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Oando subsidiary pledges to build local capacity



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Following the successful conclusion of the 27th United Nations Climate Change Conference of the Parties, Oando Clean Energy has said climate pledges must be matched with action, promising to champion Nigeria’s net zero agenda.

A statement by the company said with the COP27 themed ‘delivering for the people and the planet’, it served as an opportunity to showcase what countries are doing to safeguard the planet, and Africa was not left out at the event.

OCEL, the renewable energy subsidiary of Oando Plc, and part of the Nigerian delegation to COP27, hosted two side events at the Nigeria pavilion.

The first side-event themed ‘Decarbonising an oil-rich region: A case for the Niger Delta’, was held in partnership with the Ministry of Niger Delta Affairs, National Council on Climate Change, REAN and Stratus Limited.

The event had a diverse audience of financiers, partners, Government officials and NGOs. Director of Environmental Management, John Agada, gave the welcome address on behalf of the Minister of State, Ministry of Niger Delta Affairs, Chief Sharon Ikeazor; while Executive Vice President, OCEL, Ademola Ogunbanjo, made a presentation on OCEL’s sustainable transport initiative specifically targeted at decarbonising the Niger Delta among other initiatives.

Conversations on the role of PPPs, climate financing and an enabling business environment intensified at OCEL’s second side event, themed ‘Achieving Nigeria’s net zero’.

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