Oil & Energy
NEMSA Plans Stakeholders Forum
The Nigerian Electricity Management Service Agency (NEMSA) says it has concluded plans to organise its second stakeholders forum on the enforcement of Technical Standards and Regulations, Safety Testing and Certification in Nigeria.
The body in a statement made available to The Tide said the event will hold on Tuesday November 13th at the International Conference Centre (ICC) Garki, Abuja.
The statement disclosed that the forum was in line with the provisions of the NEMSA Act 2015, and called on all relevant stakeholders to attend.
According to the statement, the theme for the 2nd NEMSA forum is, “Importance of Enforcement of Technical Standards and Regulations, Testing and Certification: A Veritable Tool for Safety and Improved Power Supply in Nigeria.
The Hon Minister of Power, Works and Housing, Babatunde Raji Fashola is expected to declare the forum open as well as deliver the keynote address at the event.
The statement further indicated that the Chairman, Senate Committee on Power, Chairman, House Committee on Power, Minister of Federal Capital Territory (FCT), Ministers of State, Power, Works and Housing, and the Chairman, Electricity Regulatory Commission (NERC) are expected to grace the forum.
Over five hundred stakeholders in the power, oil and gas industry and commerce, Housing and allied sectors are also expected to be in attendance.
The forum will provide platform for relevant stakeholders in the power sector to brainstorm on measures of promoting better service delivery in the sector.
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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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