Mr. Adokiye Tombomieye, Chief Operating Officer, Upstream at NNPC

Oil and gas conference to address challenges in energy transition ─NNPC

*The Nigerian National Petroleum Corporation has said stakeholders in the oil and gas industry are poised to add value not just to the Nigerian economy but the global economy

Isola Moses | ConsumerConnect

The Nigerian National Petroleum Corporation (NNPC) has expressed optimism that it will soon find a solution to the challenges of energy transition in the country.

ConsumerConnect gathered Mr. Adokiye Tombomieye, Chief Operating Officer (COO), Upstream at NNPC, said this on the sidelines of the ongoing Nigeria Oil and Gas (NOG) Conference in Abuja, FCT.

The NNPC COO stated government and stakeholders in the country’s oil and gas industry have intensified effort at evolving a solution to the way Nigeria would move from transit fuel to other areas that were of lower carbon credit.

Mr. Tombomieye said: “The expectation on this conference is that we need to know where the challenges are because currently, we are having challenges in terms of energy transition.

“So, what do we do beyond now moving from transit fuel to other areas that are of lower carbon credit.

“To this end, our expectation is that Nigerians should fully participate in all the aspect of the oil and gas industry and add value not just to the Nigerian economy but economy all over the world.”

Likewise, Mr. Patrick Obah, Director of Planning, Research and Statistics, Nigerian Content Development and Monitoring Board (NCDMB), in his address at the forum, noted that the government is undeterred to promote local content practice in the oil and gas industry even in difficult circumstances, agency report said.

Obah noted that efforts had been made by the board to bring succour to local companies that needed financial support to deliver services to their clients.

Among other things, he stated, the succour provided a veritable avenue for the companies to make policy inputs in Federal Government’s realisation of gas utilisation in in the country.

The NCDMB chief said: “Our strategy is to ensure that COVID-19 did not slow down the growth of local content in Nigeria.

“The NCDMB’s 10-year strategic roadmap is targeted at increasing the local content values at 70 per cent within 10 years from 2017.

“We are creating 300,000 jobs to push the effect of COVID-19 behind us and retain 14 million dollars out of the annual 20 million dollars fund.

“This is to increase activities in the manufacturing and marine industry production and so on by 2027.”

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