Oando Advocates Sustainable Energy Future

Oando Plc has stressed the need for Africa to act fast on building a sustainable energy future.

The chief operating officer, Oando Energy Resources and executive director, Oando Plc, Dr. Alex Irune said this at the just concluded Nigeria International Energy Summit (NIES) held in Abuja.

Irune stated that “for the first time in the history of the world, we are going to see energy growth and demand outstrip average economic growth across the world, in a time where the energy mix is still being contended; contended because the primarily developed world has a view of what this mix should be, and Africa has a different perspective.”

He added that, “against the backdrop of our youth population, poverty index and intra-African collaboration, we need to get impatient about delivering value and development to our people. The molecule of oil in our ground must be excavated with urgency; I am talking about oil; we must create the balance sheet that will fund the transition.