- Stable policies key to resilient energy investments, say stakeholders at the OTL Africa Downstream Energy Conference in Lagos.
- Experts emphasise that policy stability and regulatory consistency are vital to sustaining Africa’s energy growth and investment inflow.
Energy stakeholders at the 19th OTL Africa Downstream Energy Conference in Lagos have emphasised that stable government policies are essential for driving resilient and sustainable energy investments across Africa. They noted that the continent must adapt to global shifts marked by volatility, innovation, and energy transition.
Tunji Oyebanji, Chairman of the OTL Africa Downstream Energy Week Advisory Board, emphasised that policy stability and regulatory consistency are essential for attracting long-term capital and promoting fair competition. He urged African nations to move beyond exporting raw hydrocarbons and instead become hubs of innovation and efficiency.
Furthermore, Oyebanji emphasised the importance of regional cooperation, the adoption of renewable energy, and human capital development to achieve energy sustainability. He called for transparent and responsible practices to strengthen investor confidence.
Also speaking, Mrs Joyce Akabogu, CEO of OTL Downstream Development Africa Limited, reaffirmed that the downstream sector plays a central role in Africa’s economic growth, influencing energy access, transport, and industrial productivity.
Ultimately, both speakers agreed that stable policies remain key to resilient energy investments.