Oil & Energy
Security Critical To Oil Sector Growth – NCDMB

The Nigeria Content Development and Monitoring Board (NCDMB) has highlighted the importance of security to the growth of the nation’s oil and gas sector.
The Executive Secretary, NCDMB, Mr Simbi Wabote, therefore called for collaboration with the Nigeria Police Force towards improving the operations in the sector.
Wabote spoke during a courtesy visit to the Nigeria Police Force Headquarters in Abuja recently, according to a statement.
He said the visit was necessitated by the need to foster collaboration between the police in safeguarding lives and infrastructure within the NCDMB’s operational areas.
“The Police Commissioner in Bayelsa has provided tremendous support in terms of security in the past, and we are here to ask for more security support for staff and critical infrastructure,”
He reassured the police of the NCDMB’s support in the areas of security equipment and human capacity building.
Wabote said the success recorded by the board since inception in April 2010 included in-country retention of over 30 per cent oil and gas industry annual spend against less than five per cent prior to the enactment of the Nigeria Oil and Gas Industry Content Development Act.
In his response, the Inspector -General of Police, Mohammed Adamu, expressed appreciation to the NCDMB for the visit and commended the executive secretary for the achievements made so far by the board.
He assured the NCDMB of the Nigeria Police’s security support to enable it to maximally perform its core mandate.
According to him, the Nigeria Police will do everything possible to synergise and improve the board’s performance in line with its obligation to provide adequate security in the entire country.
Adamu urged the NCDMB to effectively collaborate with the police command in Bayelsa State in the area of corporate social responsibility and other stakeholder engagements.
The IGP said the police was committed to collaborating with government agencies to help tackle the current insecurity challenges plaguing the nation.
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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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