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Nigeria Needs to Address the Grossly Insufficient Investments in the Oil and Gas Industry

Aug 25, 2022   •   by   •   Source: WebTV   •   eye-icon 202 views

At the just concluded 62nd Nigerian Bar Association, Dr. Emmanuel Ibe Kachikwu the Former Minister of State, Petroleum Resources was a panelist in the plenary 2 sessions which discussed “Energy Transitions, Revenue Challenges for the Nigerian Federation”.

He stressed the need for Nigeria to address the grossly insufficient investments in the Oil and Gas industry, in the following ways:

  1. Achieving a Robust Regulatory Capacity for the Industry 
  2. Encouraging the Oil Producing States to be involved in the marginal oil production 
  3. Strengthening Host Communities' participation in the protection of critical oil and gas installations. 
  4. Addressing the JV Funding constraints in the industry, by exploring the IJV model. 
  5. Tackling the menace of Crude Oil theft which is affecting revenue and investments. 
  6. Provide the enabling environment that will attract more Oil and Gas companies to invest.

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