NESG leads discourse on Low Carbon Investments in Niger-Delta

Oil & Gas
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Monday, September 11, 2017  8:27am/Proshare WebTV  

Prospects for attracting viable Low Carbon investments into the Niger-Delta, to transform the region’s socio-economic landscape came to the fore at the Nigeria Economic Summit Group (NESG) Sustainability Policy Commission forum in Lagos. 

It brought together stakeholders in the finance, renewable energy, gas & power, infrastructure and Niger-Delta space. 

This was also a collaboration between the Partnerships for Initiatives in the Niger-Delta(PIND), Market Development(MADE), Nigeria Gas Association & Oil Producers Trade Sector of the Lagos Chamber of Commerce and Industry. 

Giving the opening remarks, the consultant for the NESG Sustainability Policy Commission Dr Uzo Egbuche stressed that the forum was focused on exploring how low carbon policy can drive growth in the Niger-Delta region. 

According to Dr Egbuche “The roadmap from this discourse will set the agenda for the discourse at the 23rd NESG summit, which will be transmitted to the Federal Executive Council for implementation”. 

In his presentation Mr Lookman Oshodi of Arctic Infrastructure harped on the need for strategic investments in “Affordable Housing projects” and the identification of “Cluster areas”  in the Niger-Delta that will enable productivity in the region. 

Oshodi noted that Niger-Delta required robust infrastructure to enhance point of sales for agro products like cassava, palm oil, aquaculture and business linkages. 

Speaking on the financing level for the region, Mr Eze Nwakanma of the Agri-Business unit of Union Bank, stated that the bank was ready to pioneer “agric financing” for the Niger-Delta, in partnership with strategic groups. 

An Advisor to the Cross River State Government Mrs Nkoyo Toyo made a strong case for the overall coordination and control of investment promotion in the Niger-Delta, that will lead to emergence of a transformed region. 

Team lead for Market Development Mr Olatunde Oderinde asserted that the outline for investments in the agro-sector for the region, includes promotion of investment, policy & regulatory reform, promotion of agro-inputs & processing businesses, infrastructure & technologies, agric-finance services, agric-marketing &  coordination of investments. 

He listed the following as key thrust of the roadmap for Low carbon investments in the region; promotion of agro-processing investments, power & supporting investments, logistics infrastructure and the upgrading of current urban marketing infrastructure. 

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