Piques by the challenges faced by business in the country, the Chairman Oil Producers Trade Section (OPTS) and Managing Director of Chevron Nigeria Limited, Mr. Rick Kennedy has urged the federal government to try and improve the ease of doing business in the Nigerian oil and gas industry.
He made the appeal while presenting Industry leaders address during the 2022 Nigerian Oil and Gas (NOG) conference and exhibition in Abuja.
The conference had the theme: “Expanding the Nigerian Content Frontier through Intra-African Trade.”
He advised the government to strive to boost Nigeria’s global competitiveness and ensure that investments in the nation’s oil and gas industry remained attractive.
Kennedy said that the challenges experienced in the global space including the contraction in the world energy demand, the disruption in the oil and gas value chain caused by the COVID-19 pandemic, as well as the current energy transition will impact the energy mix in the long term.
He, however, stated that despite the negative impact of the energy transition, it also presents new opportunities for Nigeria to develop its natural resources, particularly the hydrocarbon resources.
The OPTS chairman emphasised the need for the government to put in place measures to ensure smooth implementation of the Petroleum Industry Act (PIA).