Mr. Timipre Sylva, Minister of State for Petroleum Resources
…It is Africa’s foremost investment destination for the energy sector
…Impacts positively on emerging African economy by lifting millions out of poverty in the next decade
–By Felix Douglas
Giving his keynote address at the 3rd edition of Nigeria International Petroleum Summit (NIPS) and African Petroleum Technology and Business Conference (APTBC), taking place in Abuja, the Minister of State for Petroleum Resources, Timipre Sylva, made it known to operators and international audience that the
Summit provides platform for innovative ideas in the oil and gas industry.
According to the Minister, “This Summit is one of those initiatives approved three years ago and has garnered robust acceptability within a short period. The attendance from the African continent and other countries of the world in the first and second editions attested to this fact. This 3rd edition will definitely raise the bar. Over 45 countries are expected to be represented.”
Sylva noted that since the current administration came on board, it has demonstrated through personal example and conduct that wherever there is a will, there will always be a way.
This is reflected in the enthronement of discipline, transparency and efficiency in the overall management of the oil and gas sector. And has also propelled appointees to the line of probity and accountability by ensuring that the government agenda especially for the oil and gas sector is achieved. The encouragement and support given to policies of the Ministry to ensure transparency and take the industry to the next level has been encouraging.
The Minister stated further that as the third edition commences, it must be taken as a call to Africa to look inwards. Operations and management of endowed oil and gas resources. Several decades in the oil industry, operators took pleasure in attending conferences of this nature abroad without realizing that such conferences could be replicated in Nigeria to enable it showcase the progressive development in the African Oil and Gas Industry.
Sylva pointed out that NIPS, Nigeria‘s official petroleum summit is a Pan-African event designed as a meeting point to the oil and gas industry to introduce and harness new technologies and ideas that will lead to development at new strategies that would attract and enhance inflow at foreign investments while improving successes of indigenous business engagements.
Furthermore, it will also facilitate close interaction of industry specialists, leaders in the private, and oil and gas sectors, resulting in cross fertilization of ideas that will advance the needed development in the sector.
He said the Ministry of Petroleum Resources under the leadership of President Mohammadu Buhari has the mandate to initiate policies for the oil and gas sector and supervise the implementation of approved policies. This, the Ministry has relentlessly pursued since this administration came on board.
The Minister said, it is gratifying to note that the 1st and 2nd Editions of NIPS have already attracted a lot of goodwill to Nigeria as Africa’s foremost investment destination in the energy sector. This 3rd Edition of NIPS will live up to expectation as a truly world class event and promises to take Nigeria and Africa as a whole to the next level in oil and gas business.
The calibre of participants that attend in addition to the planned exhibition attest to the fact that NIPS will impact positively on the emerging African economy and consequently support the aspiration of lifting millions out of poverty in the next decade.
Sylva said resolutions and agreements consummated at NIPS will henceforth spur further engagements and improvement in the entire industry value chain.
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