustainable livelihood programmes.

“We must make agriculture attractive, affordable, and profitable to harness our natural and human resources,” he said.

The governors pledged to continue working with international and local development partners to rebuild communities, resettle displaced persons, and expand regional infrastructure.

The meeting is expected to produce resolutions aimed at strengthening joint security operations, coordinating humanitarian interventions, and promoting regional trade and investment.

As the region continues its long road to recovery, the voices from Damaturu reaffirmed one thing: that the path to peace and prosperity lies in unity, shared vision, and bold action.

Northeast Governors renew call for joint action on insurgency, poverty at 11th forum meeting

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Crime

Police successfully rescue kidnapped ward head in Benue

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Police successfully rescue kidnapped ward head in Benue

By: Zagazola Makama

The Benue State Police Command has successfully rescued Dickson Idu, the Ward Head of Ehatokpe Ohimini, who was abducted on April 30, 2025.

Police sources told Zagazola Makama that the victim was kidnapped from his residence in Ohimini Local Government Area (LGA).

Upon receiving the information, the Commissioner of Police, Benue State, directed the Acting Area Commander Otukpo, the Officer-in-Charge of the Anti-Kidnapping Unit, and a team of officers to immediately proceed to the area and ensure the safe rescue of the victim.

At approximately 8:45 a.m., a combined team of armed conventional policemen, the Anti-Kidnapping Unit, and personnel from the Benue State Civil Protection Guard, supported by Ohimini youths, launched an operation in the Ojanu/Ijami Village forest. The team conducted an intense combing operation, utilizing smoke canisters to pressure the kidnappers.

The strategy paid off, and at about 3:25 p.m., the kidnappers, feeling the heat of the search, released their captive. Dickson Idu was successfully rescued and has been debriefed and reunited with his family.

The sources said while no arrests have been made so far, the police have assured that investigations are underway, with efforts to apprehend the suspects continuing.

Police successfully rescue kidnapped ward head in Benue

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