Oil & Energy
Don Advises FG On Subsidy Removal
A University don, Professor Ben Naanen of University of Port Harcourt has stressed the need for Federal Government to strike a balance in its planned removal of petroleum subsidy in order not to further impoverish the ordinary Nigerians.
Professor Naanen who stated this in an interview with The Tide in Port Harcourt noted that the ordinary Nigerians had at no time benefited from oil subsidy.
He argued that there is a mafia in the oil sector of the country manipulating the subsidy at the expense of Nigerians, pointing out that the policy only existed in principles and not for the benefit of all.
“You will notice that the N65 per litre that they are supposed to sell is not working, so who are those benefiting.
There is apparently an oil mafia in this country based in whatever part that are secretly manipulating the subsidy and making a killing at the expense of Nigerians. This N65 only operates in some places”, he declared.
While supporting its removal, however, the professor of History stressed the need for the federal Government to close-mark Petroleum marketers, who he said, would capitalise on the development to cheat on the consumers of petroleum products.
His words: “The problem here is that markets will still capitalise on the subsidy removal to make things difficult for the people. If you look at the overall structure or nature of our economy, our transportation system is completely motorised and all these vehicles depend on hydro-carbon fuel as well as our energy system. I think it is going to exacerbate poverty”.
Underscoring the need to improve on other sources of energy, Professor Naanen urged the government and other stakeholders to find lasting solution to the infrastructural development of the country, pointing out that road transportation alone was not enough for the over 150 million people in Nigeria.
Meanwhile, the Minister of Petroleum Resources, Mrs Diezani Alison-Madueke says the date for the commencement of the subsidy withdrawal has not been fixed as government is still consulting with Nigerians.
Mrs Madueke while speaking in Perth, Australia recently noted that a panel would be set up to manage the money that would accrue from the subsidy just as she assured transparency and efficiency in the use of the money.
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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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