The Chairman of PANA Holdings and Group Chief Executive Officer of PE Energy Limited, Daere Akobo, has called for greater investment in youth-centred technological innovations to drive Africa’s economic transformation.
According to a statement, Akobo, at the recently held Sub-Saharan Africa International Petroleum Exhibition and Conference 2025 in Lagos, urged industry leaders to prioritise mentorship, innovation, and global competitiveness in technology-driven sectors.
“Our policymakers need to understand that policy without people is a fiasco,” he said, stressing the need for strategic policies that empower young professionals.
The energy executive commended the Nigerian Petroleum Regulatory Commission for its mentorship programmes, noting their role in shaping the next generation of industry leaders. However, he warned against a looming “youthquake”—a disruptive gap in youth engagement—if young people are not equipped with skills to transform Africa’s economy.
He also challenged the current trend of youth engagement on digital platforms, advocating for a shift from entertainment-focused applications to technology solutions addressing critical sectors such as agriculture, energy, and industrial development.
“Africa must prioritise return on investment in talent development and ensure that policymakers align strategies with human capital growth for long-term economic success,” he stated.
According to the statement, the SAIPEC 2025 conference, held in Lagos, from February 11 to 13, is the largest industry-led energy event in Sub-Saharan Africa.
The conference organised by the Petroleum Technology Association of Nigeria in partnership with the Nigerian Content Development and Monitoring Board and NNPC Limited, brings together key stakeholders to discuss pathways for Africa’s sustainable growth in the global economy.