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It’s not time for competition, it’s time for partnership, says Oando Clean Energy

By Guardian Nigeria
21 November 2022   |   4:13 am
With successful conclusion of the 27th United Nations Climate Change Conference of the Parties (COP27), with the theme, ‘Delivering for the People and the Planet’, one message reverbrates across...

• ‘We’re driving delivery of Nigeria’s net-zero promise’

With successful conclusion of the 27th United Nations Climate Change Conference of the Parties (COP27), with the theme, ‘Delivering for the People and the Planet’, one message reverbrates across the globe: climate pledges must be matched with action.

The event, tagged Africa’s COP, served as an opportunity to showcase what countries are doing to safeguard the planet, and Africa was not left out. 

Oando Clean Energy (OCEL), the renewable energy subsidiary of Oando PLC, and part of the Nigerian delegation to COP27, hosted two side events at the Nigeria Pavilion. 

The first side event, themed, ‘Decarbonising an Oil-rich Region: A Case for the Niger Delta’, was held in partnership with the Ministry of Niger Delta Affairs, National Council on Climate Change, REAN and Stratus Limited.

The event had a diverse audience of financiers, partners, government officials and NGOs.

John O. Agada, Director of Environmental Management, gave the welcome address on behalf of Minister of State, Ministry of Niger Delta Affairs, Chief Sharon Ikeazor, while Mr. Ademola Ogunbanjo, Executive Vice President, OCEL, made a presentation on OCEL’s sustainable transport initiative, specifically targeted at decarbonising the Niger Delta, among other initiatives. 

Conversations on the role of public-private partnerships, climate financing and an enabling business environment intensified at OCEL’s second side event, themed, ‘Achieving Nigeria’s Net Zero Target: A Public-Private Partnership’.

The event, organised in partnership with the Federal Ministry of Environment, among others, showcased the company’s pipeline projects to help Nigeria meet the commitment made by the President at COP26 to hit net zero by 2060. 

Ogunbajo further explained how the company’s strategic focus is aligned with the Nigeria Energy Transition Plan (NEPT), specifically, supporting the government’s roadmap for implementation of EVs across Nigeria and its ambition to boost local capacity in the medium term through the construction of an EV assembly and manufacturing plant.

He noted: “This is not the age of competition; it is the age of collaboration. We must collaborate, not only between the government and the public sector but also within the private sector, if we want to push forward the country’s net-zero agenda.”

OCEL’s President and Chief Executive Officer (CEO), Dr. Ainojie Irune, participated as a panelist, alongside the Commissioner for Environment, Kogi State, Mr. Omofaiye Victor Adewale, and the Managing Director/Chief Executive Officer of the Nigerian Bulk Electricity Trading (NBET), Dr. Nnaemeka Ewelukwa.

On the panel, Dr. Irune spoke about how the company’s sustainable transport strategy is a launchpad that will create the impetus for private users to start to migrate to EVs and eventually lead to economies of scale across the nation. He further explained that the future would see a more diverse and dynamic energy mix, less reliance on oil, and a greater focus on creating net zero opportunities using gas and more sustainable energy sources.

In addition, the pioneer Director-General of the National Council on Climate Change (NCCC), Dr. Salisu Dahiru, gave closing remarks by speaking to the importance of OCEL’s pipeline projects.

He talked about the fact that even before the advent of the NCCC, many climate change mitigation and adaptation initiatives were already being driven by the private sector.

He went on to speak about bridging the gaps between government policy and private sector initiatives, with the first step being creating an enabling environment.

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