Oil & Energy
Fashola Proffers Solution To Epileptic Power Supply
The Lagos State Gover
nor, Babatunde Fashola has challenged Nigerians yearning for uninterrupted power supply to use the forthcoming 2015 general election to vote out the ruling Peoples Democratic Party (PDP).
Fashola who spoke Friday at an event to commemorate his 2,600 days in office held at the Blue Roof, Lagos Television premises said only when such is done can the feat be achieved.
He said the crisis in the power sector is aided by the lack of ideas and insincerity of purpose on the part of the Federal Government.
He lamented that “It is possible to generate electricity and to make sure that everybody in this country has electricity. I agree with you, it is simple; what we have done in Lagos within the areas where we are constrained showed that it can be done” and noted that the only way to have electricity in the country was to vote out PDP.
He said that, “in 16 years, hundreds of billions of Naira, trillions of Naira have been spent and yet we cannot switch on electricity but in seven years, we have created four plants, and we can enjoy regular power it showed that something is missing. So unless you vote for All Progressives Congress (APC) and do away with an inefficient government it is going to be difficult to have electricity.”
He said they started from vision 2020-20 and remarked that they had no vision but mere nightmare. “They moved to seven Point Agenda and now back to Transformation”, he remarked and urged them to ensure PDP was voted out in 2015.
Fashola continued, “Let me also say that in the last seven years, one may want to ask how many new power plants the Federal Government have commissioned because sometime the power that is coming to Lagos at most is 1000 mega watts and often times it is 600 and at most 800 mega watts”.
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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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