Business
Organisers of Africa-Canada Investment Summit Announces New Date
In a bid to ensure proper preparation with logistics and planning, organisers of the Africa-Canada Investment Summit, have announced a new date for the summit.
According to the organisers, the summit will now hold between 23rd July and 15th August, 2022. The change in date was made known via a communique to journalists and the general public by the convener and head honcho of Hope ForSureFoundation, Ms. Peju Naomi Sigismund.
Ms. Naomi disclosed that due to the array of high-profile guests and speakers they are expecting all over the world, they needed to make sure everyone is fully ready. The change in date will avails them the opportunity to cross their T’s and dot our I’s. “Some of our attendees and speakers that have had one engagement or the other on the previous date are fully ready to attend. We have also used the change in date to secure travel visas for those attending from African soil as well. The change in date is to ensure that preparation is in top gear so we can have a top-notch event and summit. Nothing has changed in the event lineup. The arrival will start from the 23rd of July while the main event commences on the 25th.” She said.
Our plans are still intact.
Ms. Sigismund also used the opportunity to apologise for the change in date.
‘’To all those who have booked their tickets for the previous date, we are sorry for the inconvenience; we will surely it worth the while. The change is to enable us to host you better and make the event a memorable one.” She added.
President Bola Tinubu has reaffirmed the Federal Government’s commitment to rehabilitating and repositioning Nigeria’s dormant national refineries, declaring that the facilities will not be allowed to become stranded assets.
Tinubu was represented by the Permanent Secretary of the Ministry of Petroleum Resources, Mrs Patience Oyekunle, at the 20th OTL Africa Downstream Energy Week in Lagos on Monday.
The President said the government is adopting a more rigorous and commercially sustainable approach to the rehabilitation of the Port Harcourt, Warri and Kaduna refineries.
“At the same time, the government remains committed to ensuring that existing national refining assets are not allowed to become stranded investments,” the statement said.
“We are pursuing a more rigorous, commercially sustainable approach to the rehabilitation and repositioning of our refineries, supported by technical assessment, stronger partnerships, and improved operational discipline.”
The objective, according to the administration, is for Nigeria to refine more of its crude oil, create greater domestic value and become a reliable supplier of energy to Africa.
The national refineries, managed by the Nigerian National Petroleum Company Limited (NNPC), have remained largely inactive for years despite significant spending on turnaround maintenance. The NNPC has signed a memorandum of understanding with Chinese firms as part of ongoing efforts to revive the facilities.
Tinubu also noted the contribution of private refining capacity, particularly the Dangote Refinery, which has reached its 650,000 barrels-per-day nameplate capacity, in strengthening Nigeria’s prospects of becoming a net exporter of refined petroleum products.
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