Africa to halt $120b annual hydrocarbon imports ….Lokpobiri
Nigeria’s Oil minister, Senator Heineken Lokpobiri, has reaffirmed Nigeria’s leadership role in advancing Africa’s energy security.
This is as he called for deeper regional integration at the Africa Oil Week (AOW) 2025 Ministerial and CEO Leadership Forum.
According to a statement by Nneamaka Okafor, Lokpobiri's media aide, the minister stressed that integration remains the most effective strategy to end Africa’s energy poverty, noting that shared infrastructure, harmonized standards, and technical expertise will enable the continent to secure its energy future.
He highlighted Africa’s heavy reliance on imports, revealing that the continent spends over $120 billion annually on hydrocarbon imports.
“This is capital flight. These funds should remain within Africa to fuel our own ...