By Abimbola Abdullah

With the emergence of several refineries in-country, Nigeria is fast turning to Africa’s petroleum power house, the Major Energies Marketers Association of Nigeria (MEMAN) has said.

Chairman, MEMAN, Huub Stokman, who disclosed this during a MEMAN Quarterly Press Webinar, said the marketers are proud that new refineries coming on stream, adding that these are indications that Nigeria is emerging as African petroleum refining powerhouse.

“MEMAN celebrates the important progress achieved by both public and private sectors, with the launch of Dangote Refinery and the establishment of modular refineries being pivotal for securing the nation’s energy future,” he added.

He acknowledged that while initial startup challenges are expected, these refineries would significantly influence the country’s energy landscape for years to come.

Stokman also emphasized the importance of maintaining an environment where competition can thrive, as it encourages efficiency, reduces costs, and ensures consumers have access to the best possible energy solutions.

MEMAN emphasized the necessity for collaboration among all stakeholders in both the public and private sectors to effectively navigate the complex energy supply chain during the current energy transition, enabling the industry to tackle challenges and achieve optimal outcomes for consumers and the nation.

  Assuring of the group’s commitment to quality product delivery, he said: “We are working in the interest of customers. Whenever we deliver products we ensure we do that safely and appropriately to protect our staff and customers. We ensure that affordability takes priority in our decision-making. We believe in competition, because it will push us to deliver best quality services to our customers,”

Advocating for a diverse energy mix that includes traditional fuels, renewables, and innovative technologies, Stokman said Nigeria must take key decisions on adopting Electric Vehicle (EC) which is fast growing in countries worldwide.

He highlighted that regions like Europe and China are leading the global transition towards EVs, with China targeting full adoption by 2035, while Europe aims to achieve a major shift by 2024.

Stokman emphasised that as a part of our recommendations, MEMAN is calling for Formation of Petroleum Industry Consultative Committees to guide the industry, resolve potential conflicts, and enhance collaboration.

Chairman and CEO of SAGLEV Incorporated, Dr. Sam Faleye, emphasized the urgent need for a shift from traditional energy sources to electric vehicles (EVs) and renewable energy, citing the critical role this transition plays in combating climate change.

To further drive adoption, Faleye called for greater investment in EV charging infrastructure, urging the development of widespread charging stations, including home and fast-charging networks.

He also advocated for the Nigerian government to implement robust policies supporting EVs and for automakers to commit to increasing EV production in the country.

Head of Project e-Mobility and Renewable Energy at Sterling Bank,

Akinkunmi Akingbogun, stressed the need for Nigerian filling stations to begin integrating EV infrastructure to meet the demands of the growing number of EV users.

He reaffirmed Sterling Bank’s commitment to promoting EV adoption, revealing that the bank has introduced the “Qoray” brand and is offering innovative financing solutions to support local EV production.

By Abimbola Abdullah

With the emergence of several refineries in-country, Nigeria is fast turning to Africa’s petroleum power house, the Major Energies Marketers Association of Nigeria (MEMAN) has said.

Chairman, MEMAN, Huub Stokman, who disclosed this during a MEMAN Quarterly Press Webinar, said the marketers are proud that new refineries coming on stream, adding that these are indications that Nigeria is emerging as African petroleum refining powerhouse.

“MEMAN celebrates the important progress achieved by both public and private sectors, with the launch of Dangote Refinery and the establishment of modular refineries being pivotal for securing the nation’s energy future,” he added.

He acknowledged that while initial startup challenges are expected, these refineries would significantly influence the country’s energy landscape for years to come.

Stokman also emphasized the importance of maintaining an environment where competition can thrive, as it encourages efficiency, reduces costs, and ensures consumers have access to the best possible energy solutions.

MEMAN emphasized the necessity for collaboration among all stakeholders in both the public and private sectors to effectively navigate the complex energy supply chain during the current energy transition, enabling the industry to tackle challenges and achieve optimal outcomes for consumers and the nation.

  Assuring of the group’s commitment to quality product delivery, he said: “We are working in the interest of customers. Whenever we deliver products we ensure we do that safely and appropriately to protect our staff and customers. We ensure that affordability takes priority in our decision-making. We believe in competition, because it will push us to deliver best quality services to our customers,”

Advocating for a diverse energy mix that includes traditional fuels, renewables, and innovative technologies, Stokman said Nigeria must take key decisions on adopting Electric Vehicle (EC) which is fast growing in countries worldwide.

He highlighted that regions like Europe and China are leading the global transition towards EVs, with China targeting full adoption by 2035, while Europe aims to achieve a major shift by 2024.

Stokman emphasised that as a part of our recommendations, MEMAN is calling for Formation of Petroleum Industry Consultative Committees to guide the industry, resolve potential conflicts, and enhance collaboration.

Chairman and CEO of SAGLEV Incorporated, Dr. Sam Faleye, emphasized the urgent need for a shift from traditional energy sources to electric vehicles (EVs) and renewable energy, citing the critical role this transition plays in combating climate change.

To further drive adoption, Faleye called for greater investment in EV charging infrastructure, urging the development of widespread charging stations, including home and fast-charging networks.

He also advocated for the Nigerian government to implement robust policies supporting EVs and for automakers to commit to increasing EV production in the country.

Head of Project e-Mobility and Renewable Energy at Sterling Bank,

Akinkunmi Akingbogun, stressed the need for Nigerian filling stations to begin integrating EV infrastructure to meet the demands of the growing number of EV users.

He reaffirmed Sterling Bank’s commitment to promoting EV adoption, revealing that the bank has introduced the “Qoray” brand and is offering innovative financing solutions to support local EV production.