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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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Zulum Calls for More Air Power to Combat Boko Haram, ISWAP

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Zulum Calls for More Air Power to Combat Boko Haram, ISWAP

…CAS Lauds Zulum’s Deradicalization Programme

By: Our Reporter

Borno State Governor, Prof. Babagana Umara Zulum has called for the deployment of additional air platforms to further degrade the capabilities of Boko Haram and ISWAP fighters in the Lake Chad, Sambisa forest l, Timbuktu triangle and Mandara mountains.

Governor Zulum made the call when he received the Chief of Air Staff, Air Marshall Hassan Bala Abubakar, at the Government House, Maiduguri, on Tuesday.

He commended the efforts of the Nigerian Air Force in combating insecurity in the state, providing air cover to ground troops as well as humanitarian support to displaced persons.

“Notwithstanding the enormous contribution to the enhancement of peace and security in the state by the Nigerian Air Force, we still need more in terms of air power in our general Area of Responsibility (AoR), especially in the shores of the Lake Chad, Sambisa forest, Timbuktu triangle and Mandara mountains,” Zulum declared.

“These areas are very difficult to be manned effectively by ground troops alone, we need a heavy air power in order to eliminate the insurgents and address insecurity in the general area,” he added.

Governor Zulum acknowledged the deployment of Unmanned Aerial Vehicles and other platforms to the state and region, assuring to provide all the needed support to enable the service to succeed.

“I wish to assure you that Borno State government remains fully committed to working in partnership with the Nigerian Air Force and other stakeholders to consolidate the gains we have achieved and address the gaps that persist,” Zulum added.

The governor also commended the synergy between the Nigerian Air Force and other services in the counter insurgency operations, noting that it contributed to the recent operational successes.

…CAS Lauds Zulum’s Deradicalization Programme

The Chief of Air Staff, Air Marshall Hassan Bala Abubakar, has applauded governor Babagana Zulum’s deradicalisation and reintegration programme, describing it as successful.

Air Marshall Abubakar also commended the leadership style of the governor which, according to him, has strengthened local governance, foster community resilience and improving critical infrastructure which has contributed greatly to the improvement of the security landscape in the state.

“Let me at this juncture join many others that have commended the Borno model, which is a community-driven non-kinetic strategy developed by the Borno State government to address terrorism and the attendant humanitarian crises in the state. Undoubtedly, it has yielded positive results over the years, most evidently in the Disarmament, Demobilization, Deradicalization programme,” Air Marshall Abubakar remarked.

“The model has been largely successful with the active participation of community-based groups, coupled with its focus on healing and reconciliation rather than punishment, especially for those forced into terrorism. These efforts have positively impacted the security situation across Borno and other states in the North East Zone and should be sustained,”.

“The Nigerian Air Force remains fully committed to ensuring peace and security in the North East, particularly in Borno State. The air component of Operation Hadin Kai has, this year, intensified its tempo of operations to an unprecedented level,” he stated.

Zulum Calls for More Air Power to Combat Boko Haram, ISWAP

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Lagos Tech Hub Backed by Israel to be Opened in Lagos

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Lagos Tech Hub Backed by Israel to be Opened in Lagos

By: Michael Mike

Lagos Tech Hub will soon be opened by Innov8, an Israeli backed technology innovative centre in the country.

Already Innov8 has been involved in building innovators across the country at its facilities in Abuja for some years now.

The Centre has selected no fewer than 40 start-ups (persons) for the fourth rounds of recruitment exercise to be trained and mentored on basics of in innovation.

Innovate8 is an Israeli sponsored technology hub which acts as a focal point for Innovation Start-up Incubation, Technology Transfer, Knowledge & Skill Impartation, Prototype Development and Fabrication.

The not-for-profit, non-governmental organisation , has a mandate to enhance socio-economic growth and human capital development in Nigeria and beyond; through innovation, creativity, entrepreneurship, capacity building and venture creation. As well as to inculcate the culture and instigate the process of innovation, creativity, entrepreneurship and venture creation.

The hub has worked with 132 innovators since its inception in the country.

Speaking on the next plan of the centre, the Israeli Deputy Foreign Minister, Sharren Miriam Haskel-Harpaz, disclosed that the initiative has been able to attract millions of dollars investment into the country.

Haskel-Harpaz said it is part of the efforts to build bridges and people to people connections across the globe.

The Deputy Minister while commending Nigerian youth for their creativity and resilience in the face of all odds, said: “And with the investment of the Tech Fund today that was announced, of a few more millions that were invested in this project, we are happy to announce that we are now opening this project for another 40 startups that will be able to apply now for a new programme and a new internship.

“And I invite the Nigerian brilliant and creative minds to apply to this programme. Where now instead of 20, we’ll have 40 startups that will be able to be chosen. Some of the top ones to make their dream come true.

“To learn the skills on how to develop it and how to produce what they want to advance humanity and to advance your country. I think that this is part of what we’re talking about. The relationship, the government to government, people to people.

“This is what’s building the bridges and strengthening the bonds. It’s important for me also to state and to mention, I’m very happy to come here.”

