Embracing the Global Energy Shift: The Perspective of Gabriel Aduda

Gabriel Aduda, the Permanent Secretary of Nigeria’s Ministry of Petroleum Resources, delivered a speech to a group of stakeholders at the Practical Nigerian Content forum in Yenagoa. In his address, Aduda urged African nations to concentrate on the critical issue of reducing harmful emissions, rather than being influenced by the politics of climate change. He underscored the significance of not forsaking fossil fuels in the pursuit of an uncertain future in renewable energy.

Aduda highlighted that a complete transition to renewable energy would have adverse environmental consequences of its own. He pointed out that the manufacturing of renewable energy components, such as solar panels and batteries, necessitates substantial mining activities, which can result in the depletion of natural resources.

The Permanent Secretary urged stakeholders to remain committed to advancing the Local Content agenda, highlighting OPEC’s position at the COP28, where it was unequivocally stated that the commitment is to reduce emissions, not production. He also reminded the audience that fossil fuels continue to play a significant role in global transportation and energy supply, with over 80% of these sectors still reliant on fossil fuels.

Aduda reassured stakeholders that the field of local content in Nigeria still presents abundant opportunities. He mentioned the government’s provision of support through legislation, technical and financial assistance, and added that efforts are in progress to bring the African energy bank to Nigeria. The purpose of this initiative is to counter potential funding obstacles from the western world and to support Africa’s development of fossil fuels.

In conclusion, Aduda emphasized that the world requires a reduction in harmful emissions and decarbonization, rather than a decrease in the production of fossil fuels. He stressed that Africa should concentrate on being resilient and continue to capitalize on the oil and gas industry in Nigeria. Aduda’s speech offered an insightful perspective on how African countries can navigate the global energy shift, while prioritizing their own energy requirements and industrial development.