Over 600m Africans Living Without Access To Electricity

Date:

October 26, 2023.

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Azonuchechi Chukwu.

The Secretary General of the African Petroleum Producers Organization (APPO), Omar Farouk has said that over 600 million Africans live without access to electricity, while millions of others live without any access to modern energy.

He said this during the third edition of the African Local Content Roundtable which was held in Abuja between October 25 and 26 2023 with the theme “Fostering Local Content In Africa for Africans,”.

Farouk said, “We have sadly been conditioned to believe that such dependency is normal. More alarming is the fact that the African continent has the highest proportion of its population living in energy poverty with over 600 million Africans living without access to electricity and millions of others living without any access to modern energy. 70% of the oil we produce is exported. 70% of the gas is also exported.

Africa must be allowed to use its affordable and readily available source of energy mainly oil and gas. Today’s developed countries used it to get to where they are today, we must be allowed to also use it to lift the living conditions of our people and get them out of poverty”, Farouk added.

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) Engr. Simbi Wabote, who also addressed participants at the event, stressed the need for more investments in developing local content for the continent’s oil and gas sector.

Wabote noted that in tackling the challenges confronting the sector in Africa, stakeholders should strive towards local manufacturing of relevant components required to develop the sector.

According to him, “90 percent if not more of the equipment that we use are imported because we’ve not focused on how to manufacture some of the components in-country.”

He added that “the importance of developing homegrown cost-effective affordable and scalable solutions to address local challenges cannot be overemphasised”. (www.naija247news.com)


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Azonuchechi Chukwu
Azonuchechi Chukwuhttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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