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The world’s poor most affected by COVID-19 – NAEE



The world’s poor most affected by COVID-19 – NAEE

By Edith Ike-Eboh

The Nigerian Energy Economics Association (NAEE) says the world‘s poor have been hit hardest by the coronavirus pandemic, especially in the African region.

NAEE President Professor Yinka Omoregbe revealed this during the pre-conference press conference in Abuja on Saturday.

She said there was a need to have a strategic discussion on the impact of the pandemic, especially in relation to the global energy discussion to achieve a strategic response.

She said the association chose the topic “Strategic responses of the energy sector to the impact of COVID-19 on African economies” because the sector has been affected by the pandemic.

“The people most devastated by the pandemic are the poor.

“If you look around the world, in America, the communities most affected were the poor communities and those already suffering from inequalities like the African and Hispanic populations.

“Likewise, even in homogeneous countries like Nigeria, those most affected by it were those already poor or dependent on daily money to survive.

“There are so many impacts, especially on the poor around the world, as a result of the pandemic. Life expectancy has shortened, ” she said.

She said that given the ongoing discussion on zero energy emissions by 2050, Africa needs to discuss a way forward as it still struggles with a high poverty rate.

She said Africa needs to develop by increasing its energy needs and creating more innovative ways to achieve it.

“So we need to have an informed and strategic discussion in this area and that is why we have chosen and critically considered what should be the strategic responses of the energy sector to the impact of COVID-19 on Africa. and its countries, ”she said. noted.

Regarding the Petroleum Industry (GDP) Bill, she congratulated the National Assembly on its passage despite criticism from the oil communities about providing three percent of the operating company’s annual expenses as a fund. of development.

She noted that while the bill did not seem perfect, there was still an important step in the process of reforming the oil and gas industry.

According to her, it is impossible for the bill to satisfy everyone.

“We are happy that there is a GDP, what we are looking forward to is an Oil Industry Law (PIA), because we have been here before. Once we crossed this bridge we would have passed a mighty obstacle.

“We must now implement. I’m always very nervous when someone says let’s rewrite because that’s what caused this delay. Someone looks at it and says it hasn’t covered my interest, so let’s rewrite it.

“We can’t get a perfect bill; it will always be controversial, but the baby and the bathwater should not be thrown out. There are a lot of good things in GDP, ” she said.

She congratulated all the sponsors of the conference and assured that the 14th conference would come up with suggestions that would further contribute to strengthening the oil and gas sector in Nigeria.

In his intervention, a former president of the NAEE and director of the Center for Energy and Law at the University of Ibadan, Professor Adeola Adenikinju, said that the conference will bring together policymakers, leaders of the industry and academics. (NAN) (www.nannews. Ng)

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