Oil & Energy
Traders Seek Support For N600m Electricity Village Project
The Electrical Materials
Dealers Association, Rivers State is soliciting for the support of the Rivers State Government and other willing bodies towards full development of the N600 million ultra modern Electrical Village at Iriebe in Obio/Akpor Local Government Area of the state.
President of the association, Mr Everest Egbodo, who disclosed this to our correspondent in Port Harcourt on Wednesday said the project has achieved 40 per cent completion and that the body was in dire need of financial and other supports to actualize the project.
Comrade Egbodo described the projects as the best in Nigeria in terms of facilities and noted that when completed it would attract a lot of business from the West African sub-region to the state and also help decongest the present Okija Street where about 4,000 electrical dealers are operating.
He said the market which covers over 99 plots of land has all the state-of-the-art facilities needed in a modern market such as union secretariat, police post, fire service, crèche and bank, amongst others.
“We are shopping for partners from willing bodies in various areas and, if completed, the project would attract so much businesses to the state”.
He explained that the building materials market close to the village had been completed over 10 years ago because building materials do not need structure and the kind of capital-intensive facilities as the electrical village.
The association’s boss regretted that now the present electrical market, members pay high annual rents of between N300,000 to N800,000 per shop with all sorts of embarrassment including police harassment amongst so many other challenges.
He, however commended authorities of the Greater Port Harcourt Development Authority for approving the market site plan and stressed the commitment of the association towards ensuring that it meets the Rivers State Government’s plan of relocating the market to a more appropriate site.
Chris Oluoh

L-R: Executive Officer, Nns Pathfinder, Capt. Sam Bura, Commander, Commodore Godwin Ochai and Deputy Commandant and Head of Operations, Nigeria Security and Civil Defence Corps (Nscdc), Rivers State, Mr Olowoyotan Bamidele, during hand over of seven suspects and 250 drums of illegally refined diesel to Nscdc in Port Harcourt, recently.
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Digital Technology Key To Nigeria’s Oil, Gas Future

Experts in the oil and gas industry have said that the adoption of digital technologies would tackle inefficiencies and drive sustainable growth in the energy sector.
With the theme of the symposium as ‘Transforming Energy: The Digital Evolution of Oil and Gas’, he gathering drew top industry players, media leaders, traditional rulers, students, and security officials for a wide-ranging dialogue on the future of Nigeria’s most vital industry.
Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya, highlighted the role of digital solutions across exploration, drilling, production, and other oil services.
Represented by the Vice Chairman, Obi Uzu, Ogunsanya noted that Nigeria’s oil production had risen to about 1.7 million barrels per day and was expected to reach two million barrels soon.
Ogunsanya emphasised that increased production would strengthen the naira and fund key infrastructure projects, such as railway networks connecting Lagos to northern, eastern, and southern Nigeria, without excessive borrowing.
He stressed the importance of using oil revenue to sustain national development rather than relying heavily on loans, which undermine financial independence.
Comparing Nigeria to Norway, Ogunsanya explained how the Nordic country had prudently saved and invested oil earnings into education, infrastructure, and long-term development, in contrast to the nation’s monthly revenue distribution system.
Chief Executive Officer (CEO) and Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Clement Using, represented by the Secretary of the Association, Ms Ogechi Nkwoji, highlighted the urgent need for stakeholders and regulators in the sector to embrace digital technologies.
According to him, digital evolution can boost operational efficiency, reduce costs, enhance safety, and align with sustainability goals.
Isong pointed out that the downstream energy sector forms the backbone of Nigeria’s economy saying “When the downstream system functions well, commerce thrives, hospitals operate, and markets stay open. When it fails, chaos and hardship follow immediately,” he said.
He identified challenges such as price volatility, equipment failures, fuel losses, fraud, and environmental risks, linking them to aging infrastructure, poor record-keeping, and skill gaps.
According to Isong, the solution lies in integrated digital tools such as sensors, automation, analytics, and secure transaction systems to monitor refining, storage, distribution, and retail activities.
He highlighted key technologies including IoT forecourt automation for real-time pump activity and sales tracking, remote pricing and reconciliation systems at retail fuel stations, AI-powered pipeline leak detection, terminal automation for depot operations, digital tank gauging, and predictive maintenance.
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