Nigeria, drill baby drill, the party is back: ‘BP has announced a “fundamental reset strategy” aimed at slashing spending on renewable energy and doubling down on fossil fuels. Investments in oil and gas will increase to $10 billion through 2027 — a reversal of the strategy set out by former CEO Bernard Looney to reduce oil and gas output 40% by 2030. The shift comes as investor pressure mounts on BP to improve its financial performance and other energy giants, such as Shell, also abandon green transition targets. – LinkedIn News’.
Nigeria and Africa, shine ya eyes. Yes, no one really cares about this climate risk or whatever they call it if it affects where it matters. When Russia disconnected Germany from cheap gas, Germany re-fired the coal plants. They could have chosen to go energy-less and save the planet! Yes, village-mode as we do in villages across Africa.
Sure – I have nothing against renewable energy. It is a necessary part of the future. But I have an issue when Africa thinks there is anything to win by depriving its people of energy, just to be invited to conferences in Berlin, London, etc as vanguards of the planet. We have fundamental issues where young people cannot see where jobs will come, and nothing is being done on energy security!
Register for Tekedia Mini-MBA edition 16 (Feb 10 – May 3, 2025) today for early bird discounts.
Tekedia AI in Business Masterclass opens registrations.
Join Tekedia Capital Syndicate and co-invest in great global startups.
Register to become a better CEO or Director with Tekedia CEO & Director Program.
Nigeria’s Energy Renaissance: Tinubu’s Administration Seeks to Reverse $80 Billion Investment Exodus
—
Register for Tekedia Mini-MBA (Feb 10 – May 3, 2025), and join Prof Ndubuisi Ekekwe and our global faculty; click here.
