The current practice in local content energy business has been faulted on the grounds that it robs indigenous players of playing key role in the channeling of the placements. The proper routing of the businesses will empower insurers to play decisive role in the process.

LAGOS: WORKERS in the nation’s petroleum industry, have warned that the country is ready for full deregulation and called on government to ensure that all necessary pre-conditions are in placed before the policy is implemented.

The conspicuous silence about the composition, roles and functions of the PTI in the new dispensation, is worrisome. The total exclusion of the PTI in section 478-493 as one of the institutions to be enshrined in the bill is a source of concern to us. We therefore suggest that the status, roles and functions of PTI be inserted in the bill.”

Mr Jubril Adewale Tinubu needs little or no introduction. As the Group Chief Executive Officer of Oando Plc, he has led a team of indigenous professionals to position the company as Nigeria’s fastest growing energy conglomerate, with interest cutting across the entire energy value chain.

ABUJA -THE National Extractive Industries Transparency Initiative has said billions of naira is lost in the nation’s oil and gas industry due to lack of transparency and poor monitoring of oil and gas production in the country.