Action, they say speaks louder than words and as by way of driving global results through actions, the energy sector in Nigeria and across Africa is taking a quantum leap and the accolades goes to Jeniks Group in partnership with Qatari investment.
Noteworthily, Jeniks Group placed a seal of approval on a multibillion-dollar gas investment deal with Qatar. The deal was appraised to be worth $20 billion dollars.
Although, Nigeria is ranked ninth for having the largest proven reserves globally, the sector is largely undeveloped as production to reserves is approximately 1% and the estimated recoverable gas is 139.4 tcf, plus you will notice that this is the same for so many African nations. However, the good news is that this project is expected to intensify natural gas exploitation, contributes to Nigeria’s income and workforce expansion, and elevate investment in power and gas-based sectors in Africa.
This line of action of both parties is birthed from a place of concern for the potential resources imbedded in Africa, most of which has been in a recessive state for a long time. Plus, this multibillion-dollar gas investment deal is timely in that it came when global energy investment in renewable and clean energy technologies is pivotal making Jeniks agenda for investing in the oil and gas sector concur with global tendency.
Qatari Investment Authority (QIA) is a global Investment organization famous for its natural resources and Qatar as it is ranked third in the world with World share 12.5% as one of the countries with the most gas reserves. Aims at harnessing vast resources like petrochemical feedstock, heavy fuel oil, natural gas liquids (NGL) and the likes in several African countries. The first stage commenced in the first quarter of 2022 and the alignments with local participants and Nigeria’s domestic gas for power generation.
The one percent of the one percent Princess Joy Osifo who is the President of the Jeniks Group, has been working tirelessly with so much dexterity alongside an inner circle and professional crew to see that the project comes to fruition. Princess Osifo, having situated herself as a chief participant in the project happens to be funding the downstream oil and gas sector, the procuring of vessels for crude and the conveying of refined products.
Over the past 4 years, the Jeniks Group led by its phenomenal president Princess Osifo, has made satisfactory and big-deal progress close at hand with Qatari partners in integrating the gas investment which by extension is providing a better narrative for Gas and its future in over 14 African countries. As stated by a prominent individual: Qataris government keep to highly regulated global best practices and standards because it is a global investor.
The future of oil and gas in Africa is emitting high degrees of light making it vivid. Again, scrutinizing the fact that the president of Jeniks Group, Princess Osifo has been awarded “The Chief of The Order of The Burning Spear” and “The Order of The Golden Heart” the future of oil and gas is set to be even greater.
News on the street of researchers has it that Africa will have the second largest growth in gas supply come 2050 plus the demand for natural gas Will rise by 85% and accounts for 35% in Africa. But with the investment and hard work of Qatar- Jeniks alongside the government of Kenya, Ghana amongst others who has concurred to provide the appropriate circumstances and other Sparks required to attract investments the realization of this vision might come even quicker.
From the looks of things, electricity generation from gas in Africa is about to take a quantum leap. In addition, the production of key chemicals used to manufacture fertilizers and plastic, natural gas which is an important fuel for many industrial processes plus a widely used for cooking and heating.
The indulgence of the Middle Eastern engagements has been created with an energy and sustainability road map for the Middle East relations during energy transitions.
Furthermore, it is a thing of admiration to note that Princess Joy Osifo who is the founder of the Princess Foundation and Helping Hands Home is an incredible philanthropist. Her enormous achievements have been of immense benefit to mankind especially here in Nigeria since the inception of the foundation in 2017.
The Foundation has helped children, provided scholarships and skill acquisition training for youngsters, and cared for the elderly. The foundation has been able to reach out to over 100,000 people in various categories. In addition, has supported infrastructure development in local communities and have partnered with local organization for this same vision.
Interestingly, you will notice that Princess Osifo is one who has never settled for the arrival mentality since Jeniks Group has gracefully registered their presence and impact via establishing a network of 73 petrol stations across Africa and as by way of business expansion to include other related products. The Jeniks group has since 2021 made the formal beginning of its headquarters in Ghana; Accra precisely, another investment office in Dubai; the United Arab Emirates precisely and some Middle Eastern areas to manage its activities.
