Lawmakers, regulators, and key gamers in Nigeria’s oil and gasoline business are set to converge on Abuja for the maiden version of the Home Committee on Petroleum (Downstream) Week, a high-level dialogue geared toward shaping the way forward for the nation’s downstream sector.
The occasion, which shall be declared open by the Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, will convey collectively Senate President Godswill Akpabio, the Group Chief Government Officer of the Nigerian Nationwide Petroleum Firm Restricted (NNPCL), the Chief Government of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, and the Chief Government of the Nigerian Upstream Petroleum Regulatory Fee (NUPRC), Gbenga Komolafe.
Additionally anticipated are the President of the Dangote Group, Aliko Dangote, the Governor of Lagos State, Babajide Sanwo-Olu, the Governor of the Central Bank of Nigeria (CBN), in addition to leaders of the Petroleum and Pure Gasoline Senior Employees Affiliation of Nigeria (PENGASSAN), the Nigeria Union of Petroleum and Pure Gasoline Staff (NUPENG), the Refinery Homeowners Affiliation, and main oil entrepreneurs.
Chairman of the Committee, Hon. Ikenga Imo Ugochinyere, mentioned the discussion board represents “Nigeria’s most influential petroleum business stakeholders’ gathering,” the place lawmakers, regulators, and traders will interact in coverage and market dialogue, achieve regulatory readability, and discover alternatives for collaboration.
In accordance with him, the Downstream Week is designed to deal with important points affecting stability, effectivity, and funding within the downstream worth chain, whereas celebrating milestones recorded up to now within the sector.
“It is a platform for collective pondering — the place legislators, regulators, and traders will align on the insurance policies and improvements that can decide the way forward for our downstream business,” Ugochinyere mentioned.
“We are going to have a good time excellence, evaluate challenges, and work out sustainable options for development and safety inside the sector.”
He famous that the programme will characteristic technical classes, exhibitions, and strategic engagements with operators and entrepreneurs, culminating in a red-carpet dinner and awards evening to honour excellent contributors to the business.
Ugochinyere added that the initiative, organised in partnership with main business gamers, underscores the dedication of the Home of Representatives to fostering collaboration and making certain that the downstream sector stays a driver of {economic} development, job creation, and vitality safety.
“That is about shaping tomorrow’s downstream business at the moment,” he mentioned. “The conversations that start right here will affect reforms, information funding choices, and strengthen public-private partnerships.”
The Reps Downstream Week is predicted to function an annual platform for stakeholders to evaluate progress, share insights, and align on methods for sustaining the transformation of Nigeria’s oil and gasoline downstream sector.
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