Citi Identifies Opportunities For Energy Entrepreneurs In Nigeria

Citi has presented an outlook for energy markets including oil, gas, power and renewables, in the short, medium and long-term to Vice President Yemi Osinbajo and members of the Federal Government’s Economic Management Team (EMT).

The presentation was designed to provide Nigeria’s top economic managers with the forecast international market prices for oil and other energy sources such as gas.

With Nigeria as a key focus country for Citi within Africa and the Emerging Markets, the delegation was led by Citi Nigeria CEO, Mr Akin Dawodu who said:

“It has been a great privilege to provide this key data and information to the top-tiers of government through the EMT as Chaired by His Excellency, the Vice President. We were honoured to have the opportunity and greatly impressed by the levels of engagement and focus of the members of the EMT.”

Other members of the delegation included Citi’s Global Head of Energy Strategy, Mr. Seth Kleinman, who was the lead presenter, Citi’s Chief Economist for Africa, Mr. David Cowan and Citi’s Regional Public Sector Head, Mrs Funmi Ogunlesi.

Mr. Kleinman also expressed Citi’s appreciation for the opportunity and stated that it represented a great honour for Citi, to have been have been invited to give this presentation.

The Vice President expressed his appreciation to Citi for the very timely presentation, which he said would assist in future planning for the economy.

Other members of the EMT present included the Minister of Trade and Investment Dr. Okey Enelamah, the Minister of Budget and Planning Mr Udo Udoma, Minister of Information and Culture Alhaji Lai Mohammed, the Director General of the Debt Management Office, Dr. Abraham Nwankwo, Director General of the Budget Office of the Federation Mr Ben Akabueze and Dr. Yemi Kale, CEO of the National Bureau of Statistics.