World Economic Forum participants in Nigeria applaud work for upcoming WEO special report on Africa

12 May 2014

Minister of Power Chinedu Nebo of Nigeria (left) with IEA Chief Economist Fatih Birol at the Abuja Summit of the World Economic Forum.

IEA Chief Economist Fatih Birol and Global Energy Economics Division Analyst Alessandro Blasi travelled to Abuja, Nigeria, from 6 to 9 May to attend the World Economic Forum (WEF) Summit and to meet with several African authorities for preparation of the World Energy Outlook 2014 Special Report “Africa Energy Outlook”.

As part of the WEF programme, Nigeria’s Minister of Petroleum and Minister of Power co-chaired a special session on the African energy outlook, moderated by Dr. Birol and with the participation of selected high-level personalities, including the USAID Administrator, the Minister of Energy of Benin, the Deputy Minister of Power of Ghana, the UN Special Representative for the Sustainable Energy for All initiative and top executives from Shell, Mitsubishi, Dow Chemical, ENI and other companies.

In the context of WEF Summit, the IEA Chief Economist delivered keynote presentations at sessions discussing the future of electricity and the potential impact of climate change on the continent. He also had several bilateral meetings, including with Nigeria’s Minister of Petroleum, Minister of Power and Governor of the Central Bank, as well as with Japan’s Vice Minister for Environment and the Ambassadors of several IEA members: Italy, Japan, Norway, the United Kingdom and the European Union (who also hosted a dinner with 15 high-level participants). 

The importance and timing of the “Africa Energy Outlook” study were unanimously recognised, with acknowledgment of its potential to contribute substantially to the continent’s development. This was reflected by the level of engagement by government and central bank of Nigeria, which will be sending a senior official to the IEA to work on the report.