Africa Technology Conference 2026 Programme Announced as Event Heads to Côte d’Ivoire

– Special Africa Gas and Innova;ons Summit to Debut in Abidjan

The Society of Petroleum Engineers (SPE) Africa has officially announced the programme for the 2nd Africa Technology Conference (ATC 2026), taking place 16–18 June 2026 in Abidjan, Côte d’Ivoire.

Following a successful inaugural ediPon in Tanzania in 2025, the conference will travel to West Africa for the first Pme, bringing together industry leaders, policymakers, innovators and technical experts from across the conPnent and beyond, under the theme: “Harnessing

Innova.on and Technology for a Resilient and Sustainable African Energy Sector.”

H.E. Mamadou Sangafowa Coulibaly, Minister of Mines, Petroleum and Energy of the Republic of Côte d’Ivoire, has confirmed his support and parPcipaPon who will, alongside senior representaPves, aYend the three-day event and deliver an opening keynote address to delegates, se[ng the stage for criPcal conversaPons on the future of Africa’s energy sector.

A major new addiPon to the 2026 programme will be the launch of the Africa Gas and Innova;ons Summit, taking place on Day Two of the conference. The dedicated summit will focus on the theme: “Accelera.ng Africa’s Gas Revolu.on: Innova.ons, Partnerships and Sustainable Growth.”

The new summit will spotlight the growing role of natural gas in Africa’s energy future, exploring how innovaPon, strategic partnerships and investment can support energy access, industrial growth and long-term sustainability across the conPnent.

ATC 2026 brings together industry leaders, policymakers and innovators to drive progress across Africa’s evolving energy sector.

Delegates will hear from influenPal keynote speakers, join high-level panel discussions and explore technical presentaPons, case studies and emerging technologies shaping the future of energy in Africa.

Alongside the conference sessions, ATC 2026 will also provide valuable networking opportuniPes and an exhibiPon and innovaPon showcase, giving aYendees the chance to connect, collaborate and discover new ideas and technologies from across the industry.

Riverson Oppong, SPE Africa Regional Director and ATC 2026 Conference Chair, highlighted the significance of Côte d’Ivoire hosPng the second ediPon of the conference, commenPng: “Côte d’Ivoire represents one of the most exciPng and forward-looking energy markets in Africa today. The country’s growing influence within the regional energy sector, combined with its commitment to innovaPon, infrastructure development and sustainable growth, makes Abidjan the ideal host city for the second Africa Technology Conference.”

He conPnued; “ATC 2026 will build on the momentum of our inaugural ediPon by creaPng an even stronger plaborm for collaboraPon, knowledge-sharing and technology advancement across Africa’s energy industry. We are parPcularly excited to introduce the new Africa Gas and InnovaPons Summit, which will bring together leaders and innovators to explore how gas can help accelerate economic growth, energy security and sustainability across the conPnent. Delegates can look forward to three days of impacbul discussions, cu[ng-edge technologies, strategic partnerships and unparalleled networking opportuniPes.”

To explore the full programme and register to aYend, visit the Africa Technology Conference Official Website.

Contact:

Email: info@africatechnologyconference.com

Website: www.africatechnologyconference.com

On August 8, 2025, in the village of Ulken (Zhambyl District, Almaty Region, Kazakhstan), the initial work began on the nuclear power plant (NPP) construction project – engineering surveys to determine the optimal site and prepare design documentation for the future high-capacity NPP. The event was attended by Director General of the Russian State Corporation Rosatom Alexey Likhachev, Chairman of the Agency of the Republic of Kazakhstan for Atomic Energy Almasadam Satkaliyev, and Akim of Almaty Region Marat Sultangaziyev.

Specialists from Rosatom’s Engineering Division started drilling the first exploratory borehole and soil sampling. These studies will assess seismic stability, hydrogeological features, and other parameters of the area, which are essential for the safety and reliability of the future plant. A total of at least 50 boreholes, each between 30 and 120 metres deep, will be drilled during this stage. A final decision on the nuclear power plant’s exact location will be made based on the survey results.

