At the recently concluded Nigeria International Energy Summit (NIES), themed, “From Blueprint to Reality: Navigating Nigeria's Gas Decade and Balanced Narrative on Energy Transition,” our Managing Partner, Ms. Chinenye Uwanaka, who participated as a panellist, emphasised the following points:
Implementation is key! Despite having several blueprints such as the Gas Masterplan and Energy Transition Plan, Nigeria struggles with execution. We need the right people in the right roles and stakeholders to drive change. It is time for a private sector-led approach to ensure Nigeria's decade of gas becomes a reality.
The process must be private sector-led. Everyone is a key player in ensuring that Nigeria’s decade of gas moves from blueprint to reality.
Without a clear vision, industrialisation becomes a challenge. Nigeria's path to industrialisation hinges on clear energy goals as well as the need for coordination in our laws and policies. We need to decide if gas is our destination fuel.
Do we want gas to be our destination fuel? What do we want to achieve in the short/medium term?
The issue is not the inadequacies of laws and policies, but rather the challenges in Nigeria's rule of law, enforcement of contracts, and access to justice. She stressed the need for effective enforcement to attract investors. To leapfrog, we must rethink our approach to energy, enforcement of contracts and industrialisation.
Do you agree that the state of Nigeria’s rule of law, enforcement of contracts, and access to justice has stalled its energy sector from leapfrogging into a dominant position in the global energy market?
