• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Tuesday, July 1, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Africa should reposition energy industry for the future – Seplat

Energy

The Matters Press by The Matters Press
November 15, 2023
Reading Time: 2 mins read
0
Stakeholders brainstorm on Nigeria’s energy transition plan

Lagos, Nov. 15, 2023: Mr Roger Brown, Chief Executive Officer, Seplat Energy Plc, says Africa should reposition the energy industry for the future and become more efficient with its resources.

RELATED POSTS

Transformational in FCT in line with Tinubu’s Renewed Hope agenda

Ignore Atiku’s claim to dilute historic mechanised farming deal with Belarus

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

Brown said this at the 41st Nigerian Association of Petroleum Explorationists (NAPE) International Conference and Exhibition on Tuesday in Lagos.

Brown delivered a stakeholder contributions which has the theme; “Repositioning the Oil & Gas Industry for Future Energy Dynamics”.

He urged African countries to accept that energy has role to play in the future of the continent, and the integration of the energy value chain is essential for the continent’s anticipated progress.

Brown said: “Repositioning the oil and gas sector for the future requires the understanding of certain fundamentals, including accepting the fact that the sector will have a key role to play well into the future.

“Particularly in Africa; that the energy industry needs to become much more efficient with its resources; and that the integration of the energy value chain is essential.

“Also, a functioning energy backbone (Base load) is a barrier to wide-scale renewable energy.

“In all these, we must come to terms with the fact that development and environment must not become competing objectives.” he said.

He said energy was critical to the region’s economic and social development.

Brown said, according to industry data, more than 600 million Africans have no access to energy and more than 900 million Africans do not have access to clean cooking, while eight per cent energy access in rural West Africa.

“And fewer than half of the utilities in sub-Saharan Africa recover their operating costs.

“Every year, the 48 countries of sub-Saharan Africa (combined population approximately 1bn) generate roughly the same energy as Spain (with a population of approximately 45 million),” he said.

According to him, industry sources say five-fold increase in investment is required to reach United Nations’ Sustainable Development Goal 7 by 2030.

“There are 17 SDGs for Africa to achieve.

“For the energy outlook, achieving Africa’s energy and climate goals means more than doubling energy investment this decade; of which the goal of universal access to modern energy calls for investment of USD 25 billion per year.’’

Tags: Energy
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Property owners besiege FCT office to pay ground rent
Economy/Technology

Transformational in FCT in line with Tinubu’s Renewed Hope agenda

June 30, 2025
China’s agricultural wholesale products prices continue to drop
Agriculture

Ignore Atiku’s claim to dilute historic mechanised farming deal with Belarus

June 29, 2025
$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
Next Post
Customs generates N493.75bn in TinCan Island

Customs generates N3.05bn in 10 months in Seme border

NLC to introduce detention allowance for members

NLC urges affiliated to ensure compliance on Wednesday

Recommended Stories

Bank of Tanzania warns against fake dollars

As Kenya’s diaspora inflows rise; state promotes stocks, bonds

January 7, 2024
States ignore their responsibilities, snub governance

States ignore their responsibilities, snub governance

February 16, 2024
NPA begins fencing of Tincan Port

NPA begins fencing of Tincan Port

March 4, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Transformational in FCT in line with Tinubu’s Renewed Hope agenda
  • Ignore Atiku’s claim to dilute historic mechanised farming deal with Belarus
  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us