The start of engineering surveys is a fundamental stage that determines the safety, reliability, and economic efficiency of the NPP project. During this stage, a comprehensive study of the geological, seismic, hydrological, and environmental characteristics of the site is carried out. The final decision on the plant’s location will be based on this data. The surveys ensure the project complies with both international and national standards, minimizes environmental and technological risks, and creates a foundation for efficient design of the future nuclear power plant.

“The launch of engineering surveys in Ulken marks the beginning of the journey toward the first high-capacity nuclear power plant in Kazakhstan’s modern history. At this stage, we are focusing on a thorough study of the site to be fully confident in its suitability for a future nuclear plant. Rosatom is ready to apply all its accumulated experience to implement this strategically important project for Kazakhstan’s development,” said Alexey Likhachev, Director General of Rosatom.

Addressing local residents and ceremony guests, Almasadam Satkaliyev also emphasized: “Today is only the first step, but it determines Kazakhstan’s path toward establishing a new high-tech sector in the national economy. We are confident that the nuclear power plant will provide a powerful boost to the region’s development – from the creation of modern infrastructure to new schools, kindergartens, and social facilities. This project is Kazakhstan’s strategic choice and a driver of long-term regional and national economic growth.”

The future plant will be based on modern VVER-1200 reactors (pressurized water reactors with 1200 MW electric capacity) of Generation III+. This technology meets the strictest international safety standards and is already successfully used in operating and under-construction facilities in Russia, Belarus, Turkey, Bangladesh, Egypt, and China. The reactor’s service life is 60 years, with a potential extension of another 20 years. During the ceremony, employees of Leningrad NPP, Akkuyu NPP (Turkey), Belarus NPP, Paks-2 NPP (Hungary), and Rooppur NPP (Bangladesh), wh ere VVER-1200 units are already operating or being built, addressed the residents of Ulken. They wished the project success and highlighted the importance of nuclear energy for the region’s socio-economic development.

At the St. Petersburg International Economic Forum in June 2025, an Indicative Roadmap for the NPP construction project was approved between Rosatom and the Agency of the Republic of Kazakhstan for Atomic Energy. The document outlines key cooperation stages: conducting engineering surveys, preparing design documentation, and signing an EPC (Engineering, Procurement, and Construction) contract. As part of bilateral cooperation, a framework agreement was also signed between LLP “Kazakh Nuclear Power Plants” and JSC Atomstroyexport (Rosatom’s Engineering Division). This agreement outlines key partnership principles for implementing the project in the Zhambyl District of the Almaty Region.

The NPP construction project is being implemented under agreements between Kazakhstan and Russia on cooperation in the peaceful use of nuclear energy. The project’s key goals are to ensure Kazakhstan’s long-term energy security, develop national nuclear infrastructure, and support efforts to reduce the country’s carbon footprint. Historically, Kazakhstan’s experience with nuclear energy is tied to the BN-350 reactor in Aktau (Mangystau Region), which operated from 1972 to 1999. In addition to generating electricity, the facility housed one of the world’s largest seawater desalination complexes. Currently, the BN-350 is being decommissioned.

In June 2025, Rosatom was designated as the lead of an international consortium for the construction of Kazakhstan’s NPP.

The Renaissance Africa Energy Company Limited, last night in Lagos, emerged the leading oil and gas company, crowning its first outing at the just-concluded Society of Petroleum Engineers’ (SPE) 2025 Nigeria Annual International Conference and Exhibition (NAICE) by winning a majority of the conference’s corporate and individual awards, including the coveted Best Indigenous Exhibitor and the conference’s Overall Best Exhibitor awards, and the 2025 Industry Young Executive Award to Renaissance Chief Technical Officer (CTO), Mr. Abdulrahman Mijinyawa. At the SPE Awards Nite, that rounded off three days of conference and exhibition of the nation’s premier petroleum engineering society.

