LAGOS — The Group Managing Director of Sahara Group, Mr. Kola Adesina, has expressed strong confidence in President Bola Ahmed Tinubu’s ongoing energy sector reforms, describing them as bold, strategic, and capable of repositioning Nigeria as a competitive player in the global energy market.
Speaking during a recent industry engagement with stakeholders in Lagos, Mr. Adesina lauded the administration’s swift moves to address long-standing structural challenges in the energy value chain, particularly in the power and oil and gas sectors. According to him, the reforms are already restoring investor confidence and opening fresh opportunities for partnerships, innovation, and capital inflow.
“The energy reforms under President Tinubu’s leadership are decisive and forward-looking. For the first time in a long while, we are seeing strong signals of policy consistency and a deliberate commitment to revamping critical infrastructure. This is what investors have been waiting for,” Adesina stated.
He noted that with initiatives such as the removal of fuel subsidies, improved regulatory frameworks, and a focus on indigenous energy development, Nigeria is gradually regaining its footing as a destination of choice for serious energy investment.
The Sahara Group boss emphasized the need for continued collaboration between the private sector and government to ensure sustainable progress. He also advocated for transparent governance, skilled human capital development, and a robust energy transition framework that aligns with global net-zero ambitions while catering to Nigeria’s growing energy needs.
President Tinubu’s energy reforms have gained traction since his assumption of office in 2023, with international agencies and multilateral financial institutions recognizing the shift in policy direction. The administration’s approach has included revamping refineries, incentivizing modular refinery investments, stabilizing electricity tariffs, and expanding off-grid power solutions for underserved communities.
Mr. Adesina, whose company is a leading player in the African energy sector with operations across multiple countries, stressed that the reforms are not only timely but necessary for unlocking Nigeria’s economic potential.
He concluded by calling on other industry leaders to lend their voice and resources in supporting the government’s efforts, stating, “Energy is the lifeblood of any economy, and with the right policies in place, Nigeria can become an energy powerhouse — not just for Africa, but for the world.”
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