By Ajong Mbapndah L
The 2025 Nigeria International Energy Summit N.I.E.S is not just another conference as it is the gateway to unlocking unparalleled opportunities in Africa’s largest energy market, says Dr James Shindi, CEO of Brevity Anderson, event producers of NIES.
In a Q & A with Pan African Visions (PAV) Dr Shindi says Nigeria stands at the forefront of the global energy transition, and N.I.E.S provides a unique platform to engage directly with key decision-makers, policymakers, and industry pioneers shaping the future of energy.
This year’s summit promises to be the largest and most impactful yet, as it will bring together a robust lineup of industry leaders, policy-makers, innovators, and investors, says Dr Shindi
How are preparations going for the 2025 Nigeria International Energy Summit ?
Preparations for the 2025 Nigeria International Energy Summit (NIES) are progressing exceptionally well. This year’s summit promises to be the largest and most impactful yet, as we have brought together a robust lineup of industry leaders, policy-makers, innovators, and investors. Our team has been working tirelessly to ensure that every detail, from program development to delegate experiences, reflects our commitment to excellence and innovation.
As the event date approaches, we remain focused on delivering a summit that not only addresses industry challenges but also unlocks new opportunities for collaboration and growth. We look forward to welcoming everyone to Abuja for this landmark event.
In terms of impact, how have the Summits impacted the energy fortunes of Nigeria?
Since 2018, the Nigeria International Energy Summit (NIES) has become Nigeria’s premier platform for transformative energy discussions and policy innovation. Officially endorsed by the Federal Government, it fosters partnerships and actionable solutions for the energy sector. NIES emerged from a vision to save millions in foreign exchange by eliminating costly delegations to Houston’s Offshore Technology Conference, positioning itself as a driver of energy transformation in Nigeria.
NIES has catalyzed key initiatives, including Nigeria’s exit from Joint Venture cash calls, unlocking private investment, and launching the Decade of Gas initiative. Projects like the $2.8 billion Ajaokuta–Kaduna–Kano gas pipeline, the $5 billion NLNG Train 7 project were unveiled at the summit.
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) utilized the NIES platform to engage stakeholders for the Marginal Bid Round. The result was securing over N200 billion and $7 million for the Federal Government while empowering 161 firms with Petroleum Prospecting Licenses.
The summit’s advocacy for the Petroleum Industry Bill culminated in its passage into law as the Petroleum Industry Act (P.I.A). But N.I.E.S. didn’t stop there, it hosted a robust debate on the final version of the Act, ensuring it reflected the aspirations of stakeholders and the nation.
In terms of potential and opportunities available, what message do you have for investors and any tips on how to navigate the market ?
Nigeria presents an incredible opportunity for investors in the energy sector due to its vast natural resources, growing energy demand, and increasing focus on energy transition. The country holds the largest proven natural gas reserves in Africa, significant crude oil resources, and an untapped potential for renewable energy sources such as solar, wind, and hydropower. With a population of over 200 million people and a burgeoning industrial sector, the energy demand is set to grow exponentially, creating lucrative opportunities for local and international investors.
To navigate the Nigerian energy market, you need to understand the regulatory environment by familiarizing yourself with key policies, including the Petroleum Industry Act (PIA), which provides clarity on fiscal terms and governance in the oil and gas sector. You also need to engage in local partnerships by collaborating with established local players who understand the market dynamics and regulatory landscape. More so, Local content requirements in energy projects make partnerships with Nigerian firms essential.
More importantly, you need to mitigate risks strategically by conducting thorough due diligence to address potential challenges like currency volatility, bureaucratic delays, and infrastructure gaps.
Nigeria’s energy sector offers diverse opportunities for transformative investments. Success in this market requires a deep understanding of its unique challenges, a commitment to compliance, and a long-term perspective. By aligning with the government’s vision for energy sustainability and economic growth, investors can make impactful contributions while achieving significant returns.
How has the energy sector in Nigeria fares under President Tinubu ?
Since taking office on May 29, 2023, President Bola Tinubu has introduced sweeping reforms in Nigeria’s energy sector to drive growth and revitalization. A cornerstone of his agenda was the immediate removal of longstanding fuel subsidies, aiming to curb government expenditure and promote a market-driven petroleum industry. However, this decision triggered a sharp rise in fuel prices, sparking public discontent and prompting labor union discussions to mitigate the economic impact.
In February 2024, President Bola Tinubu issued three executive orders to revitalize Nigeria’s oil and gas sector. The first offers tax incentives to attract investment, while the second mandates compliance with local content laws to boost Nigerian participation in the industry. The third streamlines contracting processes, reducing costs and timelines to enhance efficiency. Together, these reforms aim to improve the investment climate, stimulate economic growth, and position Nigeria as a leading destination for oil and gas investments in Africa.
As a seasoned actor in the energy sector, what is your take on debate on fossils and its future from a Nigerian context ?
The debate on the future of fossil fuels, particularly from a Nigerian perspective, is multifaceted and deeply tied to the country’s economic, social, and environmental realities. Nigeria, as a leading oil producer in Africa, faces significant challenges and opportunities in navigating this discourse.
Nigeria’s economy heavily relies on fossil fuel exports, particularly crude oil, which accounts for over 80% of export earnings and a significant portion of government revenue. This reliance creates a vulnerability to price volatility and makes transitioning to alternative energy sources complex. Diversifying away from oil is a significant challenge, given entrenched interests, infrastructure limitations, and a lack of political will in some quarters.
Nigeria’s vast natural gas reserves, however, offer an opportunity to reduce reliance on more carbon-intensive fuels like coal or diesel while supporting economic growth and industrialization. Initiatives like the Decade of Gas aim to maximize this potential. Policies like the Petroleum Industry Act (PIA) aim to improve governance and attract investment.
While the global trajectory is moving away from fossil fuels, Nigeria’s pathway must be carefully managed to address its unique challenges and leverage its opportunities. The focus should be on an equitable and inclusive energy transition that safeguards economic stability, promotes environmental sustainability, and improves social outcomes.
Any last sales pitch to potential investors and partners who are still hesitant about making the trip to Nigeria for N.I.E.S 2025 ?
N.I.E.S 2025 is not just another conference; it is the gateway to unlocking unparalleled opportunities in Africa’s largest energy market. Nigeria stands at the forefront of the global energy transition, and N.I.E.S provides a unique platform to engage directly with key decision-makers, policymakers, and industry pioneers shaping the future of energy. Where else can you gain real-time insights, forge partnerships with government and private stakeholders, and explore tangible investment opportunities in a rapidly growing market? It is the N.I.E.S platform!
We have curated this summit to deliver maximum value, featuring: exclusive networking opportunities, cutting-edge discussions and investment-ready projects. N.I.E.S is more than a summit; it is a catalyst for meaningful partnerships and impactful investments.
The global energy landscape is evolving, and Africa is poised to lead. Join us in Nigeria for N.I.E.S 2025 and take your place at the table where tomorrow’s energy solutions are being crafted today.We look forward to welcoming you and ensuring your experience is both rewarding and unforgettable.
*Culled From February Issue of PAV Magazine