Renaissance’s CTO, Mr. Mijinyawa, received the 2025 Industry Young Executive Award from SPE International President, Mr. Olivier Houze. He also received the Overall Best Exhibitor Award from a founding member of the SPE Section in Nigeria, Mr. Egbert Imomoh. That award was presented to Renaissance “for an outstanding display of creativity and technical excellence at the 2025 NAICE SPE Exhibition.”Abdulrahman then dedicated the awards to staff and management of Renaissance. He said, “This is an important reward for the resilience shown by the company’s staff who are working with renewed commitment to excellence and have seen Renaissance as an opportunity for Nigerians to drive the industrialisation that will ultimately translate into job creation and overall economic growth.”

“Within this short period of our existence, of about 140 days of taking over Shell’s shares in the defunct SPDC”, Abdulrahman continued, “Renaissance assets and people have increased oil production by about 40 per cent and returned us to a position where we are now fulfilling our contractual gas supply quantities to the NLNG – for the first time in over 5 years. Hence, winning these awards, given by fellow professionals of the industry, encourages our commitment to the government’s aspiration to grow the nation’s utilisation of our vast hydrocarbon reserves.”Renaissance staff, with 18 entries, also formed the core number of SPE members who presented technical papers at the conference, showcasing Nigerians’ technical prowess and highlighting opportunities in the Nigerian oil and gas industry.

Also, the Port Harcourt Section 103, which includes Renaissance staff members, won the Young Professionals of the year award.Earlier, the SPE Council Chairman, Mrs. Amina Danmadami, said “The Nigeria Annual International Conference and Exhibition (NAICE) is an annual conference organized by the Society of Petroleum Engineers (SPE) Nigeria Council and has been held annually since its inception in 1976.”She said NAICE focuses on connecting a global community of engineers, scientists, and related energy professionals to exchange knowledge, innovate, and advance their technical and professional competence regarding the exploration, development, and production of oil and gas and related energy resources to achieve a safe, secure, and sustainable energy future.“NAICE provides an Exploration and Production marketplace for sub-Saharan Africa, and, over the years, the conference has grown to become the largest upstream oil and gas event in Africa attracting industry regulators, high-level government officials, petroleum technology professionals and other key oil and gas industry stakeholders.

African Energy Week (AEW) 2025: Invest in African Energies is proud to announce that Seyi Oladapo, Group CFO of Pan Ocean and the Newcross Companies, will be joining the continent’s premier energy event in Cape Town. His participation brings one of Nigeria’s most strategically positioned private energy players to the forefront of conversations on upstream growth, local capacity building and unlocking new investment across Africa’s hydrocarbon value chain.

As one of Nigeria’s most established oil companies, Pan Ocean is accelerating its growth – deploying advanced technologies such as aerial drones and ultrasonic meters to enhance asset security – pursuing an ambitious well-drilling campaign, and supporting Nigeria’s goal to reach 2 million barrels per day by 2025, while working to eliminate gas flaring by 2030. Pan Ocean and NewCross recently held a high-level meeting with NNPC leadership, underscoring their commitment to aligning with national strategic priorities and strengthening partnerships across the oil and gas exploration and production sectors.

Together with its sister company NewCross, Pan Ocean is carrying out drilling on OML 24, which is expected to add approximately 1,500 barrels per day of oil and around 4 million standard cubic feet of gas per day. The company also recently commissioned a vapor recovery unit compressor that channels gas to a processing plant, reducing flaring and improving efficiency. At AEW 2025, Oladapo’s participation will provide valuable insights into how Pan Ocean is using financial strategy to scale operations, manage risk and build strategic partnerships amid a rapidly evolving regional energy landscape.

“Pan Ocean and Newcross exemplify how indigenous private leadership can deliver meaningful growth and infrastructure value in Nigeria’s energy sector. Their participation at AEW 2025 reflects Africa’s shift toward home-grown, investment-ready energy operators that can partner globally and deliver local impact,” says Oré  Onagbesan (http://apo-opa.co/4m5UV7g), Program Director (http://apo-opa.co/4m5UV7g), AEW: Invest in African Energies (http://apo-opa.co/4m5UV7g).

