During a press briefing in Lagos, where Festus Osifo, PENGASSAN President, unveiled the critical points at PENGASSAN Energy and Labour Summit (PEARL2024) with the theme, “The Future of Nigeria’s Oil and Gas Industry: Energy Mix, Energy Security, Artificial Intelligence, Divestment and Crude Oil Theft,” he highlighted the crippling effect of crude oil theft on the oil and gas industry’s viability in Nigeria. He stressed the urgent need to tackle this issue to secure the industry’s future.
Osifo also emphasised the Association’s recommendation for the Federal Government to bolster its investment in Dangote’s Refinery, pushing for an increase in shareholding from 7% to a minimum of 45%. This move is aimed at enhancing energy reliability and security for the populace.
