National Economy
Wednesday, December 31, 2025
No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy
News
National Economy
No Result
View All Result
  • Home
  • News
  • Lead-In
  • Energy
  • Economy
  • Tech
  • States & Politics
  • Commentary
  • Editorial
  • Data
  • Others

African Countries To Scale Up Advocacy On Fossil Fuel 

by Chika Izuora
October 5, 2022
in Business, News
Fuel

African countries are preparing to use the COP27 climate talks in Egypt next month to advocate for a common energy position that sees fossil fuels as necessary to expanding economies and electricity access, the continent’s top energy official said on Tuesday.

The African position, criticised by environmental groups, could overshadow global climate talks in Sharm El-Sheikh seeking to build on the previous Glasgow summit and make good on financing targets by rich nations to poorer countries that have fallen far short of the promised $100 billion a year by 2020.

“We recognize that some countries may have to use fossil fuels for now, but it’s not one solution fits all,” said the African Union (AU)’s commissioner for Infrastructure and Energy, Amani Abou-Zeid.

“It is not time to exclude, but it is the time to tailor solutions for a context,” she told Reuters on the sidelines of an oil and gas conference.

An AU technical study attended by 45 African countries on 16th of June seen by Reuters outlined that oil and coal will play a crucial role in expanding modern energy access over the short to medium term.

YOU MAY ALSO LIKE

Customs Seizes N24m Worth Of Donkey Skins In Adam

Expert Flags Digital Gaps, Multiple Taxes As Risks To New Tax Reform

In tandem with renewable sources, Africa also sees key roles for natural gas and nuclear energy.

“Our ambition is to have fast-growing economies, competitive and industrialised,” Abou-Zeid said.

Seen as a renewable hub given its vast solar, wind and hydrogen potential, Africa also has around 600 million people in its sub-Saharan region living without electricity and almost 1 billion citizens without access to clean energy for cooking.

However, critics point out that in African countries with large fossil fuel reserves, proceeds have mostly been used to feather the nests of corrupt political elites and have not helped alleviate general poverty or energy poverty.

In Angola and Nigeria, Africa’s leading oil producers for decades, access to electricity in 2021 for the population was just 40 per cent  and 57 per cent, respectively, the World Bank says, and top producer Nigeria has the world’s largest energy access deficit.

Fast-growing Africa produces less than 4 per cent  of total global emissions and is looking to monetize new gas and oil finds, some of the largest this decade, to help plug European demand after major supplier Russia invaded Ukraine and subsequently turned off gas supplies to EU economies.

“Africa has woken up and we are going to exploit our natural resources,” said Uganda Energy minister, Ruth Nankabirwa Ssentamu.

“There is no way you can develop any economy, any society without energy,” said Omar Farouk Ibrahim, secretary general of the African Petroleum Producers’ Organisation.

“We are talking about coal, we are talking oil and we are talking about gas. At this time we are not discriminating,” he told Reuters.

Outside the conference venue Cape Town convention centre, a handful of Extinction Rebellion activists poured a reddish, oily mixture over their heads to protest.

‘We believe the fossil fuel industry is killing us,’ spokeswoman, Judy Scott-Goldman told reporters.

Author

  • Bukola Idowu
    Bukola Idowu

ShareTweetShare

OTHER GOOD READS

SEREC Backs Customs’ Digital Drive To Tackle Cartels, Smuggling Customs
Business

Customs Seizes N24m Worth Of Donkey Skins In Adam

7 hours ago
Between Taxes And Trust: The Real Test Of Nigeria’s Fiscal Reform
Business

Expert Flags Digital Gaps, Multiple Taxes As Risks To New Tax Reform

7 hours ago
Business

Power Restored Nationwide After Grid Disturbance – NISO

7 hours ago
Next Post
Airtel Nigeria Recommits To Sustainable CSR Initiatives 

Airtel Nigeria Recommits To Sustainable CSR Initiatives 

© 2025 | National Economy Newspaper | All Rights Reserved

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy

© 2025 | National Economy Newspaper | All Rights Reserved