At Africa Energy Week (AEW) 2024, Oando PLC highlighted its commitment to empowering Africa’s energy future by promoting indigenous ownership and local capacity-building within the continent’s oil and gas industry. During a session at the event, Oando’s Managing Director, Dr. Ainojie ‘Alex’ Irune, stressed the importance of creating a sustainable and thriving environment that supports growth in the sector.
Dr. Irune outlined a strategic vision for Africa’s energy resources, stating, “The only way value stays on the continent is if indigenous players acquire these assets. By increasing local activity and fostering collaboration, we can reduce the high costs of operations, attract essential skills and equipment, and drive development within the region.”
This focus on local participation, Dr. Irune explained, not only strengthens Africa’s energy infrastructure but also boosts job creation, builds technical expertise, and stimulates economic growth. Oando’s commitment to these principles underscores its dedication to ensuring that Africa’s energy resources benefit African people and fuel long-term, sustainable development.
Through initiatives aimed at empowering indigenous operators, Oando envisions an Africa where the oil and gas sector thrives under local leadership, creating opportunities and driving prosperity across the region.