Oladapo’s engagement at AEW 2025 underscores the importance of Nigeria’s private sector in driving upstream capacity, aligning with broader continental goals of self-reliance, energy infrastructure development and investment draw. His participation also highlights how innovative financing and strategic partnerships are essential to unlocking Nigeria – and Africa’s – vast energy potential and securing sustainable growth.

Distributed by APO Group on behalf of African Energy Chamber.

About AEW: Invest in African Energies:
AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

The 3rd Namibia Oil and Gas Conference (NOGC 2025), themed “From Exploration to Action – Positioning Namibia as the Next Energy Frontier,” runs from 12–15 August in Windhoek. With Namibia emerging as a rising force in Africa’s energy landscape, the event is set to attract global industry leaders, investors, innovators and policymakers, as it offers exceptional opportunities for knowledge sharing, networking and skills development.

Hosted by the Economic Association of Namibia (EAN) in partnership with the Namibia Investment Promotion and Development Board (NIPDB) and the Hanns Seidel Foundation (HSF), with a strategic partnership with the National Petroleum Corporation of Namibia (NAMCOR) and SNC Incorporated. The conference is also officially endorsed by Namibia’s Ministry of Industries Mines and Energy.

This year’s edition has expanded significantly, doubling its exhibition space to meet rising demand for showcasing new technologies and services. Attendees will also benefit from a broader networking programme that fosters collaboration and sustainable growth across the sectors.

NOGC 2025 Highlights:

·         12 August – Pre-Conference Masterclass on Local Content and Suppliers

Building on the success of 2024’s masterclasses, which drew over 500 delegates, this new session will focus on a local content and supplier masterclass aimed at developing skills across technical and business areas. Experts will offer insight into how to become suppliers to major operators and contractors in Namibia’s energy industry.

·         13–14 August – Technical Conference (New for 2025)

A dedicated two-day technical programme featuring presentations from industry leaders, policymakers, and researchers on emerging trends, innovations, technological advancements and policy developments in oil, gas, and energy.

·         15 August – NIPDB Business Matching

Organised by the Namibia Investment Promotion and Development Board, this B2B matchmaking initiative connects investors and companies with interests in Namibia’s energy sector. Tailored sessions will help participants explore partnerships, investments, and sector opportunities.

As Namibia positions itself as a key player in global energy, NOGC 2025 offers a critical platform to exchange ideas, build expertise and explore the industry’s future. A major focus is the development of a skilled workforce to meet the growing demands of the sector.

Recognising the strategic importance of natural gas in Namibia’s energy portfolio, dedicated sessions will explore recent sector developments such as the Kudu Gas Field and emerging offshore discoveries. Discussions will focus on infrastructure challenges, investment and the role of gas in a lower-carbon economy.
NAMCOR’s Manager of Marketing, Communication and Public Relations, Paulo Coelho, urged broad participation, “We’re excited about this year’s theme, From Exploration to Action, as it reflects our shift from resource discovery to real industry growth. Our continued involvement proves our dedication to turning opportunities into action and to helping Namibia take its rightful place as a leader in the energy sector.

We call on young Namibians — students, entrepreneurs, and early-career professionals — to get involved. Attend, engage, ask questions and see how your skills and ideas can contribute to this dynamic sector.”

Jesaya Hano-Oshike, Deputy Chair of the Economic Association of Namibia, echoed this momentum, “We’re excited to expand the conference in 2025 and place emphasis on Namibia as the next energy frontier. The NOGC exhibition saw a 52% growth from the inaugural event in 2023 to 2024 and a 40% increase in attendees in the same period. Now, NOGC 2025 is doubling in size and we’re adding a new exhibition hall to welcome more entrepreneurs, SMEs and market newcomers.”

