July 23, 2024

… event set to focus on vital pillars of security, transition, finance


Emmanuel Oduara

President Bola Tinubu’s administration is set to host its first Nigeria International Energy Summit (NIES) between February 26 to March 1, 2024, bringing together government institutions, private sector, and civil society leaders to discuss the vital pillars of security, transition, and finance, aiming to ensure a sustainable, secure, and economically viable energy future under the theme “Navigating the New Energy World Order: Security, Transition, and Finance.”


The 7th edition of the NIES in 2024 is anticipated to serve as a pivotal forum, offering a roadmap for the incoming administration in Nigeria and the broader African region, as the new Nigerian government aims to execute vital strategic measures to uphold its global energy transition leadership.


Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), in a statement endorsing the event, announced that the 7th edition of NIES is expected to be the premier and official oil and gas meeting in Nigeria, attracting both local and international stakeholders.


He stated that the theme ” Navigating the new energy world order security, transition, and finance” aligns with the Government’s aim to match Africans’ attractiveness to the right investment partnership while ensuring greater participation and engagement of indigenous businesses in the sector.


He said, “Within the challenges and climate change and energy transition lie the opportunities for a future where Nigerian’s abundant hydrocarbon resources play a central role in powering our nation, African region, and the world at large, and at the same time, we will be safeguarding our environment.”


Ekperikpe Ekpo, Minister of State Petroleum Resources (Gas), has announced that the Nigeria International Energy Summit (NIES) is the only official industry trade event of the federal government, with the approval of the Federal Executive Council (FEC), and that the upcoming edition will be the first to be held under the current administration.


He stated that the importance of NIES 2024 becomes even the most significant, adding that President Bola Tinubu, will be the special guest of honour.


He further stated that NIES 2024 will feature the highest level of attendance by top decision-makers, industry leaders, and stakeholders from both the public and private sectors across Africa and the global energy community.


James Shindi, Chief Executive of Brevity Anderson, organizing the annual Nigeria International Energy Summit (N.I.E.S) on his part disclosed that the event pivotal event in the energy domain is set to serve as a platform for in-depth discussions on the latest advancements and prospects in Nigerian energy industry.


He said, “Part of our mandate is to crystalise the ideas coming from the event and streamline them into workable policies that the government can take a look at and possibly implement.


“The growing popularity of the event has led to it becoming a must-attend industry event, attracting top-level attendees from 65 countries.


Speaking on the theme of the 2024 edition, Shindi said, “Navigating the New Energy World Order: Security, Transition, and Finance,” will focus on discussions, interactions, and high-level deals in the energy sector, with an emphasis on attracting investments, showcasing Nigeria’s energy potential, and fostering global collaborations and technology transfers.


He added that the summit is expected to play a pivotal role in shaping a prosperous and sustainable future for Nigeria’s energy sector through innovation, collaboration, and excellence.


He said, “Securing energy infrastructure is crucial due to rising geopolitical tensions and cyber threats, necessitating investments in physical and digital security measures, diversification of energy sources, and efforts to combat energy poverty.


The Chief Executive of Brevity Anderson further emphasised that combating energy poverty requires a collaborative effort from governments, the private sector, and civil society, implementing a combination of strategies that include all energy sources from fossil fuels to renewables, and securing sustainable investments through collaboration between governments and financial institutions.