June 29, 2022 7:16 PM
The event’s discussion was based on the theme, ‘Nigeria’s downstream oil and gas industry — navigating post-PIA realities confirmation’. “Over 85 million Nigerians do not have access to electricity but this provides an opportunity to provide energy through gas. This is to help unlock the huge gas potentials that Nigeria already has.”
“There is a narrowing window for Nigeria to get things right in the global market even though we are in the process, but it is important for us not to derail from the advantages gotten so far given the fact that it is a pre-election year,” Joe-Ezigbo said. Also speaking at the event, Adetunji Oyebanji, managing director, 11 Plc, said not fully deregulating the country’s downstream sector would lead to increased debt ratio and borrowing levels.
“Should the war in Ukraine persist, and the Naira continue to depreciate, prices of petroleum products would continue to go up.”