Elumelu to give keynote address as UBA takes centre stage at 2024 ECOWAS Mining Forum

Tony Elumelu
Tony Elumelu

United Bank for Africa (UBA) Plc has been announced as the official sponsor of the fourth edition of the ECOWAS Mining and Petroleum Forum (ECOMOF 2024) scheduled to take place at the Palais des Congrès in Cotonou, Benin from February 22 to February 24, 2024.

The regional event is expected to see a large gathering of key players and stakeholders in the mining and petroleum sectors of the Economic Community of West African States (ECOWAS) and as the financial institution of choice, with presence in 20 African countries and active involvement in major continental development projects, UBA is the preferred partner for the event, underlining the bank’s commitment to the growth of mining and Petroleum industry in the sub-region but to the whole not African economic development.

UBA Group chairman Tony Elumelu will give the keynote address during the opening ceremony of the event.

Mr Elumelu, also chairman of Transcorp Group, with extensive interests in energy and power, will be speaking on the theme “Geo-extractive Resources and Technologies: what pooling strategies for Value Creation in West Africa.”

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His speech is expected to highlight UBA’s increasing effort to support and develop the African continent through strategic investments in the key sectors of mining and petroleum.

Under the leadership of the President of the Republic of Benin, Patrice Talon, and the President of Nigeria and current President of ECOWAS, Bola Tinubu, UBA Group will at the forum aiming to restate its commitment towards supporting economic and social development across the continent.

The focus of ECOMOF 2024 underscores the significance of transforming the mining and oil sectors into economic pillars by formulating attractive policies for investors, essential for the sectors’ substantial contribution to the Gross Domestic Products (GDP) of ECOWAS member states.

The Transnational Corporation Group (Transcorp Plc) – a diversified conglomerate with strategic investments in various sectors, including power and energy – will also actively participate in the forum.

Key officials from UBA Group and Transcorp Plc, including the chief executive officer of UBA Africa, Abiola Bawuah; UBA’s group head of corporate and energy bank, Ebele Ogbue; and president/chief executive officer of Transcorp Group, Owen Omogiafo will be actively involved in discussions and panels on the sidelines of the event.

Anticipated to attract over 2,000 participants from diverse sectors, including representatives from mining and oil industries, government officials, international and national investors, industry experts, ECOWAS delegates, and international organizations, ECOMOF 2024 promises to be a significant platform for collaborative dialogue and partnership building.