There is the need for the domestication of Nigeria’s oil & gas industry for a sustainable energy future.
Eunisell Limited, a chemical and production solutions company, underscored this need as critically important for the domestication of Nigeria’s oil and gas sector.
The company’s Chief Executive Officer, Mr. Ken Okeiyi, in his keynote address during the opening ceremony of the Nigerian Association of Petroleum Explorationists, NAPE 2024 Annual International Conference held at Eko Hotel, Lagos, emphasized this need in order to strengthen local content and leverage indigenous companies to drive the sector’s growth in the country.
Okeiyi who highlighted the strategic role of indigenous firms in fostering a sustainable energy future at the NAPE 2024 conference which brought together stakeholders from the energy industry with the theme: “Resolving the Nigerian Energy Trilemma: Energy Security, Sustainable Growth, and Affordability”, addressed the nation’s unique challenges, stating, “In an era where energy security and growth are paramount, we must prioritise the development of indigenous capabilities to domesticate the oil and gas value chain. You can’t control what you don’t domesticate”.
According to him, “strengthening local content is essential to achieving a resilient energy industry capable of meeting national demand while remaining globally competitive”.
Okeiyi acknowledged the ongoing contributions of domestic operators to the industry and called for enhanced collaboration among stakeholders, policymakers, and the private sector to create a more self-reliant energy landscape, adding, “The domestication of oil and gas operations is not only a pathway to economic empowerment but a necessity for safeguarding Nigeria’s energy future”.
Eunisell Limited has always advocated for capacity building within Nigeria’s oil and gas sector. Its continued support for local content initiatives aligns with broader national objectives aimed at fostering technological innovation, job creation, and reducing dependency on imported resources.
According to the company’s Group Managing Director, Chika Ikenga, while speaking with newsmen on the sidelines of the conference “At Eunisell, we are deeply committed to strengthening Nigeria’s oil and gas industry by investing in homegrown expertise and solutions. Supporting initiatives that prioritize local involvement, is not only vital for economic growth but also essential for creating jobs and reducing our reliance on imports.”
The NAPE 2024 conference serves as a critical platform for addressing the evolving dynamics of Nigeria’s energy sector and Eunisell’s proposition stresses the importance of leveraging indigenous talent and resources to navigate the complexities of energy security, affordability, and growth in the country.
