NAEC Conference Unites Top Energy Players to Transform Nigeria’s Energy Landscape

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In an official statement released by the Association of Energy Correspondents of Nigeria (NAEC), it has been announced that a gathering of prominent stakeholders, industry leaders, and experts is scheduled for October 5, 2023. This international strategic annual conference aims to address the ongoing decline in investments within Nigeria’s energy sector and explore opportunities for revitalization.

According to Opeoluwani Akintayo, the Public Relations Officer of NAEC, this conference will serve as a platform for captains of the industry, regulatory bodies, lawmakers, and various stakeholders to come together and collaboratively tackle issues affecting the energy sector’s operations, growth, prospects, and investment opportunities.

The conference’s theme, “Nigeria’s Energy Transition: Enhancing Investment Opportunities and Addressing Challenges in the Oil and Gas Sector,” is expected to draw a significant audience from across the nation and beyond.

NAEC Chairman, Olu Phillips, emphasized that this year’s conference will feature expert insights on how Nigeria can effectively execute its energy transition plan, targeting a net-zero carbon emissions goal by 2060.

“Nigeria’s commitment to reach net-zero emissions by 2060, albeit ten years behind the United Nations’ target of 2050, demands urgent attention to accelerate investments and policy implementations for a successful energy transition,” said Phillips.

The conference’s keynote address will be delivered by Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL). Audrey Ezeigbo, Managing Director and Chief Executive Officer of Falcon Corporation, will serve as the conference’s Chairman for the second time.

The event is expected to host a wide array of stakeholders, including representatives from the Ministry of Petroleum Resources, Nigeria Upstream Regulatory Commission (NUPRC), Nigeria Midstream and Downstream Regulatory Authority (NMDPRA), Nigeria Content Development and Monitoring Board (NCDMB), Independent Petroleum Producers Group (IPPG), Nigerian Gas Association (NGA), Nigerian LPG Association (NLPGA), and the Major Oil Marketers Association of Nigeria (MOMAN).

Prominent CEOs from companies such as Chevron, ExxonMobil, TotalEnergies, Shell, Seplat Energy, Axxela, Oando, Ikeja Electricity Distribution Company, EKO Electricity Distribution Company, Transmission Company of Nigeria (TCN), NIMASA, NERC, NEITI, ANED, AA Holdings, PENGASSAN, NALPGM, and the Nigeria Labour Congress (NLC) are also expected to attend.

The conference will feature panel sessions addressing critical topics, including Energy Transition, the Petroleum Industry Act (PIA), Petroleum Pricing, the Downstream Sector’s Future, and the Power Sector, where issues, challenges, opportunities, and potential solutions will be thoroughly examined.

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