On the Direct Foreign Investment the initiative has been able to attract, the visiting Foreign Minister said Samsung has invested $250 million on one of the startups, while another one attracted $250,000.

“Yes, we got directly to Tetra, a project called FGCI, it’s $250,000. This is just one project with $250,000, just one of it. You were talking about the graduates. Yes, the graduates and how much investments they were able to bring in. Yes, the graduates, we put, for example, Samsung. Samsung, it’s worth $250 million.

“Samsung bought them. And how much did they invest in it? $250 million. $250 million. Just for another, just one graduate.

“ So I think this is how you need to see it. The investments that we put here in the internship and in teaching them on how to develop their product and how to market it and what comes next.

Three terms, okay, of 20 startups. Okay, now we’re opening the fourth one with the help of the Tetfund and the Minister of Communication. Another 40 startups, but just one that was bought by Samsung brought into this country $250 million, just one of them.

“So it’s remarkable and the sky’s the limit with what is, with innovation and with technology, with healthcare, recycling and building and fashion.”

On expanding the initiative to other part of the country, the Israeli Deputy Foreign Minister said plans are already on going to establish one in Lagos.

She said “So this is the negotiation with the Minister of Technology and Innovation. And we’ve been discussing it. This is a product that’s up and coming.”

Lagos Tech Hub Backed by Israel to be Opened in Lagos

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NAPTIP, Shippers’ Council Collaborate to Arrest Human Trafficking on Waterways

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NAPTIP, Shippers’ Council Collaborate to Arrest Human Trafficking on Waterways

By: Michael Mike

The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) and Nigerian Shippers’ Council (NSC) are to commence a collaborative move aimed at combating human trafficking through Nigeria’s waterways and coastal areas

The Management of the Nigerian Shippers’ Council (NSC) on Tuesday promised robust cooperation, effective collaboration, and sustained synergy with NAPTIP.

The promise was made during a courtesy visit of the Director General of NAPTIP, Binta Bello, to the Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council, Dr. Akutah Ukeyima, at the Council’s office in Abuja.

The visit was part of the strategic engagement of the Director General of NAPTIP with critical Agencies of Government and partners across the Country aimed at enhancing inter-agency collaboration in the fight against human trafficking in Nigeria.

Speaking during the visit, the NAPTIP boss, who described the Nigerian Shippers’ Council as a critical partners, disclosed that due to the intense operation heat on traffickers on the land borders by operatives of NAPTIP, some of the traffickers have now resorted to using the waterways to traffic their victims.

She said, “ As a maritime regulatory body, the NSC oversees critical gateways to the nation’s trade and transportation systems, gateways that are unfortunately also exploited by traffickers to move victims clandestinely via vessels and other maritime routes.

“The shipping, ports, and logistics sectors can play a pivotal role in early detection, prevention, and reporting of trafficking activities, making collaboration between NAPTIP and NSC not only strategic but essential.

“NAPTIP is proposing to deepen engagement with the maritime sector in the fight against human trafficking, especially in sensitisation for identification of potential trafficking cases along the waterways and timely reporting to relevant authorities.

“We propose a collaboration targeting port workers, shipping agents, freight forwarders, crew members, and other maritime stakeholders to identify and report suspected trafficking activities using NSC’s outreach structures, the Nigerian Port Process Manual (NPPM) platforms, and Port Standing Task Team (PSTT) channels to integrate anti-trafficking awareness.

“ Bearing in mind that the fight against human trafficking requires a united, multi-sectoral approach, and that the maritime sector under the regulatory leadership of NSC is a critical partner in closing the trafficking supply chain, NAPTIP expresses its readiness to formalise collaboration through an MoU or agreed action plan for sustained engagement.

“NAPTIP and NSC can strengthen Nigeria’s maritime security, while protecting vulnerable persons from exploitation”, the NAPTIP DG stated.

In his response, the ES/CEO of the Nigerian Shippers’ Council, described human trafficking as one of the most heinous transnational organized crimes that requires the collective effort of all stakeholders and partners to combat.

According to him, the evolving nature of the crime, coupled with the various dimensions and scope, has made it more dangerous, with attendant consequences on innocent victims.

While acknowledging the achievements of the Agency under the watch of the Director General, Binta Adamu Bello, the NSC Boss said, “ It is very important that we partner together and fight this menace. This is a kind of crime that does not give a good image to the Country abroad. It leads to other criminal activities”.

“The maritime sector is not be left alone in this fight to combathuman trafficking in Nigeria. You talked about a stowaway; this is a veritable means of transporting victims to other countries”, he disclosed.

Also speaking, the Board member, MMS, Women of Fortune, Hall of Fame Initiative (WoFHoF), Hajia Lami Tumaka, expressed the readiness of the organization to partner with NAPTIP to combat human trafficking in the Country.

The high point of the visit was the setting up of an interim inter–agency committee to work out the modality and establish the necessary framework for the new counter trafficking collaboration.

NAPTIP, Shippers’ Council Collaborate to Arrest Human Trafficking on Waterways

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