News
Amaechi Faults Oil/Gas Sector Policy Framework
Rivers State Governor, Rt. Hon. Chibuike Rotimi Amaechi, has attributed problems in the oil and gas sector in the country to faulty policy frameworks.
Governor Amaechi gave this indication at a dinner for delegates to the first Port Harcourt International Oil and Gas Summit organised by the State Ministry of Energy and Natural Resources at Government House, Port Harcourt.
Represented by his deputy, Engr. Tele Ikuru, Governor Amaechi regretted the wastage of the nation’s abundant gas endowment through flaring, saying it was ironical that scarce resources are still spent on the purchase of the product for cooking and other uses, expressing the hope that the trend would soon change.
He disclosed that the State has taken proactive steps aimed at ensuring that our oil and gas resources are properly managed, adding that the present administration had also adopted revolutionary measures in checking the activities of criminals in the sector, reiterating that the goal of the Summit was, to review issues in the sector, urging participants to chart the way forward.
Earlier, the Executive Director of Nigerian National Petroleum Corporation (NNPC), Mr. Abiye Suku, congratulated the administration of Governor Amaechi for being the first to organise that summit, advising that the State Government should assemble its indigenous oil professionals to fashion the way forward in the industry.
In her speech, the Executive Vice Chairman of Moni Pulo Nigeria Plc, Mrs. Seinye Lulu-Briggs, said that her organization’s policy was focused on providing opportunities for indigenous professionals in the oil and gas industry, noting that Moni Pulo had been setting the pace in the discharge of its corporate social responsibilities to host communities.
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