By Godswill Odiong
Determined to assist in finding lasting solution to the global energy crisis, The Daily, www.thedaily-ng.com, has concluded plans to hold it’s The Daily Africa Summit on Friday, August 5, 2022 at 11 am, West African Time, WAT.
Michael Kelly, Chief Advocacy officer & Deputy Managing Director, World LPG Association, WLPGA, who is the Guest Presenter will be speaking on, ‘Global Energy Crisis: Issues, Problems, Prospects & Opportunities in LPG Sector.
In a statement released in Lagos, Nigeria, Chairperson, organizing committee, Eyo Nsima, said: “The one-hour virtual Summit will be attended by more than 200 stakeholders, including top CEOs, industry leaders, policy makers, consultants, investors, consumers, environmentalists, students, financiers and journalists. Proceedings will be trending on YouTube, Facebook, Instagram and other social media. It will also be published on www.thedaily-ng.com and republished by other widely read media globally.
“Attendees and other stakeholders can contact us for further information, including presentation, advertorial and promotional opportunities. Tel: +2347031580345. Email: eyonsima1@gmail.com”
She noted that many economies have at different times experienced one form of energy crisis or another, due to different factors or reasons.
Eyo also maintained that the current crisis was mainly fueled by the Ukraine-Russian war, Russian oil ban and widespread distortion in the normal production, distribution and marketing of petroleum and other products around the world.
Consequently, she noted that the energy crisis has culminated in high prices globally, regionally, nationally and locally, thus impacting negatively on operations economy-wide.
She also called on all stakeholders, including participants, policy makers, exhibitors, producers, marketers, consultants, scholars, financiers, women, students and media practitioners to attend and make contributions toward achieving lasting stability in the market.
Recently, the President, Nigeria Consumer Protection Network, Kunle Kola Olubiyo, who examined issues in Nigeria had said that the power sector called for long term planning, investment, development and maintenance of assets, capable of generating, transmitting and distributing adequate power to consumers nationwide.
“Nigeria needs to embark on massive power generation because the present level is grossly inadequate. According to the United Nations, 1,000MW should be dedicated to one million persons, meaning that for the over 200 million people, we need to generate about 200,000MW.”
He also said: “South Africa with a Population of about 62 million generates over 50,000 megawatts (50 GW). Egypt with a population of about 107 million people generates over 50,000 MW (50GW). Invariably, Nigeria’s quest for inclusive growth, sustainable development, reduction of energy poverty indices, food security, mechanised farming/commercial agriculture and would be a mirage without a stable, reliable and abundant power supply.”
