Oil bosses boast billions as locals still wait
The 24th NOG Energy Week wrapped up successfully after five days at the Bola Ahmed Tinubu International Conference Centre in Abuja, drawing 6,685 professionals from the sector between June 29 and July 3. The gathering featured 250 exhibitors, nearly 1,800 delegates and 125 speakers who examined strategies for advancing the nation’s energy objectives.
Released findings from the conference spotlight Nigeria’s plan to reach 3 million barrels daily for oil and 12 billion cubic feet for gas by decade’s end. Wemimo Oyelana, who directs operations for dmg Nigeria events, noted the discussions produced concrete plans linking government regulations with industry abilities. Engr. Felix Omatsola Ogbe from the Nigerian Content Development and Monitoring Board stressed that energy independence requires building domestic expertise throughout extraction, processing and distribution operations.
Nigeria attracted $17 billion in energy sector investments during 2024, according to Engr. Bashir Bayo Ojulari from NNPC Limited, with projections targeting $30 billion by 2027. Major pipeline infrastructure achieved full operational status throughout June, while the AKK Gas Pipeline river crossing reached completion. Conference participants emphasized transitioning from technology imports to local innovation development, while addressing workforce aging through enhanced academic partnerships and standardized engineer training programs.
