Nigeria must begin to chart a new course for the oil and gas industry especially as there are possibilities that the commodity may lose much of its relevance in future.
This was according to the NNPC group Executive Committee Chairman of the Petroleum And Natural Gas Senior Staff Association Of Nigeria (PENGASSAN), Sale Abdulahi.
He was speaking during a tour of the Port Harcourt refinning company in Alesa Eleme in Rivers State and was accompanied by other executive members of PENGASSAN.
The group believes that as Nigeria’s demand for petrol is put at about 40 million litres per day, with the nation’s refineries currently producing less than installed capacity, there is need to develop the nation’s oil and gas sector for economic growth.
“We hear of concessioning, we are not averse to concessioning, but what we are saying is that while we are bringing in investors, we should be careful not to put our energy sector in the hands of foreigners. Because energy is security. Just like we can not put our security in the hands of foreigners, so we can’t put our energy sector in the hands of other persons.
“We have to have a roadmap in the oil and gas sector. That road map is very important. The road map will show where we are going to in the event that the product loses relevance in the future.
And how we must begin to move away from oil and gas dependence for the economy. We thought that the PIGB that has been passed at the Senate will help us to resolve all this,” he said.