Windhoek: Namibia's energy self-sufficiency is driven by vision and action, highlighting the government's focus on strong institutions and effective policies since independence, President Netumbo Nandi-Ndaitwah has stated. The president made these remarks at the 8th Namibia International Energy Conference, themed 'The Road to First Oil and Beyond: Partnership, Investment, Growth', held at Droombos near Windhoek.

According to Namibia Press Agency, Nandi-Ndaitwah praised the foresight of Namibia's founding fathers, citing the Petroleum Act of 1991 and the establishment of the PetroFund in 1992 as key measures taken long before the country's hydrocarbon potential was fully understood. She emphasized the necessity for updating frameworks to align with technological advancements and industry norms to ensure competitiveness and sustainable growth.

The president highlighted the need for investment and partnerships to fuel economic growth linked to oil exploration. She underscored the importance of the Petroleum Exploration and Production Amendment Bill in providing transparency and regulatory clarity to investors. A significant reform noted was the placement of the Upstream Petroleum Unit under the Presidency, which she explained as a move to reflect the strategic importance of the sector and ensure policy coherence.

Nandi-Ndaitwah further stressed the need for Namibia to adopt a 'Business Unusual' approach for mutual benefit, aiming towards achieving national oil production goals. She remarked that the conference presents an opportunity to enhance Namibia's understanding of the sector and define a unique path, while remaining wary of a 'resource curse'.

The president also noted the substantial oil and gas discoveries in Namibia's Orange Basin by TotalEnergies and Shell, positioning the country as a significant player in oil production. This development is expected to significantly shift the economy and deliver enduring benefits to society.