• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, June 6, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria Needs Home-grown Solution To Tackle Oil & Gas Industry Challenges – Lokpobiri

by Nse Anthony - Uko
2 years ago
in Business
Oil & Gas Industry
Share on WhatsAppShare on FacebookShare on XTelegram

The Minister of State Petroleum (Oil), Heineken Lokpobiri has tasked stakeholders in the Nigerian oil and gas industry to develop home-grown solutions to the low oil output, and crude oil theft among other issues confronting the industry.

Advertisement

Lokpobiri said this yesterday at the 2023 3rd Biennial International Conference on Hydrocarbon Science & Technology (ICHST).

The minister said Nigeria has been a big player in the oil and gas industry both in Africa and globally, adding that for Nigeria to sustain its place as a major player in the oil and gas sector, industrial players need to update their knowledge and keep up with trends.

Lokpobiri said, “My expectation is for us to come up with our home-grown solution to address our problem in the petroleum industry. You will agree with me that in Nigeria today, we have so many problems developing the oil industry beginning with pipeline vandalisation, oil theft, low productivity and we can’t even meet our OPEC quota.

“As a ministry, our expectation is that all the agencies in the ministry, beginning with PTI to PTDF to NNPCL, to NUPRC to NMDPRA and all parastatals will be able to collaborate going forward to be able to evolve relevant technology that we need to be able to address our local oil production problems; our local gas production problems. Nobody will come here and find solutions to our own problem.”

RELATED

SEC Urges Young People To Avoid Ponzi Schemes

SEC Sets November Deadline For T+2 Settlement Cycle Compliance By Operators

19 hours ago
Zenith Grows Earnings By 24% To N945.5bn

Zenith Bank Named Nigeria’s Best Bank At 2025 Global Finance Awards

19 hours ago

He charged industry experts to develop solutions to tackle oil theft, and low crude production among others, and not to “copy other people’s work and ideas that are not relevant to solving our problems in the country.”

This is as the Nigerian National Petroleum Company Ltd has said that it will play a leading role in bridging the human capacity needs of the country’s energy sector along with the Petroleum Industry Act.

Director of NNPC Limited Academy, Folashade Adekeye, who spoke on the theme ‘The Future of the Oil and Gas Industry: Opportunities, Challenges and Developments,’ said the NNPC has entered partnerships with reputable institutions organisations and professional bodies to equip players within and outside the industry for the challenges ahead.

Adekeye said, “For us in the NNPC Academy and RTI (Research Technology and Innovation) division, we are excited to be part of the success story as sponsors and partners in this year’s conference which is focussed on the sector’s challenges and opportunities.

“With the passage of the PIA and the need to prepare the workforce in the energy sector, stakeholders, and the public on emerging trends, NNPC Academy is poised to play a leading role in human capacity development.

“We are into partnership with reputable institutions, organisations, and professional bodies in equipping players within and outside the industry for the eventual challenges ahead. Our partnership and collaboration with PTI through ICHST will spur innovation and expansion in the energy sector.

“It will focus on the most recent trends, techniques and legislations influencing the future of the energy sector. It will highlight how the energy sector may transition to a more sustainable energy mix, while balancing environmental and social concerns in the context of the fast-evolving energy landscape.”

The executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, said in his address that human capital is vital to the successful operation of the oil and gas industry, adding that this is why the industry should focus on local content development.

Wabote said prior to the enactment of the Nigerian Oil and Gas Industry Content Development Act 210, the country’s oil and gas industry was dominated by skilled manpower headed by expatriates while Nigerians played majorly in the unskilled areas.

He said after the enactment of the Act, there were improvements in the number of skilled Nigerians in the oil and gas industry.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


SendShareTweetShare
Previous Post

Israel-Hamas: Adebayo Seeks Restoration Of Peace In Middle-East

Next Post

Forum Endorses Diri For Second Term

Nse Anthony - Uko

Nse Anthony - Uko

You May Like

SEC Urges Young People To Avoid Ponzi Schemes
Business

SEC Sets November Deadline For T+2 Settlement Cycle Compliance By Operators

2025/06/05
Zenith Grows Earnings By 24% To N945.5bn
Business

Zenith Bank Named Nigeria’s Best Bank At 2025 Global Finance Awards

2025/06/05
Oyetola
Business

Oyetola Leads Nigeria’s Delegation To UN Ocean Conference In France

2025/06/05
Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Bullish Streak Extends As Stock Market Cap Hits N71trn

2025/06/05
Oando Resolves Shareholder Dispute, Releases 2019, 2020 Results
Business

Oando PAT Up 267% To N220bn

2025/06/05
Electricity Workers Shut Down AEDC Headquarters Over Unresolved Workers’ Grievances
Business

Power Outage Looms In Abuja, 3 States As AEDC Workers Issue Strike Notice

2025/06/05
Leadership Conference advertisement

LATEST

Eidal-Adha: Matawalle Donates 3,000 Rams To Zamfara People

In Sallah Message, Tinubu Assures Nigeria ‘ll Prosper, Reforms Working

Crisis Brews In Zazzau Emirate As Ex-Waziri Petitions Kaduna Assembly Over Emir’s Seat

Trump Would Have Lost Election Without Me — Elon Musk

Eid-el-Kabir: Ganduje Rejoices With Muslim Ummah, Preaches Sacrifice, Charity

Era Of Banditry, Terrorism ‘ll Soon End — Wike

Abuja Lions Club Donates 90-bed Hostel To FCT School Of The Blind

Eid-el-Kabir: Senator Ajagunla Shares 2,500 Bags Of Rice, 100 Rams To Constituents

Eid-el-Kabir: Speaker Abbas Urges Muslims To Pray For Nigeria, Imbibe Spirit Of Sacrifice

Eid-El-Kabir: Barau Calls For Unity, Support For Needy

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.