Key milestones from last year include:

• 1,012 Delegates (up from 841 in 2023)
• 29 Sponsors/Partners
• 42 Exhibitors
• 35 Participating Countries (up from 24 in 2023)
• 71 Speakers (up from 52)

Hano-Oshike added, “As part of our CSR efforts, we’re introducing a mentorship matchmaking platform for young professionals to gain more exposure to experts in the field. We will also identify a beneficiary for the exhibitors’ entrance fee gathered from the public. It’s time to move from discussion to action and deliver tangible value from this sector.”

Margreth Gustavo, NIPDB Executive Director: Strategy & Branding, reflected on the road ahead: “Our 2025 strategic focus rests on three pillars: unlocking investment-ready supply chain opportunities, deepening local content and industrial participation, and fostering youth employment through skills development. The future of Namibia’s oil and gas sector isn’t just offshore—it’s here, onshore, in our people, our businesses and our ambition.”

The Namibia Oil and Gas Conference is a flagship event for Africa’s and the world’s energy community. It brings together industry leaders, suppliers, government officials, regulators, and service providers, all committed to shaping a sustainable energy future.

Visit: https://www.namibiaoilandgasconf.com for event details and participation options.

It is with great excitement and a deep sense of purpose that we welcome you to the official launch of the FUPRE Energy Business School – Batch 3— a bold step towards building Africa’s next generation of energy leaders!

Watch the video below for full details

The Petroleum Technology Association of Nigeria (PETAN) has honoured Mr. Jim Swartz of Chevron with the 2025 IOC Industry Leadership Award, Engr. Gbenga Komolafe of NUPRC with the 2025 Regulator Leadership Award, and Aradel Holdings PLC with the 2025 PETAN Capacity Development Award.

The recognitions were the highlight of PETAN’s annual Industry Awards held on Tuesday at the Offshore Technology Conference (OTC) 2025 in Houston, Texas, celebrating distinguished Nigerian industry leaders for their outstanding contributions to the oil and gas sector.

The awards ceremony also recognized Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), was presented with the 2025 Distinguished Leadership Award, while the 2025 Distinguished Achievement Award went to First Marine and Engineering Services Limited (FMES).

Rt. Hon. Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), and Mr. Felix Omatsola Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), were both honoured with 2025 Distinguished Leadership Awards for their roles in promoting gas development and local content.

The awards formed a key highlight of OTC 2025, which officially kicked off on Monday, May 5, with a ribbon-cutting ceremony at the Nigerian Pavilion, hosted by PETAN.

The ceremony drew the presence of top Nigerian officials and industry stakeholders, including Senator Lokpobiri, Minister Ekpo, Engr. Ogbe, and several international delegates.

During the opening of the Nigerian Pavilion, Senator Lokpobiri emphasized the need for African nations to collaborate in addressing the continent’s energy challenges.

He called for a united front to tackle energy poverty, urging the development of cohesive, Africa-specific energy policies.

Speaking on the conference theme, “Africa’s Energy Renaissance: Leveraging Innovation and Natural Gas for Sustainable Development,” Lokpobiri said regional cooperation would allow African nations to invest in large-scale energy projects, reduce costs, and share best practices and technologies to accelerate progress.

“This conference is not a jamboree,” Lokpobiri stated. “It is a platform for Nigeria—and by extension, Africa—to showcase its vast potential.”

The Minister also voiced support for the return of President Donald Trump of U.S., suggesting it could help counter what he described as the “hypocritical” global energy transition narrative that has disadvantaged Africa.

He further revealed that the Africa Petroleum Producers Organisation (APPO), in partnership with Afrexim Bank, is working to operationalize the African Energy Bank, which will launch this quarter with over $19 billion in funding to bridge financing gaps for African energy projects.

Mr. Wole Ogunsanya, Chairman of PETAN, reiterated PETAN’s commitment to showcasing Nigeria’s potential. He said OTC 2025 provides a vital platform to attract investment, foster global partnerships, and build capacity across Nigeria’s oil and gas value chain.

