…..says Nigeria is the highest stakeholder in the new African Energy Bank through NNPC ……
…….by Ben Ndubuwa……
Dr. Omar Farouk, the Secretary General of the African Petroleum Producers Organization (APPO), has officially announced his planned retirement this year at the ongoing Nigeria International Energy Summit (NIES) in Abuja today. His planned departure marks the end of a significant tenure in the continental oil and gas organization.
Addressing industry leaders, government officials, and stakeholders at the summit, Dr. Farouk expressed gratitude for the opportunity to serve APPO and contribute to Africa’s energy sector. He highlighted the progress made in strengthening collaboration among oil-producing nations.
Adding that the height of this collaboration is the establishment of the African Energy Bank with Nigeria being the major stakeholder through NNPC.
He noted that APPO made advancement in policies that promote sustainable energy development across the continent.
During his leadership, APPO played a pivotal role in fostering regional energy cooperation, advocating for investment in Africa’s petroleum industry, and navigating the sector through global transitions. His retirement signals a new era for the organization as it continues to adapt to evolving energy trends and challenges.
Industry experts and dignitaries at the event commended Dr. Farouk’s contributions and leadership, acknowledging his efforts in shaping Africa’s oil and gas policies. APPO is expected to announce his successor soon.
The Nigeria International Energy Summit remains a key platform for discussions on Africa’s energy future, with this year’s edition focusing on innovation, sustainability, and regional cooperation.