Ibe Kachikwu, Minister of State for Petroleum Resources, will join other speakers at the inaugural conference of the Future Energy Africa 2018.
The Future Energy Africa Oil and Gas conference and exhibition which comes up on 1-3 October, 2018 at Cape Town International Convention Centre 2, South Africa with over 50 participating countries, will be bringing together over 2000 senior executives in oil and gas industry in Africa, with Nigeria as a key participant.
Speaking recently in Lagos, Afe Mayowa, the Managing Director, Danvic Petroleum International, said that the 3-day integrated event will be a new meeting point for key industry players as well as potential investors in oil gas, and energy value chain in Africa.
According to him, with over 1,500 global industry attendees, more than 300 conference delegates, over 60 conference speakers, 24 interactive sessions among others and Nigeria as a major player in the continent’s oil and gas industry will have her participants drawn from government functionaries, policy makers, industry players and other stakeholders in the Nigerian oil and gas industry, adding that these participants will be there to tell the Nigerian story and showcase to the world, the huge investment potentials in the country.
“We need a lot of investors in the energy sector, oil and gas. There are so many investments that are begging for partnership in Africa. We have marginal field coming up and Nigerians are participating in it and we have people who want to hear stories about Nigeria.
“One good thing about Nigeria is that when foreign investors come, they don’t like to go back. Their experience of those who have been to Nigerian shows that it is a place that is so pleasant and people when people are transferred out of here, they don’t want to go again”, Mayowa said.
Speaking also, Margaret Nongo-Okojokwu, Editor, Orient Energy Review, said that as technology advances and nations’ population increases, there will be imminent increased demand for energy.
She said, “The demand for energy in the future will increase and Africa needs to be ready. If at the level where we are, we are having this level of challenge in power, imagine when that time comes, when the demand would have tripled in terms of energy and consumption.
“That is why we need events like this to get us talking, to get us into the boardroom and to help us map the way out. Let’s start finding solutions to our problems. So, it is not just about power, it is about oil, it is about gas, it is about the renewable which is more like the future of energy in Africa.
“If we keep waiting for the enabling environment, we won’t get anything done. So, the time to start is now. This is the time for Africa. It is time to channel and build up our future and this is the future we are looking at. We can’t continue the way we are, we need to look ahead and move forward”, she added.