Stanbic IBTC Bank, a leading financial institution in Nigeria, recently hosted a pivotal Energy and Infrastructure Breakfast Session in Lagos, marking a significant milestone in the country’s sustainable energy dialogue.
The event brought together a distinguished assembly of industry leaders, policymakers and experts to discuss Nigeria’s energy future.
Dr. Demola Sogunle, Chief Executive of Stanbic IBTC Holdings, delivered a keynote address, outlining the bank’s commitment to unlocking Nigeria’s vast energy potential through targeted financing interventions, stakeholder collaboration, and innovation. Engr. Antonio Ayodele, representing the Honourable Commissioner, Ministry of Energy and Mineral Resources, Lagos State, emphasised the need for reforms to streamline energy processes, instigate a shift in mindset and enhance collaboration for a renewable energy future.
Muyiwa Oni, Head of Equity Research, West Africa, at Standard Bank, emphasised Nigeria’s economic diversification and growth potential despite challenges. He highlighted opportunities for forward-looking businesses and stressed the need for excellent connectivity between businesses and untapped markets. The session also provided insights from an industry expert from Mozambique. Edson Machel, Head of Energy and Infrastructure Finance, Investment Banking at Standard Bank, Mozambique, highlighted Mozambique’s significant reliance on renewable energy sources, which account for over 95 per cent of its energy. However, he pointed out the challenge of scaling these resources to meet the nation’s rapidly growing demands, which hinders sustainable development and energy security.
The dynamic panel discussion featured insights from industry leaders in the renewable and non-renewable energy sector inlcluding Dr. Tayo Adiatu, Managing Director and CEO, Tulcan Energy Resources; Mr. Gabriel Ogbechie, Group Managing Director, Rainoil Limited; Engr. Wole Ogunsanya, FNSE, CEO, Geoplex Drillteq Limited; Mr. Ola Olabinjo, Managing Director and CEO, Skystone Finance Company Limited; Mr. Hakeem Shagaya, CEO, Asolar Limited; Alhaji Abba Aliyu, Managing Director, Rural Electrification Agency (REA); Mr. Damola Adeyemi, Senior Business Development Manager, West Africa Region, Odyssey Energy Limited; Mr. Omotayo Hassan, Head Renewable Energy, TotalEnergies Marketing Nigeria PLC. These industry leaders and experts shared key insights on strategic ways to meet the energy demand in Nigeria in 2024 and beyond
The Stanbic IBTC Bank Energy and Infrastructure Breakfast Session was more than just a meeting of minds; it was a strategic move towards catalysing the sustainable development of Nigeria’s energy sector. The event underscored the Bank’s commitment to supporting Nigeria’s economic progress through discussions, presentations, and collaborative efforts.
To learn about the organisation’s energy and infrastructure solutions, visit Business | Stanbic IBTC Bank. For business support, email SectorSolutions@stanbicibtc.com.
You can access the event playback on Youtube via Energy and Infrastructure Breakfast Session if you missed any part of the Energy and Infrastructure Breakfast Session or wish to revisit the discussions.
