Petroleum Africa
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Thursday, August 11, 2022
In the midst of a global oil-and-gas crisis, Africa must take charge of its own energy destiny, and use its rich resource assets for the benefit of its own people.
This is the call from former Nigerian president Olusegun Obasanjo. His comments come as the world scrambles to find new sources of oil and gas to meet its energy needs following Russia’s invasion of Ukraine.
In this context, Obasanjo says African countries cannot be beholden to the unrealistic ideals of the Global North for an exclusively renewables-driven economy. He says this is particularly true when the developed world is itself accepting the need for hydrocarbons.
“Like the rest of the world, Africa must follow energy policies that promote socio-economic development and sustainable hydrocarbon use,” he says.
“Africa is the lowest producer of greenhouse-gas emissions and needs to lift nearly half-a-billion citizens out of poverty,” says Obasanjo. “Responsible management of our hydrocarbons and investment in our economies is necessary to ensure a just energy transition and sustainable growth for our people.”
Source: Africa Oil Week
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