- Advertisement -In what looks like a bold call to action, Nigeria’s Renaissance Africa Energy Company Limited has urged African nations to take full ownership of the continent’s vast hydrocarbon resources, positioning energy leadership as the key to unlocking industrialisation and sustainable development. Renaissance is here to ignite that change, starting from Nigeria and spreading across the continent,” said Dr. Layi Fatona, Chairman of the Board of Directors at Renaissance, on Tuesday, September 30, 2025, during a high-level panel themed Frontier Plays in Mature Basins, at the ongoing Africa Energy Week in Cape Town, South Africa. Mature basins like the Niger Delta, Sirte, and Lower Congo are not just relics—they are bridges to a cleaner, more secure energy future,” he said. Dr. Fatona lamented Africa’s longstanding inability to harness its abundant natural resources for meaningful development and the benefit of its people. Renaissance, formerly The Shell Petroleum Development Company of Nigeria Limited, is a wholly owned subsidiary of Renaissance Africa Energy Holding Company, and operator of Nigeria’s largest upstream joint venture composed of NNPC Limited; TotalEnergies and Agip Energy and Natural Resources.