Philip Mshelbila, managing director (MD) of Nigeria LNG Ltd, says Africa’s energy sector needs over $200 billion in annual investments to meet its energy and climate goals.
Philip Mshelbila, managing director of Nigeria LNG Ltd, says Africa’s energy sector needs over $200 billion in annual investments to meet its energy and climate goals.
The MD said the stakes have never been higher in a continent where the average gross domestic product per capita is only a quarter of the global average.“The global energy investment landscape requires a critical balancing act: the need for immediate energy access through fossil fuels, alongside the urgent transition to sustainable energy sources,” Mshelbila said.
Mshelbila recommended that policymakers, private sector players, and investors work together to create enabling frameworks that attract capital. “We, at NLNG, are conscious of our sustainability hallmark. We recently refreshed our brand identity with a new logo and tagline that speaks to inspiring a sustainable future.”
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