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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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Ambassador Mamman hails Buratai’s legacy, urges youth mentorship

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Ambassador Mamman hails Buratai’s legacy, urges youth mentorship

By: Zagazola Makama

Ambassador Yusuf Mamman, former Nigerian envoy, has lauded the leadership and reforms of retired Lt.-Gen. Tukur Yusuf Buratai, former Chief of Army Staff, describing him as a “soldier’s soldier” whose tenure transformed the Nigerian Army’s doctrine, structure, and innovation.

Mamman, who chaired the public presentation of the book Life Principles for Greatness from the Life of Lt.-Gen. Tukur Yusuf Buratai, said he accepted the role without hesitation because the work offered lessons for Nigeria’s youth.

He recalled that Buratai rose from a cadet in the Nigerian Defence Academy to become Chief of Army Staff at a time the country faced the existential threat of Boko Haram insurgency.

“He came at a very challenging and difficult time in our national history, when Boko Haram posed the biggest existential threat to Nigeria’s sovereignty and territorial integrity since the civil war,” Mamman said.

According to him, Buratai spearheaded deep and profound changes that reshaped military doctrine, operations, and troop welfare, laying the foundation for the ongoing modernisation of the Nigerian Army.

“He never sought to take credit, but his works were very evident and clear. The master plan for the Army’s modernisation we are following today was driven by his vision,” he added.

Mamman also linked Buratai’s example to the need for youth empowerment, noting that Nigeria’s young people are making significant contributions in technology, media, and the creative industry.

“We must give them the enabling environment to harness their creativity for national greatness. Our future relies on the resilience, creativity, and scholarship of our youth,” he said.

The event, held in Abuja Intercontinental Hotel attracted dignitaries including Senior Military Officers, both serving and retired, Sen. Abdulaziz Yar’adua, Chairman Senate Committee on Army, and other prominent Nigerians.

Ambassador Mamman hails Buratai’s legacy, urges youth mentorship

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Kachalla Alti kills rival bandit kingpin, Dankarami Usaini in Zamfara community

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Kachalla Alti kills rival bandit kingpin, Dankarami Usaini in Zamfara community

By: Zagazola Makama

A feared bandit kingpin, Kachalla Alti, has killed a fellow gang leader in Matsuki village, Tsafe Local Government Area of Zamfara State, in what residents described as a deadly supremacy battle.

Zagazola gathered from sources that the incident, which occurred at about 4:45 p.m. on Monday, has left the community tense and largely deserted.

Witnesses said the slain bandit, identified as Dankarami Usaini, 40, a Hausa native of Matsuki, had long operated from the Dangajeru forest, allegedly extorting residents and attacking those who resisted.

According to locals, Dankarami was in the village to collect levies on behalf of Kachalla Alti, the younger brother of notorious armed gang leader, Adamu Alero.

However, discontent had been brewing among residents over the “excessive harassment” by Dankarami. They reportedly reached out to Kachalla Alti to intervene. Kachalla Alti stormed the village with his men and shot Dankarami dead on the spot.

Following the killing, many residents fled to nearby villages, fearing retaliatory attacks from Dankarami’s loyalists.

Local sources said tension remains high, with sporadic gunfire heard in nearby forest routes.

Kachalla Alti kills rival bandit kingpin, Dankarami Usaini in Zamfara community

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Police, hunters search for kidnapped septuagenarian in Gombe

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Police, hunters search for kidnapped septuagenarian in Gombe

By: Zagazola Makama

Police in Gombe State, in collaboration with local hunters, have launched a search for a 60-year-old man abducted by gunmen in Funakaye Local Government Area.

Sources said the incident occurred on Tuesday at about 12:30 a.m., when about seven armed men stormed the Ganti area of Abuku village via Ribadu Bajoga and kidnapped one Muhammadu Lawal to an unknown location.

Upon receiving the report from the village head of Bage, a joint team of police operatives and hunters mobilised to comb nearby communities in an effort to rescue the victim unhurt.

The sources said no arrests had been made as of the time of filing this report.

Police, hunters search for kidnapped septuagenarian in Gombe

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