Business A.M
No Result
View All Result
Friday, February 20, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Energy

Nigerian minister looks to end energy poverty with African Energy Bank

by Admin
January 21, 2026
in Energy, Frontpage

BY: CHISOM NWATU

Nigeria’s federal government has said it is important for the continent to form an African Energy Bank (AEB) to put an end to the malaise of energy poverty and crisis on the continent.

Timipre Sylva, minister of state for petroleum resources, made this revelation recently in Abuja while delivering a keynote address during the 2022 Annual Public Lecture of the Nigerian Society of Engineers (NSE).

Nigeria’s minister of state for petroleum resources, Timipre Sylva

At the event, the minister said the formation of an energy bank would help relieve Africans the malaise of energy poverty in line with Sustainable Development Goal 7, which is geared toward ensuring easy access to affordable, quality and clean energy, while further revealing that the inclusive energy transition, the Decades of Gas Initiative in Nigeria, and the 2030 Agenda for energy sustainability had provided a roadmap for implementation.

He also reiterated the need for Nigerian engineers to take the spotlight to improve productivity in the country and that this entails that the society of engineers must evolve into becoming more innovative, inclusive, cooperative and transparent in terms of being accountable. He, therefore, urged the NSE to be an exemplary figure for implementing the roadmap or the relevant actions, by applying adequate scientific, technical, knowledge and experience to turn innovative ideas into sustainable projects that would be beneficial to the masses at large.

“I recommend that there is a need to tackle the gaps between current engineering capacity and output. This collaboration will ensure that more engineers are equipped with the right skills to respond to the call for a more sustainable and strong Nigerian nation,” Sylva said.

He also opined that Nigeria has moved on with the decades of gas initiative as it was critical that engineering education suits the current and future needs of Nigerian companies, especially as there is an evolvement of technology and new fields emerge.

In his admonition, he urged the government of Nigeria, schools and professional engineering institutions to cooperate and ensure knowledge and education in engineering meet the needs of the gas sector and that more youth are encouraged to consider engineering as a career option.

“A new shift for engineering is needed urgently; one that goes beyond ancient discipline divisions and is inter- and multidisciplinary in approach,” the minister said, while explaining that the approach will make engineering a true enabler, equaliser and accelerator in the delivery of energy transition or conversion, the decades of gas initiatives and the SDGs as well.

However, Timipre Sylva lauded the ministry’s commitment to creating an effective regulatory environment with well-aligned and streamlined rules to keep the natural gas industry to be more flexible to encourage innovation and invention of creativity all over the country.

 

 

Admin
Admin
Previous Post

Crypto, dollar to get investors’ safe haven gaze in 2022 – finance expert

Next Post

VFD, MAX enter $3m credit line partnership, offer drivers vehicle finance

Next Post

VFD, MAX enter $3m credit line partnership, offer drivers vehicle finance

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

CMAN calls oil revenue reform key to investor confidence recovery

CMAN calls oil revenue reform key to investor confidence recovery

February 19, 2026
Zoho targets Africa expansion after 30 years with self-funded growth strategy

Zoho targets Africa expansion after 30 years with self-funded growth strategy

February 19, 2026
GSMA presses telecoms to rethink business models for trillion-dollar B2B growth

GSMA urges rethink of spectrum policy to close rural digital divide

February 19, 2026
Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

Unilever, Google Cloud partnership raises stakes in consumer goods digital transformation race

February 18, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

CMAN calls oil revenue reform key to investor confidence recovery

CMAN calls oil revenue reform key to investor confidence recovery

February 19, 2026
Zoho targets Africa expansion after 30 years with self-funded growth strategy

Zoho targets Africa expansion after 30 years with self-funded growth strategy

February 19, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M