Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu.
UGO AMADI, BUSINESS EDITOR
The recent outburst by the Major Oil Marketers Association of Nigeria (MOMAN) on tough operating environment in the downstream sector of the Nigerian oil and gas industry which has warranted many players in the industry divesting while some close shops has become a source of worry to stakeholders.
Minister of State for Petroleum Resources, Dr Ibe Kachikwu.
…. as Total liberalization remains the best option
Worried about the poor state of the downstream sector of the oil and gas industry, Stakeholders in the industry have conversed for a total deregulation of the downstream sector of the petroleum industry as it would unlock the huge private investment potentials in the sector and also stimulates sustainable growth.
Nigeria’s leading indigenous smart meter manufacturers, Momas Electricity Meters Manufacturing Company Limited (MEMMCOL), has emerged the winner of the ‘Made in Nigeria Product of the Year Award’ for its outstanding contribution in the area of local content in the power sector at the prestigious Lagos Chamber of Commerce and Industry (LCCI) awards held in Lagos recently.