NAEC Summit Explores Sustainable Solution For Energy Crises


The conference held on Thursday, August 20th at Eko Hotel, Victoria Island, Lagos, saw stakeholders in the Nigerian Oil and Gas Industry, air their views and proffer solution to the menace plaguing the Industry.

Titled “Energy Crises and Sustainable Development in Nigeria: The Way Forward”, the Conference saw two discussion groups take on core issues.

While speaking at the event, National President of the Petroleum and Natural Gas Senior Staff Association (PENGASSAN), Com. Francis Johnson, urged President Buhari to hurry up with the Petroleum Industry Bill.

According to Johnson, the new Administration is taking too long with the policy, stressing that the delay can cause setbacks to the country’s economy.

“Government must come out with statement of where we are going with the PIB. We just can’t be there like that without a frame work because the industry will just go down and this is not too good for us as a country,” he said.

The first group headed by Chairman/Managing Director, Mr.Tunji Oyebanji, tackled “Deregulation: A Key to Sustainable Development in the Oil and Gas Sector.”

Speaking, Oyebanji stressed that Deregulation is the key to the growth of the Industry.

According to him, Nigeria may no longer afford to spend money the way it used to several years back, hence, the need to allow private industry investors to weigh into the business so the masses can have access to quality products and marketers can also benefit.

He also stressed that the only way Deregulation can work, is to make sure marketers are not “ganging up to fix prices in their various states.”

According to him, the prices must be “competitive”.

Other discussants in the group include, MD, NIPCO PLC, Mr.Venkataraman Venkatapathy, MD, Kaztec Engineering Nigeria Limited, Mr.John Neizner, President/CEO, Dangote Group, Alhaji Aliko Dangote, Executive Secretary, Major Oil Marketers Association of Nigeria(MOMAN), Mr. Obafemi Olawore and  National President of the Petroleum and Natural Gas Senior Staff Association (PENGASSAN), Com.Francis Johnson.

The second session themed “Tackling Gas Supply Challenges to Arvest Power Crises” bothered on how more gas can be generated locally, correct pricing, reducing gas flaring, efficiaency of distribution companies and how consumers can benefit more from the product.

Headed by GMF, Aiteo Power, Dr. Ramson Owan, Senior Consultant, Nigeria Infrastructure Advisory Facility, Dr.Frank Edozie, Perm.Sec,Ministry of Power, Amb.God knows Igali, Chairman, Nigeria Electricity Regulatory Commission, Dr. Sam Amadi, MD, Power Cap Nigeria Ltd, Mr.Abiodun Ogunleye, DG, Bureau of Public Enterprises, Mr Benjamin Dikki, MD, Frontier Oil Ltd, Mr.Thomas Dada, CEO, Eko Electricity Distribution Company, Dr.Oladele Amoda, CEO, Ikeja Electricity Plc, Mr.Abiodun Ajifowobaje, and CEO, Egbin Power Station, Mr.Dallas M.Peavey Jr.

By: Akintayo Opeoluwani (Daily Times)