By Rédaction Africa Links 24 with Kim Feh
Published on 2024-01-30 09:22:48
NJ Ayuk, Executive Chairman and President of the African Energy Chamber, has stated that Africa has the sole responsibility to determine the financing of its energy future in the face of pressures from the West. He has defended the exploitation of fossil resources, criticized pressure from Western countries, and emphasized the priorities of African producers.
As a prominent figure in the African energy sector and a strong advocate for African entrepreneurship and the indigenous energy sector, NJ Ayuk is recognized as one of the foremost figures in African business today.
Centurion Law Group’s Founder and CEO NJ Ayuk has long emphasized that Africa’s oil and gas resources can drive socioeconomic revitalization throughout the continent. He has written books such as “Billions at Play: The Future of African Energy” that explains how this can be done.
The Cameroonian-born NJ Ayuk is a well-known dealmaker in the petroleum and power sectors and the founder of a leading energy-focused law firm, dedicating his career to helping African entrepreneurs.
Speaking in a recent interview with Jeune Afrique, NJ Ayuk stated that Africa has the sovereign right to define its own energy policy, whether using fossil fuels or clean energy, without interference from the West.
The former head of the South African law firm Centurion Law Group, NJ Ayuk, from Johannesburg, has high hopes for the exploitation of oil and gas fields on the continent. As President of the African Energy Chamber (AEC), he has initiated several significant meetings of the African oil industry, bringing together African policymakers, public and private sector leaders, and international investors to unlock pending projects and revive investment.
NJ Ayuk, the author of two books on Africa’s oil resources, has called on African decision-makers to reject anti-fossil fuel policies. He also emphasized the potential for the gas flared in countries like Nigeria, Cameroon, Ghana, Congo, and Equatorial Guinea to power a significant portion of the continent.
NJ Ayuk stressed the importance of investing oil revenues in sectors such as infrastructure, education, and health, in order to create a more resilient and balanced economy in Africa.
He also emphasized the need for transparent and accountable governance, diversification of the economy beyond the energy sector, and the development of local content to promote job creation and technology transfer in the oil and gas industry.
In conclusion NJ Ayuk stated that rather than succumbing to external pressures, African states should exploit their oil and gas resources to boost growth, create opportunities, and reduce energy poverty, while also investing in renewable energy. This approach is in line with the vision of a self-sufficient and prosperous Africa.
Read the original article(French) on Mimi Mefo Info