“PETAN’s consistent participation in OTC over the years has significantly contributed to the development of the Nigerian oil and gas industry,” Ogunsanya noted.

He recalled how the Nigerian National Petroleum Corporation (NNPC) entrusted PETAN with coordinating the country’s activities at OTC over two decades ago.

By Kehinde Aderogba and Oluwatosin Akinjiola

Amidst Nigeria’s efforts to expand energy access and accelerate its transition to cleaner energy sources, the federal government (FG) has announced plans to immediately halt the importation of solar panels and instead, domesticate the manufacturing of renewable equipment. This sudden end to the importation of photovoltaic solar panels into Nigeria raises important questions. While the goal of promoting local manufacturing is laudable, the abruptness of such a move could risk disrupting Nigeria’s rapidly-growing usage of solar energy, thereby affecting affordability, accessibility and investor confidence. As the nation walks the delicate line between meeting its climate targets and bolstering energy sovereignty, it is critical to consider how policies, if not carefully measured, can sometimes complicate the very challenges they seek to solve.

Over the past two decades, Nigeria’s solar energy growth has heavily-depended on imported photovoltaic (PV) panels. Records show that most of these imports came from China and Europe, powering home solar systems and mini-grids across rural, urban and peri-urban communities. In other words, these imports played a crucial role in lighting up areas previously without electricity access and/or cut off from the national grid. While imports enhanced access to cleaner energy technologies, heavy reliance on foreign PV panels at the same time stunted the growth of local PV manufacturing and assembly industries.

Domestic companies struggled to compete with the economies of scale and pricing advantages enjoyed by foreign manufacturers. Compounding the challenge, the Standards Organisation of Nigeria (SON) repeatedly flagged the unchecked influx of substandard solar products as a persistent threat to consumer trust and sector growth. Not only that, large volume of PV imports continued to exert pressure on Nigeria’s foreign exchange reserves, heightening concerns about the sustainability of a heavily import-dependent transition to cleaner energy future.

Faced with these challenges, FG is now advocating for a ban on solar panel imports with a view towards fostering industrialization, creating jobs, and strengthening energy security and independence. This new policy direction was publicly articulated on March 25, 2025, when the Honourable Minister of Innovation, Science and Technology, Uche Nnaji, stated during the unveiling of the NEV T6 electric buses in Abuja that “the federal government has announced plans to halt the importation of solar panels to promote local manufacturing and accelerate Nigeria’s transition to clean energy.” Corroborating this position, the Managing Director and Chief Executive Officer of the Rural Electrification Agency (REA), Abba Aliyu, reiterated during a roundtable with the Lagos State Government that “the federal government has maintained the need to end the importation of photovoltaic solar panels into Nigeria.” He also lamented N200 billion already been spent on imports.

In a sharp twist of policy contradiction, the minister announced a day later (March 26, 2025) via his official X page (formerly Twitter) that Nigeria had signed a landmark 2,600MW solar deal with LONGi Solar France SARL and Alternative Petroleum & Power Limited (APPL). This agreement, one of the largest solar procurement deals in sub-Saharan Africa involves the supply of solar modules to power Nigeria’s Green Hydrogen Hub Project at the Liberty Oil & Gas Free Trade Zone in Akwa Ibom State. Without clearly disclosing any deliberate arrangements in place for technology transfer or domestic industrial development, the deal promises to position Nigeria as a regional leader in green hydrogen production with applications in clean mobility, exports, and industrial uses. More worryingly, the project will involve heavy importation of solar modules which is inconsistent with the announced plan to support local solar panel manufacturing or domestication efforts.

This contradiction between aspiration and action reveals a deeper tension that deserves attention. While FG aspires to end solar imports to boost local production, a reality check shows that Nigeria is still signing large importation deals to meet urgent energy demands. These contradictions are sending conflicting to stakeholders: governments, businesses and the civil society, especially advocates clamoring for a green economy in Africa. It is not only creating confusion among project developers, financiers, and investors but also risks undermining confidence in Nigeria’s climate targets and low-carbon policy direction at a time when stability is crucial.

