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Punch Newspapers punchng.com 01 Aug, 2022 07:30 am

Sahara Group canvasses seamless energy transition in Africa

Sahara Group canvasses seamless energy transition in Africa
Sahara Group said on Sunday that the 2022 Nigeria Annual International Conference and Exhibition of the Society of Petroleum Engineers should lead the conversation of exploring best possible policies and partnerships to propel seamless energy transition for Africa.

1st August 2022 1st August 2022 Sahara Group said on Sunday that the 2022 Nigeria Annual International Conference and Exhibition of the Society of Petroleum Engineers should lead the conversation of exploring best possible policies and partnerships to propel seamless energy transition for Africa.” Gray, who would moderate a panel on ‘Driving the Net-Zero Global Energy Transition in an Inclusive Manner’ at the conference, added that a sudden and sweeping deviation from a fossil fuel dominated energy sector might leave developing economies in dire straits.Related News FG partners Japan on $200m power transmission expansion programme Nigeria to partner Egypt on power transmission, distribution FG upgrades 330KV transmission line capacity to 1,500MW “On the contrary, the absence of traction in the energy transition movement is likely to come at a significant cost to the continent and leave us stranded due to radical changes in policy direction and demand for our main export commodities.She was quoted as saying, “As a continent where a significant number of countries operate a mono-cultural economy or at a minimum, are highly dependent on revenue from fossil fuel development and production as the main driver of economic activity, the anticipated rate of change should take cognisance of Africa’s peculiar situation.

Speaking ahead of the event in a statement issued by the spokesperson, Sahara Group, Bethel Obioma, the oil firm’s Director, Governance and Sustainability,  Ejiro Gray, said Africa had a peculiar situation that required a different approach.She added, “A better way would be for developed countries to smooth the transition by offering three resources to emerging economies: time to adjust, financial aid, and policy assistance.

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