Oil & Energy
COREN Boss Wants NERC Scrapped
The Chairman, Council for the Regulation of Engineering in Nigeria (COREN), Mr Kashim Ali, has called for the scrapping of the Nigerian Electricity Regulatory Commission (NERC) as part of steps to bring sanity to the power sector.
Ali, who made the call in an interview with newsmen in Lagos said, NERC should be scrapped and its functions be transferred to the Nigerian Electricity Management Services Authority to reduce unnecessary bureaucracy and ensure effective management.
The COREN boss also attributed the failures recorded in the country in managing the critical sector to the use of wrong people in important position even when the nation has huge human capacity to manage affairs.
“In the power sector, which is one of the areas of our economy that we have huge challenges, if you trace it back over the years, you will notice that the leadership of that sector had always been in the wrong hands,” he said, noting that it was only during a brief period that the minister of power was an engineer.
He also cited the Niger Delta Power Holding Company (NDPHC) whose duty is to construct National Integrated Power Projects (NIPP) all over the country, but headed by an accountant.
“To regulate any professional process, you need to be trained in that area. But in our case, who is doing it? A lawyer, and you say there should be no crisis in the power sector, there will be crisis.”
“The crisis is there and you will continue to have it magnified until the right thing is done. So why waste our resources in putting people in areas in which they have no competence,” he maintained.
He blamed the government for being largely responsible for the crisis facing most sectors of the country because they use wrong persons for critical positions and equally seek the advice of wrong persons and noted that until the trend is changed, the result might not change.
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Oil & Energy
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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