Picture | Nig Petroleum Minister,Kachikwu,Tony Elumelu,Wale Tinubu & Philips Oduoza At The World Economic Forum In Switzerland.

Former GMD UBA,Tony Elumelu is currently in Switzerland attending the World Economic Forum he posted this picture from  and wrote this down.Click to read.

Outside the Congress Hall, the largest assembly space for delegates attending this year’s World Economic Forum; African public and private sector leaders, Ibe Kachikwu, Nigeria’s Minister of State for Petroleum; Wale Tinubu, CEO of @oando_plc Philips Oduoza, GMD/CEO of the United Bank for Africa Plc and I, gathered to share thoughts following the official launch of the African Development Bank’s “New Deal on Energy for Africa”. The initiative, heralded by the President of AfDB, Dr. Akin Adesina, is a partnership-driven effort towards achieving universal access to energy in Africa by the year 2025. 

As a Co - Founder and Chair of the African Energy Leaders Group (AELG) and A member of the UN Sustainable Energy for ALL (SE4ALL) board - a @UnitedNations and @worldbank Global Initiative, I welcome the New Deal on Energy for Africa because it promises to unify all other efforts aimed at improving electricity access across #Africa.
In Nigeria, #transcorppower Ltd with daily generating capacity of over 700MWs per day, is walking the talk and has contributed significantly to achieving universal energy access by boosting capacity more than 300% since acquiring the power station in Ughelli in 2012.
In an interview on @CNBC yesterday, I stated that we need to demonstrate assurances which will bring back investor confidence to the energy sector, even despite falling Oil Prices. The New Deal is precisely the sort of initiative which encourages investor confidence in Africa and it is only right that African Business and Political Leaders are at the fore-front driving this.
In Nigeria, Dr Kachikwu has committed to improving gas supply to the power plants, an action which will significantly improve our ability to increase power generation.
Similarly, Nigeria's Power Minister, Babatunde Raji Fashola is silently fixing the bottlenecks in the Nigerian power sector. The removal of these bottlenecks will unleash the private sector's capacity to significantly improve access to electricity.
This form of partnership is what we need to catalyse development across Africa.
As I always say, no one but us will develop Africa
#AfricaAtDavos #wef16 #worldbank #unitednations
— at Davos, Alps, Switzerland.