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Energy security: FG seeks transition to sustainable practices, financial viability 

By Stella Odueme 

The Federal Government through the Secretary to the Government of the Federation (SGF) George Akume, has called on stakeholders in the oil and gas sector to remain committed to the ideals of energy security, transition to sustainable practices and financial viability of the country’s energy sector.

Akume made the call at the closing ceremony of the 7th edition of the Nigerian International Energy Summit (NIES) in Abuja on Friday. 

A statement by Mrs Oluwakemi Ogunmakinwa, 

Deputy Director Press and Public Relations in February Ministry of Petroleum Resources said Akume noted that the theme of the summit, “Navigating the New Energy World Order: Security, Transition, and Finance” underscored the complexities and challenges that Nigeria faced in the dynamic landscape of the global energy sector.

“This theme is not just a reflection of our current realities but a call action for all stakeholders to collaboratively address the crucial issues that lie at the intersection of energy security, transition, and financial sustainability. 

“The exchange of ideas and the spirited discussions witnessed here have undoubtedly charted a course for the future of energy in our nation”, he said. 

Earlier in his closing speech which he delivered on behalf the  Minister of State Petroleum Resource (Oil) Sen. Heineken Lokpobiri and Minister of State Petroleum Resource (Gas) Rt. Ekperikpe Ekpo, the Permanent Secretary, Ministry of Petroleum Resources, Amb. Nicholas Agbo Ella stated that the summit had been an incredible journey of knowledge sharing, collaboration and foresight.

“This Nigeria International Energy Summit (NIES 2024) has transcended borders, hosting international delegates from over 50 countries, who have actively engaged in shaping the discourse of the dynamic Energy world order.

“Moreover, the online streaming of the event has exceeded our expectations and brought in about 700 thousand participants from across the globe. The depth and diversity of perspectives scheduling the summit will no doubt increase our understanding of the Nigerian Energy Sector”.

They promised to crystallize the outcome of the summit in a comprehensive report that will be shared between the delegates and Federal Government of Nigeria. 

 “The document (report) will be transmitted to the Secretary to the Government of the Federation for onwards conveyance to the highest level of authority, encapsulating the collective wisdom and insight gained from the summit,” he said.

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