Beyond the contradictions, an abrupt halt to solar panel imports could trigger significant unintended consequences across the energy sector. Many small and medium-sized enterprises (SMEs) in the renewable energy sector—from mini-grid developers to rooftop installers—operate on thin margins. Denying them access to reliable and functional panels without first ensuring the availability of viable local alternatives could trigger massive business losses, project cancellations, layoffs, and even sector-wide contraction. Government-backed energy access projects, such as mini-grids for rural electrification rely heavily on imported panels to meet deployment targets. A sudden import ban could delay these projects, compromising Nigeria’s energy access goals and straining partnerships with development financiers. Moreover, limited access to electricity could worsen the existing energy poverty in low-income communities, restricting development opportunities and further deepening the energy divide.

Ultimately, it is the Nigerian consumer who stands to bear the brunt. Solar systems — already a high-cost investment for many households and small businesses — could become even more expensive if scarcity drives prices upward. Worse still, a mismatch between local production capacity and national demand could lead to supply shortages, lower product quality, and erosion of trust in clean energy solutions. In the absence of a well-sequenced domestication plan that includes incentives, technology transfer agreements, and capacity building for local manufacturers, the good intentions behind the import ban risk translating into reduced energy access, slower climate action, and heightened economic hardship for millions of Nigerians.

As Nigeria charts its course toward energy security, industrialization, and clean energy growth, it is essential that policies aimed at boosting local industries are clearly articulated with defined timelines, stakeholder consultation, and targeted investment in manufacturing capacity. Otherwise, the rush to substitute imports without first securing domestic readiness could slow down, rather than speed up, the energy transition the country urgently needs.

Kehinde Aderogba and Oluwatosin Akinjiola both work at Spaces for Change [S4C] on the Energy and Environmental Justice (EEJ) desk. They can be reached via extractives@spacesforchange.org

OFFICIAL STATEMENT ON THE REDUCTION IN EX-DEPOT PRICE OF PMS BY N65

Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th February 2025.

This strategic price adjustment is designed to provide essential relief to Nigerians in anticipation of the upcoming Ramadan season, while also supporting President Bola Ahmed Tinubu’s economic recovery policy by alleviating the financial burden on the Nigerian populace.

It is important to note that Dangote Petroleum Refinery has consistently lowered the prices of petrol and other refined petroleum products to the benefit of Nigerians. This marks the second price reduction of PMS in February 2025, following a previous decrease of N60.00 earlier in the month.

Additionally, in December 2024, during the yuletide period, the refinery reduced the price of PMS by N70.50, from N970 to N899.50 per litre, as part of its commitment to easing the cost of living and providing relief to Nigerians during the holiday season. This reduction has positively impacted the overall cost of living, benefiting various sectors of the economy, and has also ensured that Nigerians did not experience the perennial fuel scarcity and price hikes typically associated with the yuletide season.

Nigerians will be able to purchase the high-quality Dangote petrol at the following prices in all our partners’ retail outlets. For MRS Holdings stations, it will sell for N860 per litre in Lagos, N870 per litre in the South-West, N880 per litre in the North, and N890 per litre in the South-South and South-East respectively.
The same product will also be available at the following prices in AP (Ardova Petroleum) and Heyden stations: N865 per litre in Lagos, N875 per litre in the South-West, N885 per litre in the North, and N895 per litre in the South-South and South-East.

Dangote Petroleum Refinery assures the public of a consistent supply of petroleum products, with sufficient reserves to meet domestic demand, as well as a surplus for export to enhance the country’s foreign exchange earnings. The company calls on marketers to support this initiative, ensuring that Nigerians remain the primary beneficiaries of this effort. This collective action will contribute to the broader economic recovery plan led by His Excellency, President Bola Ahmed Tinubu, who is committed to making Nigeria self-sufficient in refined petroleum products and establishing the country as a leading oil export hub.

Management
26th February, 2025