Investments, deal-making and the energy transition are at the top of the agenda at African Energy Week 2021

As a prelude to the African Energy Week (AEW) 2021, which will take place on November 9th and 12th in Cape Town, the Executive Chairman of the African Energy Chamber (AEC) (, NJ Ayuk, Nigeria will be on the 5th 10. July 2021; Focused on assisting the country in its efforts to pass the petroleum industry law and market the country as a competitive investment destination, Ayuk will hold high-level meetings with industry leaders and open a dialogue on the value of AEW 2021; Key points of discussion include Nigeria’s role in the energy transition in Africa, the potential of natural gas, the value of local content and intra-African energy trading.

The African Energy Chamber (AEC) reaffirms its commitment to Nigeria with a planned visit by AEC Chairman NJ Ayuk from July 5-10, 2021. With the aim of supporting Nigeria in its efforts to pass the Petroleum Industry Bill, market the country as a prime investment destination and promoting African Energy Week (AEW) 2021 as the ideal networking platform for Nigerian oil and gas companies, Ayuk prioritizes pan-African partnerships and continent-wide energy growth.

Ayuk is committed to Africa-focused dialogue and will include private meetings with government officials, National Oil Company leaders and private sector executives. In addition, the AEC will host a cocktail event for the Nigerian business community where networking and partnerships will be a priority as a kick-off to AEW 2021.

“Nigeria is a particularly lucrative market in which investment and development should be directed. AEC firmly believes in partnerships and collaboration between the African energy sector and therefore reaffirms its commitment to the Nigerian people and energy, ”said Ayuk.

With over 187 trillion cubic feet of natural gas reserves, Nigeria has the potential to promote energy access and security, boost job creation and industrialization, and fuel socio-economic growth across the region. In response to the growing opportunities in the natural gas sector, Ayuk – accompanied by Florival Mucave, Executive Chairman of the Mozambique Oil and Gas Chamber – will visit various gas projects and development sites across the country. By focusing on a productive dialogue about effective gas monetization and use, both Ayuk and Mucave aim to forge long-term partnerships with Nigerian companies and executives to accelerate energy sector growth and poverty alleviation across the continent.

“With amazing talent and skills, and by nurturing real partnerships with the right companies, Nigerian oil and gas companies can inspire other African companies to grow in the energy sector. Through these partnerships we will see greater energy independence and private sector growth across Africa, ”continued Ayuk.

Throughout the visit, Ayuk will initiate a discussion on the African energy transition and reaffirm the value of inclusivity and equity within Nigeria’s just transition. Acknowledging the diverse economic realities both globally and across Africa, Ayuk is focused on collaborative dialogue regarding Nigeria’s proposed strategies to achieve net zero emissions by 2050.

In addition, the visit includes key discussion topics such as African local content and intra-African trade – with a special focus on trade between African nations. Ayuk’s visit is intended not only to demonstrate the continued support of the AEC, but also to help fuel investment and development in one of Africa’s most prestigious oil and gas markets. By prioritizing the inner-African expansion of the private sector and motivating Nigerian companies to participate more in the broader African energy market, Ayuk underscores the role of the private sector in accelerating continental energy success.

With the start of AEW 2021 in Cape Town on September 9-12. By November 2021, Ayuk aims to unite global investors with Nigerian oil and gas opportunities. By focusing on networking and partnerships and presenting a platform where global stakeholders and industry leaders can make decisions about Africa’s energy future, AEW 2021 recognizes the role of Nigeria and its significant contribution to the success of the African energy sector.

Distributed by the APO Group on behalf of the African Energy Chamber.

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June 28, 2021 at 1:22 PM GMT

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