IESLGLOBAL

Pan African energy service company. Engineering Design Services, Engineering and Technical services, Manpower, Lab and QHSE consulting and Power Services

[IESLGLOBAL @IESLGLOBAL94]

https://t.co/E948EBqXq4

[IESLGLOBAL @IESLGLOBAL94]

Dr Diran Fawibe delivered a keynote speech during ICAN 24th Investiture Ceremony on Saturday 27th June, 2026.

Theme: “Driving Growth, Empowerment, and Community Relevance in a Challenged Economy.”

Read full speech on our LinkedIn page

[IESLGLOBAL @IESLGLOBAL94]

Eid Mubarak to you, your family and loved ones 🌙✨

[IESLGLOBAL @IESLGLOBAL94]

Dr Diran Fawibe Honoured as Energy Icon of the Year 2025

#iesl #energy #energytimes

[IESLGLOBAL @IESLGLOBAL94]

Happy Workers’ Day
#iesl #workersday #labourday

[IESLGLOBAL @IESLGLOBAL94]

Once again, I thank you for the honour of this FELLOWSHIP and may NAEE continue to grow from strength to strength.

Dr Diran Fawibe
27th April, 2026

[IESLGLOBAL @IESLGLOBAL94]

Dr. Diran Fawibe Receives Distinguished Fellowship of Nigerian Association For Energy Economics. (NAEE), Proposes Academy of Energy Economics for Nigeria

Distinguished Fellows of NAEE, eminent personalities in the house, distinguished ladies and gentlemen.

[IESLGLOBAL @IESLGLOBAL94]

If this proposal goes down well with you, you may therefore wish to take decision to go ahead with its implementation. I pledge my full support for the actualization of this proposal.

[IESLGLOBAL @IESLGLOBAL94]

Secondly, working diligently through the various organs of the Academy to ensure that the Academy becomes an important and credible voice in advocacy to be sought after by the Authorities when energy policy decisions are being considered.

[IESLGLOBAL @IESLGLOBAL94]

In my humble opinion, we should be able to change the narratives first by establishing the Academy of Energy Economics, which I am proposing tonight for your due consideration.

[IESLGLOBAL @IESLGLOBAL94]

My dear Energy Fellows, the Energy Economists in this country have seen how politics have changed the narratives on petroleum and energy policies with pervasive effects on economic and social lives of our people.

[IESLGLOBAL @IESLGLOBAL94]

• Recognize lifetime achievements in energy economics through election to fellowships.
• Define professional and ethical standards for energy economic analysis in Nigeria

[IESLGLOBAL @IESLGLOBAL94]

I am talking of distinguished scholars like Prof. Wumi Iledare, Prof. Akin Iwayemi, Prof. Adeola Adenikinju, Dr David Ige, Alhaji Yusuf Ali, Prof. Uwaifo of UNIBEN, Prof. Benedict Oramah, the erstwhile President of AFREXIM, and former GMDs of NNPC, NERC, NUPRC and CBN.

[IESLGLOBAL @IESLGLOBAL94]

In a number of public events, I have had the opportunity to witness the engagements of eminent Nigerians, who are distinguished scholars, finance experts and major industry players.

[IESLGLOBAL @IESLGLOBAL94]

Therefore, Nigerian Academy of Economics will provide Nigeria with an independent, non-partisan, fair elected body of individuals with contributions to Nigeria petroleum and energy economy for the purpose of Nigeria economic development and excellence.

[IESLGLOBAL @IESLGLOBAL94]

Yet we lack a single independent peer-recognized body of energy economists to provide a non-partisan analysis to the nation.
These energy decisions are too big to leave to politicians, the IOCs and government economists alone.

[IESLGLOBAL @IESLGLOBAL94]

There is no gainsaying that Nigerian Energy sector now faces the most critical energy economic decisions since the 70s with issues such as:
· Fuel subsidy removal (quo vadis!)
· Decade of Gas Commercialization
· PIA Implementation
· Energy Transition Financing

[IESLGLOBAL @IESLGLOBAL94]

Subsidy removal at the onset of this present Administration caused a fiscal shock but there was no independent and coherent ex-ante economic analysis in the public domain.

[IESLGLOBAL @IESLGLOBAL94]

We have seen this phenomenon several times with various energy issues having drastic impact on the Nigerian economy over the years.

[IESLGLOBAL @IESLGLOBAL94]

Although Oil and Gas in recent times could be having a reduced share of GDP however, I will say that Nigerian economy is all about Energy and Energy is Nigerian economy! In a popular parlance, when energy industry sneezes, Nigerian economy tends to catch cold.

[IESLGLOBAL @IESLGLOBAL94]

Nigeria Energy Sector contributes about 90% of foreign earnings and 50% of government revenue, yet critical policy decisions are made without a standing, independent peer recognized body of energy economists.