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Nigeria’s energy transition challenges to gain traction at confab

by Matthew Atungwu March 3, 2023
written by Matthew Atungwu March 3, 2023
570

As international industry experts assemble at the Middle East Energy Conference, the lingering energy crisis in Nigeria, potential solutions to the bottlenecks, and routes to the energy transition in Africa will be in the spotlight.

The conference, set for Dubai the following week, would suggest giving Nigeria and the African energy crisis some wiggle room in the midst of the energy transition.

Ade Yesufu, Exhibition Director, Energy Portfolio – MEA, Informa Markets, lamented the current energy situation in Nigeria while emphasizing the importance of maintaining the right political will and policy in order to inspire investor confidence and make the sector bankable.

According to him, the event would present solutions that will help address metering challenges, improve existing infrastructure, connect Nigeria to necessary investors and expose the country to innovations that would improve the sector.

Noting that the country’s economy and industrial agenda will be feasible if energy deficit is bridged, Yesufu said the exhibition offered opportunities to engage investors and technology that would improve electricity challenges in the country.

According to him, Middle East Energy provides a unique platform for energy leaders to debate and shape the future and join forces to plot the best route through the energy transition.

Read Also: buhari-inaugurates-borno-gas-power-plant

Yusufu said: “The value of Middle East Energy to Nigeria and the MEA region is its ability to gather all the key players in the global energy sector under one roof to showcase and discover thousands of energy innovations and solutions. Over the years, the event has been instrumental in driving transformation across energy industries as it offers a platform for unmatched opportunities in terms of engagement, networking, and investments. From uncovering solutions to critical business challenges to connecting buyers to energy product suppliers, Middle East Energy is a full-service channel to transform the energy sector and drive energy transition globally.”

Organized by leading global exhibitions organizer Informa Markets, the 48th edition of the event is bringing together buyers and sellers from across different countries to explore the latest advancements in energy products and solutions. It will provide unmatched opportunities to network with international energy suppliers, discover products and solutions that are changing the energy landscape, and build long-lasting business relationships.

Conference Director, Energy Portfolio – MEA, Informa Markets, Afrah Packirsaibo noted that the event would prioritize innovation and technology towards net-zero, especially energy solutions like hydrogen and solar.

She noted challenges such as access to finance, improved infrastructure, security, digital technology mini-grid technology, and gas to power.

Noting that utility companies across Africa are billed to attend the programme, Packirsaibo said the platform would serve as a bridge where technology manufacturers, government, and investors would meet to proffer solutions to global energy issues.

Packirsaibo said, “The theme guiding this year’s event focuses on implementing solutions to modern energy challenges. All the solution providers and innovations to be explored at Middle East Energy are powered to drive the energy transition forward whether that is through energy efficiency, decarbonization, digitalization, or enabling critical infrastructure to be future-ready.”

Story adapted from The Guardian

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