NBA Conference: Tony Elumelu Emphasised Urgent Need for Oil, Gas Sector Reform

Recent remarks by renowned businessman Tony O. Elumelu at the Nigerian Bar Association (NBA) Annual General Conference shed light on significant difficulties in Nigeria’s oil and gas industry.
Elumelu stressed the significance of unity and teamwork for successful nation-building while addressing a group of leaders from various sectors, including the legal community and government authorities.
Speaking to the crowd, Elumelu emphasised his worries about the ongoing oil theft and pipeline devastation that continue to plague Nigeria’s energy industry and are robbing the country of its commonwealth.
In addition to promoting a reliable and sustainable power supply for the nation’s businesses, he emphasised the necessity for regulatory frameworks that reward performance in the oil and gas sector.
Elumelu cited the TransAfam Power Plant, a 1000-megawatt installed facility owned by Transcorp Group, as a remarkable illustration. He emphasised that despite Nigeria’s significant gas reserves, issues like gas shortages are impeding thorough testing of power facilities, leaving untapped potential.
He also emphasised the value of funding civil society, social infrastructure, and the rule of law. He understood the damaging effects on the stability and prosperity of the country of problems like banditry, kidnapping, and pipeline vandalism.
Elumelu asked Nigerians to band together and invest in the nation in order to improve its standing abroad and ensure its economic future.
His comments struck a chord with the audience and emphasised the urgency of taking action right away. His appeal for oil and gas sector reform assumes renewed urgency as Nigeria deals with a younger generation that is eager for progress and pressure from global climate change.
In conclusion, Elumelu’s speech emphasised inclusivity and togetherness while also arguing for quick reform in the oil and gas industry.
The audience at the NBA Conference enthusiastically endorsed his vision of a vibrant Nigeria marked by renewable energy, safe infrastructure, and societal growth.

Source: Allnews Nigeria

EntekHub.com

All Author Posts