• RHG chair says region must build integrated energy market
Emmanuel Addeh in Abuja
West Africa needs a $3 billion regional settlement facility, harmonised regulations and deeper cross-border integration to unlock a potential $3 trillion cumulative energy market by 2035, the Chairman of RHG Advisory, Suleiman Yahyah, has said.
Yahyah, who spoke on the second day of the West African Refined Fuel Market (WARFM) conference in Abuja yesterday, said the region could no longer afford to approach energy development as a collection of individual national projects, arguing that a systems-based approach was needed to rapidly correct existing market imbalances.
The conference was organised by the West African Regulators Forum (WARF), the Nigerian Midstream and Downstream Petroleum Regulatory Authority(NMDPRA) and S&P Global Energy.
