Mr Gbenga Komolafe, the Commission Chief Executive of NUPRC, said this on Monday during the opening ceremony of the Petroleum Technology Association of Nigeria (PETAN) pavilion and exhibition stand at the ongoing Offshore Technology Conference (OTC), in Houston, Texas, United States.
The News Agency of Nigeria (NAN) reports that the five-day conference has as theme: “Energy Transition and AfCFTA: Key Reforms for Sustainable Development of the African Oil and Gas lndustry”.
Komolafe said that the need to develop the country’s hydrocarbon resources required huge funding, hence the decision of the commission to develop alternative funding model for the industry.
