Asharami Synergy Limited, a Sahara Group downstream company in Nigeria, has called for increased investment in energy infrastructure through Public-Private Partnerships (PPPs) and enhanced collaboration among stakeholders to drive sustainable regulation, growth, and development of the sector.
The company made this call via a statement signed by the Corporate Communications Officer, Sahara Group Ltd, Bethel Obioma, at the sidelines of the IATA Aviation Energy Forum in Vienna, Austria.
Head, Downstream Africa, Sahara Group, Foluso Sobanjo, called for investments in infrastructure through sundry PPP and collaboration among all stakeholders, including IATA, airlines, the Federal Airport Authority of Nigeria and petroleum marketers, to drive sustainable regulation, growth and development of the sector. He mentioned that suppliers need to be able to access credit at the right prices as this would help facilitate investments in essential infrastructure like tank farms, bowsers and trucks. He added that this would enhance operational capabilities and logistical efficiency, thereby supporting long-term growth and healthy competitiveness in the sector.
Sobanjo stressed that on growth factors for the Nigerian market, the sector would benefit from adequate refining capacity, FX stability, cheaper funds and infrastructure development. He said achieving FX stability would impact the Jet fuel market positively by reducing product costs, solving liquidity issues facing the airlines and helping with the repatriation of investments by foreign airlines which would spur further investments.
Chief Executive Officer, Asharami Synergy, Nomnso Dike said their diversified product supply chain facilitates availability and competitive pricing in the market.
