Tony Attah, Managing Director/Chief Executive Officer of Renaissance Africa Energy Company, has called for Nigeria's economic reforms to be judged by tangible outcomes, particularly in energy supply and industrial productivity. He made the appeal at the 20th Annual Conference of the Nigerian Bar Association Section on Business Law (NBA-SBL) in Abuja. Attah stressed that policy announcements must be matched by measurable improvements in real-sector performance, with reliable and affordable power as a key benchmark. "Energy is the single most important input into Nigeria's real sector, and today, it is also its biggest constraint," he said.
He pointed to the high cost of self-generation by businesses as a major factor driving up operating expenses and undermining competitiveness. Attah positioned Renaissance Africa Energy Company as a response to Nigeria's economic turning point, with a focus on energy security, industrialisation, and African-led value creation. Since taking over operations from the Shell Petroleum Development Company (SPDC), the company recorded over 40 percent growth in upstream production within 100 days. This increase, he said, has expanded the availability of feedstock for power generation and industrial use.
Attah urged stakeholders to shift focus from reform rhetoric to actual delivery, particularly in sectors that directly affect production and cost of doing business. He emphasized that sustainable development must be rooted in operational efficiency and locally driven solutions.
Tony Attah criticizes policy talk while his own company's 40 percent production jump in 100 days shows gains are possible under the same reform environment. This suggests the bottleneck may not be the economy's direction but how slowly others move compared to private African-led firms. Nigerian businesses paying high costs for self-generated power have a clear benchmark now for what energy progress should look like.
Editorial note: AI-assisted opinion, not established fact. Full disclaimer →
