NEG, NCDMB, others identify finance, time, action as crucial

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Panelists at the recent Seplat Energy Summit in Abuja have identified finance, time, action, among others, as critical to Nigeria’s quest

The panelists were Oscar Onyema, Group Chief Executive Officer of Nigerian Exchange Group Plc; Simbi Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board ; Mike Sangaster, CEO of Total Nigeria; and Miguel Azevedo, Citigroup’s Head of Investment Banking for the Middle East and Africa.

Also in the plan, according to him, is a tree-planting initiative and replacement of diesel generators with renewable energy. Similarly, Wabote said Africa, especially Nigeria, needs capital injection and behavioral changes to achieve the energy transition. “If we continue to depend on international bodies for funds, we may never get there; we need companies, like Seplat, for the energy transition. We need to prepare properly for the transition.”

 

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