Sylvia, Kyari to Woo Investors to Nigeria Amidst Energy Transition

Nigeria is making efforts to woo investors from US and other European countries into the nation’s oil and gas sector despite growing clamour against fossil fuels. 

Expected to be led by the Minister of State for Petroleum Resources, Timipre Sylvia and the Group Managing Director, Nigerian National Petroleum Corporation Limited (NNPC), the move is coming on the backdrop of the new Petroleum Industry Act (PIA).

While the country has intensified on need to accelerate development of gas assets, as well as sensitisation on local utilisation of the resources, persistent push towards net-zero lay siege to existing hydrocarbon resources in the country amidst drying investment.

Sylvia and Kyari are expected to gather at the heels of the 23rd World Petroleum Congress coming up in Houston from next month to push opportunities for the country.

Details of the event show that both the Minister of State for Petroleum Resources and the Group Managing Director of NNPC would  be keynote speakers in the Nigeria Day- Energy Forum on December 8, being organised by Energy  & Corporate Africa as part of the agenda for the 23rd World Petroleum Congress. 

The Nigeria-Day -Energy forum with the theme: Nigeria-Charting A New Energy Pathway for  Socio-Economic Growth, would showcase to international audience various steps and projects the country is engaging  in the upstream, midstream and downstream sectors to ensure that the global energy expansion and transitions become beneficial for the socio-economic development of the country. 

It will also elucidate the coming of age and the progress so far actualised by indigenous operators in ensuring development of the energy sector and the attractions of the Petroleum Industry Act. 

Also speaking at the forum would be  Wale Tinubu, Group Chief Executive Officer, Oando Plc, and other industry  captains from Nigeria.

The Chief Executive Officer Energy  & Corporate Africa, Sunny Oputa,, organisers of the Nigeria Day -Energy Forum, said the event would provide a platform for all stakeholders and operating companies to present and discuss the new pathway Nigeria is charting in the trending energy transition to elevate its economy through technology, gas and the expected impact of the Petroleum Industry Act and Corporate Social Responsibility Activities in the growth of the national economy.